Property Summary: 101-4314 Grant Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a 1,050 sqft main-floor condo unit in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in its exceptional value and competitive positioning within its immediate area. The data indicates it ranks in the top tier for its size relative to other homes on its street, and it surpasses nearly all comparable properties within its broader community and all of Winnipeg for overall value—placing it in the 99th and 82nd percentiles, respectively. This suggests a property that is priced notably below typical market expectations for its locale.

The unit would suit first-time buyers, downsizers, or value-focused investors seeking an affordable entry into the Winnipeg market with minimal upkeep (as it is a condo without a basement or garage). Its strong rankings within the hyper-local context of its street and neighbourhood make it particularly compelling for someone who prioritizes getting more space and newer construction (it's newer than 94% of homes in Eric Coy) for their budget, rather than premium finishes or amenities. A less obvious perspective is that its standout community value ranking could indicate a degree of insulation from market dips, appealing to the cautious buyer looking for a stable asset.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others in three areas: its street, the Eric Coy community, and all of Winnipeg. For example, ranking "1/888" in the community for value means its assessed value is lower than 100% of comparable listings, positioning it as the top value option in that area.

2. Are there any monthly condo fees, and what do they cover?
The provided details do not include this critical information. Any prospective buyer must obtain the condo corporation's financial statements, bylaws, and reserve fund study to understand the monthly fees and what services (e.g., exterior maintenance, snow removal, common area upkeep) they include.

3. Why is the assessed value so low compared to the community?
While the specific reason isn't stated, a community value ranking in the 99th percentile (1% of homes have a lower assessed value) often reflects a conservative government assessment, a below-market purchase history, or a unit type that differs from the neighbourhood norm (like a condo among mostly single-family homes).

4. What are the drawbacks of having no garage or basement?
This means no private storage for vehicles, tools, or seasonal items. All storage must be accommodated within the 1,050 sqft layout. Buyers should consider where bicycles, winter tires, and holiday decorations will be kept, and factor in the potential cost of renting external storage space.

5. The home is 30 years old. What major maintenance should be anticipated?
While the building is newer than many in Winnipeg, key building components like the roof, windows, and major mechanical systems (heating, plumbing) may be nearing or due for replacement. Reviewing the condo reserve fund is essential to see if these upcoming projects are planned and adequately funded.