205-4314 Grant Avenue

Property Overview

This is a 1,050 sqft condo unit located in the Eric Coy area of Winnipeg, built in 1996. The property holds exceptional competitive rankings within its immediate neighborhood and the wider city, placing in the top 0-2% for its area on its street and in the Eric Coy community. Its appeal lies in this strong relative standing and its manageable size, offering a low-maintenance lifestyle without a basement or garage to upkeep. The 2024 assessment value is $235,000.

The unit would suit first-time buyers seeking an entry point into a well-established neighborhood, or downsizers looking to simplify their living situation. Its high percentile rankings suggest it is a consistently well-regarded option in its locale, offering a sense of value and stability. A thoughtful perspective is that while the interior space is modest compared to larger homes, the outstanding positional rankings indicate you are acquiring a proven, desirable location, which can be a wiser long-term investment than more square footage in a less competitive area.

Frequently Asked Questions

1. What do the "rankings" actually mean?
They show how this property compares to others in specific geographic areas. For example, ranking in the "top 0%" in its community means its combined score places it above 100% of other homes in Eric Coy, indicating it is a top-tier property within that specific neighborhood.

2. Is the lack of a garage or basement a significant drawback?
This depends on your lifestyle. It means very low maintenance and no costs for those spaces, which is ideal for those seeking simplicity. However, it requires creative solutions for storage and means vehicle parking will be at the surface level.

3. The living area is noted as smaller than many in Winnipeg. Where does its high ranking come from?
Rankings are a composite metric. While its square footage is modest, its overall score is likely boosted significantly by other factors like its assessed value relative to the area, its building age within the context of the street, and overall desirability metrics, making it a "best in class" unit for its type and location.

4. The building is 30 years old. What should I be aware of?
A building of this age may be approaching significant maintenance milestones for common elements like roofing, windows, or building envelope. A thorough review of the condo corporation's reserve fund study and minutes is essential to understand the financial health and any upcoming special levies.

5. Who is responsible for exterior maintenance and repairs?
As a condo, the corporation is typically responsible for the building exterior, common areas, and major structural components. You would be responsible for everything within the unit's walls. Your monthly condo fee covers the corporation's maintenance obligations and the reserve fund.