209-4314 Grant Avenue

Property Summary: 209-4314 Grant Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, mid-sized condo apartment in the Eric Coy neighbourhood, built in 1996. With just over 1,050 square feet of living space, it offers a practical layout without the maintenance demands of a house, as there is no basement, garage, or private yard to upkeep.

Its primary appeal lies in its exceptional value and competitive positioning within its immediate area. The data reveals a compelling story: while its physical size is fairly average for Winnipeg, it ranks in the top 2% of properties on its street and even higher within its specific community for overall desirability. Recent sale prices ($$265,000 in 2023, up from $250,000 in 2020) and its current assessed value align closely, suggesting a stable and realistic market valuation. The building itself is relatively modern compared to many in the city, ranking newer than nearly 80% of Winnipeg homes.

This property would suit a first-time buyer, a downsizer, or an investor seeking a low-maintenance home in a established neighbourhood. It’s ideal for someone who prioritizes financial predictability and a turn-key lifestyle over a large private outdoor space or extensive square footage. The strong rankings on its street and in Eric Coy indicate it's a standout unit in a sought-after location, offering more perceived value than its basic specs might suggest.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this unit compares to others in three areas: its street, the wider Eric Coy community, and all of Winnipeg. For example, being in the "top 2%" on its street means it outperforms 98% of its direct neighbours in combined metrics, which is a significant local advantage.

2. Are condo fees included in this information?
No, the provided data does not mention monthly condo fees, which are a critical factor in the total cost of ownership. A buyer must obtain this information separately.

3. Why is the community ranking for "Value" much lower than the street ranking?
The unit ranks in the top 20% for value on its street but only the top 96% in Eric Coy. This suggests that while it's a high-value option on Grant Avenue, there are many other properties in the broader Eric Coy area (like different streets or housing types) with lower assessed values per square foot.

4. The building is 30 years old. Should I be concerned about major repairs?
The building is past its initial warranty period, so a review of the condo corporation's reserve fund study and minutes is essential to understand the financial health of the building and plan for any upcoming special assessments.

5. There's no garage or basement. Where is storage handled?
The listing does not specify storage solutions. Buyers should inquire about the availability of a dedicated storage locker within the building, as this is common in condo apartments to compensate for the lack of private attic or basement space.