213-4314 Grant Avenue

Property Summary: 213-4314 Grant Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, 1,147 sqft condo unit in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in its exceptional competitive standing within its immediate area. The property ranks in the top 2% of homes on its street for size and surpasses 100% of homes in its wider community and all of Winnipeg for lot area, indicating a spacious and rare footprint for a condo. While the interior space is comfortably above average for the street, its market value is notably accessible, with a current assessed value and a recent 2023 sale price around $240,000-$248,000. This presents a value proposition, as you acquire a property that outperforms most in its locale on key metrics without a premium price tag.

It would suit value-conscious buyers, including first-time homeowners or downsizers, seeking a established, low-maintenance property in a mature neighbourhood. The strong rankings suggest a unit that likely offers more space or a better configuration than many of its peers, appealing to those who prioritize roominess and perceived equity over brand-new finishes. It's a pragmatic choice for someone looking for a solid, competitively positioned home without the cost of a newly built unit.

Frequently Asked Questions

1. What does "ranking in the top 0% for lot area" actually mean?
It means that, based on the available data, this property's lot size is larger than every other comparable property listed in both its community and the entire Winnipeg area for this ranking system. It highlights an unusually spacious plot for a condo.

2. The assessed value is very close to the recent sale price. Is that good?
Typically, yes. It suggests the market sale was seen as fair and aligned with the city's assessment, providing a stable basis for property taxes and indicating the price wasn't an outlier.

3. Who is responsible for exterior maintenance and repairs?
As a condo unit, exterior maintenance, major structural repairs, and common area upkeep are managed by the condominium corporation, funded through monthly condo fees. Specifics would be detailed in the corporation's bylaws.

4. The community rank for value is lower (top 97%). Does that mean it's overpriced?
Not necessarily. This rank compares its assessed value to all homes in Eric Coy, including many different property types. Its value ranks highly on its specific street. This may indicate you get more for your money on this street compared to other parts of the broader community.

5. Are there any major upcoming condo fee assessments or projects?
This information is not included in public records. A review of the condominium corporation's reserve fund study, meeting minutes, and financial statements (provided during the purchase process) is essential to understand the financial health and any planned major projects.