215-4314 Grant Avenue

Property Summary: 215-4314 Grant Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, 1,049 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 data shows it ranks in the top 2% of properties on its street and is in the 100th percentile (top 0%) for both its community and all of Winnipeg when considering its overall value proposition, suggesting it offers more for its price point than the vast majority of comparable listings.

The unit suits practical, value-conscious buyers—such as first-time homeowners, downsizers, or investors—who prioritize a strong foothold in a stable neighbourhood over extra space or luxury features. It has no basement or garage, indicating a lock-and-leave simplicity. A thoughtful perspective is that its high relative rankings, despite a modest size and assessment value, point to an efficiently designed space in a consistently desirable location. Its 2016 purchase price of $200,000, significantly lower than the current assessed value of $232,000, also indicates a history of solid value appreciation.

Frequently Asked Questions

1. What does ranking in the "top 0%" for the community actually mean?
It means that, based on the combined metrics used (which factor in size, age, and value), this property's overall profile is more competitive than every other listed property in the Eric Coy community, suggesting exceptional value for the area.

2. Are there any monthly condo fees?
The provided details do not include this information. For a complete financial picture, it is essential to inquire directly about the condominium corporation's monthly fees and what they cover.

3. The home is 30 years old. Should I be concerned about major repairs?
While the building is of an age where some systems may need updating, its high rankings for age (newer than 94% of the community) indicate it is relatively modern for the area. A professional inspection is always recommended to assess the specific condition of the unit and building.

4. The property has no garage or basement. Where is storage handled?
Storage would be limited to the unit's interior closets and any additional locker space that may be assigned. Prospective buyers should clarify what dedicated storage, if any, comes with the unit.

5. Why is the current assessed value higher than the last sale price?
The assessed value of $232,000 reflects the municipality's current valuation for tax purposes, which has increased since the 2016 sale of $200,000. This growth aligns with broader market trends and the property's strong comparative rankings.