223-4314 Grant Avenue

Property Overview: 223-4314 Grant Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, 1,147 sqft home built in 1996, located in the Eric Coy neighbourhood. Its primary appeal lies in its strong competitive position within its immediate area. The data indicates it ranks in the top tier for its street and entire community in terms of lot size, and it is a newer home compared to most in its surroundings. The property does not have a basement, garage, or a pool, presenting a straightforward, single-level living option.

The home would particularly suit first-time buyers or downsizers seeking a manageable, low-maintenance property in a established neighbourhood. Its appeal is also practical for those who prioritize modern building systems (being 30 years old versus much older stock) and value a home that stands out favourably in key metrics against its direct neighbours. The 2017 sale price of $225,000, against a current assessed value of $247,000, suggests a history of stable value.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others in three areas: its specific street, the wider Eric Coy community, and all of Winnipeg. For example, ranking in the "top 2%" for lot size on its street means it is larger than 98% of its immediate neighbours, a sign of relative space and privacy in that location.

2. The home has no basement or garage. How does this impact living and storage?
This means all living space is on the main floor, which can be a benefit for accessibility. However, it requires creative solutions for storage, utilities, and mechanical systems. Buyers should consider the need for a shed or built-in cabinetry and understand where the furnace and hot water tank are located.

3. The assessment value is higher than the last sale price. Is that normal?
Yes, this is common. The 2017 sale price is a historical record, while the assessment is a current valuation for tax purposes, often based on recent market trends and comparable sales. The two figures are not directly comparable as they represent different points in time.

4. Who would this property NOT be suited for?
It may not suit buyers requiring extensive storage space for vehicles, tools, or seasonal items due to the lack of a garage and basement. Families needing multiple bedrooms or separation of living spaces might also find the square footage limiting compared to two-storey or basement-equipped homes.

5. The community ranking for "Assessment Value" is low. Does that indicate a problem?
Not necessarily. This specific metric shows the home's assessed value is higher than only 3% of properties in Eric Coy. This could reflect the home's more modest size or the presence of many higher-valued homes in the broader community. It's important to balance this with its very high rankings for lot size and age on the same street.