225-4314 Grant Avenue

Property Overview: 225-4314 Grant Avenue, Winnipeg

Key Characteristics, Appeal & Target Buyer

This is a well-maintained, 1,050 sqft home built in 1996, situated on a highly desirable stretch of Grant Avenue in the Eric Coy neighbourhood. Its primary appeal lies in its exceptional location, evidenced by top-tier rankings: it surpasses 98% of homes on its street, 100% in its community, and 100% across all of Winnipeg for its specific lot area, indicating a premium and possibly larger-than-average parcel for the area. The home itself is modern enough to avoid major aging concerns but established within a mature community.

The property suits practical buyers seeking a move-in ready home in a proven, competitive location without the premium for a brand-new build. It’s ideal for someone who values a strong community standing over maximum interior square footage, as the living space is comfortable but not oversized. The excellent street and community rankings for lot size and age suggest a solid long-term investment in a coveted spot, appealing to both growing families and downsizers wanting accessibility and stability.

Frequently Asked Questions

1. What do the "rankings" actually mean?
They are relative performance indicators comparing this property against others on the same street, in Eric Coy, and across Winnipeg. For example, ranking in the top 2% on its street for lot size means 98% of houses on Grant Avenue have a smaller land area.

2. The home ranks highly for lot size but lower for living area. What does this indicate?
This suggests the property may have a generous yard or lot footprint compared to neighbours, while the house itself is a comfortable, mid-size layout. It appeals to buyers who prioritize outdoor space or future expansion potential over a vast interior.

3. How does the 2024 assessed value compare to the last sale price?
The current assessed value is $234,000. The home last sold in June 2016 for $215,000, reflecting a modest and steady appreciation over eight years in line with stable market growth.

4. What are the implications of having no basement or garage?
This means all living space is on the main levels, which can be a plus for accessibility. Storage and vehicle parking will require creative solutions, such as shed storage and reliance on driveway or street parking—a common trade-off for the location.

5. The community ranking for "Value" is low (top 98%). Does this mean it's overpriced?
Not necessarily. This ranking compares its assessed value to other homes in Eric Coy. A lower rank here can indicate that properties in this specific community are, on average, valued lower. Given its top rankings for location and lot, this property likely commands a premium within the community, which is reflected in its assessment.