4510 Grant Avenue

Property Summary: 4510 Grant Avenue, Winnipeg

Section 1: Overview & Appeal

This well-situated one-storey home in the Eric Coy neighbourhood presents a compelling opportunity, particularly for its generous lot size and functional layout. Built in 1978, its key characteristics include a fully finished basement, an attached garage, and a notably large 7,242 sqft lot, which ranks within the top 15% for size across Winnipeg. With 1,354 sqft of living space, the home offers ample room and ranks highly for its size within its immediate area.

The primary appeal lies in its established, spacious setting and practical footprint. It suits buyers looking for a single-level living option without sacrificing yard space—ideal for families, downsizers seeking room for hobbies or gardening, or investors attracted to a property with significant land in a mature community. A thoughtful perspective is its recent 2023 sale at $400,000, which came in above the current assessed value, suggesting a market recognition of its worth that may not be fully captured by the official assessment. While its interior finishes may reflect its era, the large lot and finished basement provide a solid foundation for both comfortable living and future value appreciation.

Section 2: Frequently Asked Questions

1. How does the large lot size benefit me practically?
Beyond extra outdoor space, a lot of this size (ranking in the top 15% city-wide) offers potential for additions like a sizable shed, garden, or expanded patio. It provides a greater sense of privacy and is a long-term asset in a city where newer developments often have smaller plots.

2. The home is from 1978. What should I consider?
While the core structure is nearly 50 years old, key systems like the roof, furnace, and windows may have been updated over time. A thorough inspection is advised to understand the condition and age of these major components, which is typical for homes of this vintage.

3. Why did it sell for more than its assessed value in 2023?
Property assessments are for taxation and can lag behind current market conditions. The recent sale price likely reflects what buyers were willing to pay based on factors like the desirable lot size, finished basement, and the market at that specific time.

4. Who is the typical buyer for this property?
It's well-suited for first-time buyers or young families needing space and a single-level layout, as well as downsizers from larger homes who still want a substantial yard. Its rankings show it's a competitively sized home on a standout lot for the area.

5. What are the relative strengths of this home in the neighbourhood?
The data shows its greatest strengths are its lot size (top 15% in Winnipeg) and its living area (top 7% on its street). Its assessed value is also very strong on its street. It ranks moderately for age within the community, meaning it's neither the newest nor the oldest home in the area.