39.7
Below average
Property score
39.7
Below average
Overall 39.7
Smaller and older than most nearby homes
530 sqft (bottom 3%)
Built in 1963 (5 yrs older than avg)
Located in a average-income area
with median household income of ~52k
Transit 86.0
3-min walk to transit with 4 nearby routes
Within 500m: 1 dining spot, 2 schools, 2 healthcare facilitys, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
5 yrs older than neighborhood avg.
Mother tongue
English · 56%Tagalog · 5%
Past 10 years Grant Park sales snapshot (~80% of all data)
125
155.5k
$245/sqft
1968
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39.7 is composed by the two sections below.
Property Score
Community Score
Grant Park
How to read: Share of sales in each ~$50k price band for “grant park” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110419
$52K
Median household income
$77K
Average household income
15%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.2
P90 / P10 ratio
53%
Single-person households
12%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
101-1002 Grant Avenue — 13 amenities found within 500 m, across 7 categories, including 1 dining (nearest 230 m), 2 education (nearest 333 m), 2 healthcare (nearest 272 m).
Grant Park · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 2% | Bottom 4% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 101-1002 Grant Avenue
Key Characteristics & Appeal
This is a compact, 530 sqft condo in Winnipeg's Grant Park neighbourhood, built in 1963. Its defining characteristic is its exceptionally low financial barrier to entry, with an assessed value of $10,100 that ranks it among the most affordable properties in the city. The appeal lies squarely in its function as a minimal-cost entry point into homeownership in a central, established area. It suits a very specific buyer: those prioritizing absolute lowest cost over space, such as a first-time buyer seeking to build equity with a tiny mortgage, an investor looking for a bare-bones rental property, or someone needing a simple, no-frills pied-à-terre. It’s important to view this not as a typical condo, but as a utilitarian asset. The very low square footage and older building age mean comfort and modern amenities are secondary to the primary benefit of ultra-low carrying costs.
Frequently Asked Questions
1. Why is the assessed value so low?
The assessed value reflects the property's small size (530 sqft), its age (built 1963), and its ranking among comparable properties. It is priced for its function as essential shelter, not for luxury or ample space.
2. What are the monthly condo fees, and what do they cover?
This information is not provided in the public data. A critical next step is to contact the property manager or review the status certificate to understand the monthly fees and what utilities or services (e.g., heat, water, building insurance) are included, as this significantly impacts the true monthly cost.
3. Is this a good investment?
As an investment, it is high-risk, high-potential-reward. The low purchase price could yield a solid cash flow if rented, and any market appreciation would represent a large percentage gain on a small base. However, it may be harder to resell due to its niche appeal, and special assessments in an older building could have a major financial impact.
4. How does the recent sale price (Apr 2024: $9.5k-$12.5k) compare to the assessment?
The sale price range aligns closely with the $10,100 assessed value, confirming the market validates this ultra-low valuation. It indicates a stable, if very narrow, market for properties of this type.
5. What should I be most cautious about?
Beyond the obvious space constraints, the age of the building (1963) is the chief concern. It is essential to investigate the building's reserve fund study, history of special assessments, and the overall financial and physical health of the condominium corporation, as major repairs are likely in older buildings.
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