305-1030 Grant Avenue

Property Overview: 305-1030 Grant Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-bedroom condo in the well-established Grant Park neighbourhood. Built in 1970, its key characteristic is affordability, reflected in its below-average assessed value and recent sold price. At 633 sqft, the living space is efficient and ranks below average for size both on its street and citywide, making it a true entry-level property.

The appeal lies in its location and financial accessibility. It’s situated in a mature, central area with amenities close by, offering a foothold in a desirable neighbourhood at a lower price point than larger units or single-family homes. The condo fees (not detailed here but a key consideration) would need to be weighed against the savings on purchase price and property taxes.

This property would suit a specific type of buyer: a first-time purchaser, a single professional, or an investor looking for a lower-cost rental unit in a stable area. It’s less suited for those needing space to grow or who prioritize modern builds. A thoughtful perspective is that while the unit itself is modest, owning it represents an opportunity to build equity in a proven neighbourhood, which can be a strategic first step in the market.

Section 2: Frequently Asked Questions

1. Is this a good value for the money?
Based on the data, it trades at a lower price point than most comparable properties on Grant Avenue and across Winnipeg, suggesting it is priced for accessibility. Value will depend on your priorities—it offers location and affordability over space and modern features.

2. What are the condo fees and what do they cover?
This information is not provided in the data set. You must obtain the current monthly condo fee amount and a detailed breakdown of what it includes (e.g., heat, water, building insurance, reserve fund contributions) as this significantly impacts the total monthly cost.

3. How does the 1970 build year affect the unit?
The building is older, which can mean more character but also potential for outdated mechanical systems or upcoming special assessments for major repairs. Its "Elite" ranking for year built within Grant Park is interesting—it suggests it may be one of the newer buildings in that specific condo sub-market, which could be a relative positive.

4. Why is the assessed value so much lower than the citywide average?
The lower assessed value is directly related to the unit's smaller size and older building age compared to the city's overall housing stock. This generally translates to lower property taxes, which is a key part of its affordable operating cost profile.

5. What is the exact recent sold price?
The public data shows a range. To get the precise sale price from December 2024, you need to request it directly from the source via the email link provided in the listing details, as this information is not fully disclosed in public records.