Property score
42.4
Below average
Overall 42.4 · Smaller and older than most nearby homes
557 sqft (bottom 12%) · Built in 1964 (4 yrs older than avg)
Located in a above-average income area with median household income of ~70k
Transit 100.0 · 1-min walk to transit with 5 nearby routes · Within 500m: 5 dining spots, 2 schools, 2 healthcare facilitys, and 3 shops nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 62%Tagalog · 6%
Past 10 years Grant Park sales snapshot (~80% of all data)
125
155.5k
$245/sqft
1968
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42.4 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: #46110421
$70K
Median household income
$80K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
36%
Single-person households
22%
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
7-1056 Grant Avenue — 17 amenities found within 500 m, across 7 categories, including 5 dining (nearest 308 m), 2 education (nearest 465 m), 2 healthcare (nearest 271 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 15% | Bottom 34% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview: 7-1056 Grant Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 557 sqft condo in the well-established Grant Park neighbourhood. Built in 1964, it is a classic, no-frills unit that ranks as significantly smaller and with a lower assessed value than most comparable properties on its street, in the area, and across Winnipeg. Its primary appeal lies in its affordability and location. It represents a clear entry point into a desirable, central neighbourhood known for its amenities, including the Grant Park Shopping Centre. The low condo fees (implied by the low assessed value) are a notable financial advantage.
This property would best suit a pragmatic, budget-conscious buyer. This includes first-time purchasers seeking a foothold in a great area, an investor looking for a straightforward rental property, or a minimalist seeking an efficient, low-maintenance home. It’s not for those needing space, modern finishes, or expecting high appreciation from the unit itself; the value here is in the lifestyle and location it unlocks at a very accessible price point.
Section 2: Frequently Asked Questions
1. What does the "below average" ranking for size and value actually mean?
It confirms this is a modest unit. Compared to most other homes, it's smaller and valued lower. This isn't necessarily a negative—it directly translates to a lower purchase price and likely lower property taxes, which is the core of its value proposition.
2. Are low condo fees a guarantee?
While the low assessed value strongly suggests lower condo fees, you must review the corporation's financial statements and budget. Ensure the fees are adequate for the building's reserve fund and maintenance, especially for a building from the 1960s.
3. Who is this not a good fit for?
Buyers who prioritize space, natural light (basement-level units can be darker), or modern open-concept layouts may find it too confined. It may also not suit someone viewing a condo primarily as a rapid-value-growth investment.
4. What should I investigate about a building from 1964?
Focus on the building's condition and financial health. Inquire about recent or upcoming special assessments, the state of major systems (plumbing, electrical, roof, windows), and the soundproofing between units. A well-maintained older building can be very solid, but due diligence is key.
5. The last sale was in 2018. How does that affect pricing today?
The 2018 sale price provides a historical baseline, but the current market conditions are decisive. Your offer should be based on a professional appraisal and recent sales of similar units in the area, not on data that is seven years old.
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