First & Park | 75m | 18s | Graywood

One thing it has in its favour is the location.
Not East Village, close to the river path and adjacent parks (something the Beltline doesn't have), a walk to Kensington (if you do want some restaurants and retail), and you're in a quiet residential part of downtown. It is just not a lot of space, as has been pointed out.
 
$400K for 400 square feet is ridiculous bad value, even with plenty of room for a Michael Scott sized plasma tv. The location is definitely not a bad one, but anyone with any modicum of effort can find much better values out there, whether in Eau Claire itself or Kensington that gives you the same easy access to the river, but more atmosphere.

A quick look at realtor listings shows several much better values (and layouts) in and around Waterfront (which has half a dozen options under 400K).
 
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400k is steep and not a great deal, but I've seen worse. Locals could always find a better deal, but since most of the buyers were from Toronto, 400K probably seems like a bargain, and they aren't the ones using the space.
 

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