Property Overview: 101-175 Ronald Street, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-maintained, 1,125 sqft condo unit built in 2004, located within the Booth neighbourhood. Its primary appeal lies in its exceptional value and established, stable location. The property ranks in the top 3% for age on its street and the top 1% within its neighbourhood, indicating it is one of the newer, low-maintenance options in a mature area. Financially, it stands out with a very low assessed value ($26.5k) and a modest 2020 sale price of $28.5k, suggesting an accessible entry point into the market with predictable property tax obligations.
The unit would suit first-time buyers, investors, or downsizers seeking a cost-effective, no-fuss property. Its appeal is practical rather than luxurious: there is no garage, basement, or pool. The high neighbourhood and city-wide rankings (top 0-1%) for its street and area suggest a location that is consistently desirable or stable, which is a significant but less obvious advantage. This isn't a feature-rich property, but a solid, foundational asset for someone prioritizing financial efficiency and location stability over extra space or amenities.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. A direct inquiry with the property listing agent or condo corporation is essential to obtain the current fee structure and a detailed list of inclusions (e.g., building insurance, exterior maintenance, reserve fund contributions).
2. Why is the assessed value so much lower than typical Winnipeg homes?
The assessed value reflects the unit's market value as determined for municipal tax purposes. As a condo, the value represents the unit itself and a share of common elements, not a separate piece of land, which often results in a significantly lower assessment compared to single-family homes.
3. The unit sold for $28.5k in 2020. Is the price likely similar now?
While the 2020 sale provides a recent benchmark, current market conditions, changes to the unit or building, and updated condo finances will influence the present listing price. It is a useful data point, but not a guarantee of today's value.
4. What does the "Top 0% in neighbourhood" ranking mean?
This statistical ranking indicates this specific street is considered the absolute best (ranked 1 out of 1,011) within the broader neighbourhood for the measured factor (likely overall appeal or value stability). It highlights an exceptionally well-regarded micro-location.
5. Are the nearby properties at the same address also condos?
Yes. The list of addresses like "102-175 Ronald Street" and "105-175 Ronald Street" suggests this is a condo or townhouse complex with multiple units within the same building or development, sharing the common address of 175 Ronald Street.