Property Overview
This is a well-maintained condo unit in the Booth neighbourhood, built in 2004. Its primary appeal lies in its exceptional location within a highly desirable area. The data shows it ranks in the top tier for its street, neighbourhood, and the entire city of Winnipeg, suggesting a prime, established setting. With a modest living space of 1,087 sqft and no private garage, it represents a lower-maintenance lifestyle. The most recent sale was in 2017 for $270k, while the current assessed value is significantly lower at $26.5k—a notable point requiring clarification. This property would suit a first-time buyer, an investor, or a downsizer seeking a secure foothold in a top-ranked location without the upkeep of a house or a large unit.
Key Details & Suitability
- Key Characteristics: A 1,087 sqft condo built in 2004, featuring no basement, no pool, and no private garage. It is part of a small, specific cluster of units at 175 Ronald Street.
- Where the Appeal Lies: The standout feature is its location. It sits in the top 3% of its street, the top 1% of its neighbourhood, and the top 18% city-wide for year built, indicating a newer building in a mature, sought-after area. This offers a blend of modern construction in a prime setting.
- Ideal Buyer Profile: This property is a practical choice for location-focused buyers who prioritize neighbourhood prestige over square footage. It suits those looking to minimize exterior maintenance or those using it as a strategic investment in a high-demand area. The size and lack of a garage make it less ideal for large families or those needing significant storage or vehicle space.
Frequently Asked Questions
1. Why is the assessed value ($26.5k) so much lower than the last sale price ($270k in 2017)?
This is a critical discrepancy that must be clarified directly with the listing agent or municipal assessment office. It may involve a data error, a unique property designation, or reflect only a portion of the property's value (e.g., land lease specifics). Due diligence is essential.
2. What does the "Top X%" ranking actually mean?
These rankings compare this specific property against all others on its street, in its neighbourhood, and in Winnipeg for metrics like lot size, year built, and value. A high rank (e.g., Top 3%) means it scores better than 97% of comparable properties for that metric, objectively highlighting its relative strengths.
3. Are there any maintenance fees or condo association rules?
The listing does not mention strata or condo fees. Given it's a condo unit, it is almost certain there are monthly fees covering building insurance, exterior maintenance, and common areas. The amount and rules are crucial to request, as they impact monthly costs and lifestyle.
4. What is the parking situation?
The listing specifies "Garage: None." Parking is likely via assigned surface spots, a shared lot, or street parking. Verifying the exact arrangement, including visitor parking and potential costs, is important.
5. The nearby and similar-value listings show different neighbourhoods (Betsworth, Westdale). Is this relevant?
These are likely automated comparisons based on assessed value alone, not location or type. They highlight that many properties share this assessed value, but the key differentiator for this unit is its superior location rankings in the Booth neighbourhood, not its value peers in other areas.