Property Overview: Unit 502 at 1976 Portage Avenue
Section 1: Key Characteristics & Appeal
This is a well-sized, 1,230 sqft condominium in the Bruce Park neighbourhood, built in 1995. Its primary appeal lies in offering above-average space and a newer build date compared to most similar units on Portage Avenue and within the immediate area. The data shows it ranks in the top 8% for living area on its street and the top 19% in Bruce Park, meaning it feels more spacious than many alternatives. While its assessed value is around the city average, its sale history indicates stable value.
The property would suit a practical buyer looking for a low-maintenance lifestyle without sacrificing room to live. It’s particularly fitting for first-time buyers or downsizers who prioritize interior space over amenities like a garage or pool, which this unit does not have. A thoughtful perspective is that its "above average" rankings in a mature neighbourhood like Bruce Park suggest a smart value proposition—you get more modern interior space while still benefiting from an established, convenient location.
Section 2: Frequently Asked Questions
Q: How does this unit’s age compare to others in the area?
A: Built in 1995, it is newer than the average comparable home on Portage Avenue (avg. 1979) and significantly newer than the average in Bruce Park (avg. 1974), placing it in the top 2% of its neighbourhood for year built.
Q: Is the living space typical for a condo here?
A: No, at 1,230 sqft it is substantially larger than average. Comparable units on the same street average 931 sqft, and in Bruce Park they average 868 sqft.
Q: What does the sale history indicate about value?
A: It sold for $27,500 in December 2022 and $26,500 in September 2016. This suggests a stable market value with modest appreciation over that six-year period, consistent with broader area trends.
Q: Are there any obvious amenities like a garage or basement?
A: The listing specifies there is no basement, no pool, and no garage. The focus and value here are on the interior living space and location.
Q: How is the property assessed relative to its taxes?
A: The assessed value is $27,400, which is above average for Portage Avenue but around the average for both the Bruce Park neighbourhood and the city of Winnipeg as a whole.