Property Overview
This condominium at 104-969 Sherbrook Street presents a specific and practical urban living profile. Built in 2012, it is a notably modern unit within its immediate Sherbrook Street context, where it ranks in the top half for age. Its primary appeal lies in its efficient use of space; at 828 square feet, it is significantly larger than most comparable units on the same street, placing it in the elite top 4% for living area there. This combination of relative newness and above-average interior space for the locale is its standout feature. The property suits first-time buyers, investors, or downsizers seeking a low-maintenance, modern condo in a central Winnipeg neighbourhood without a large financial outlay, as evidenced by its below-average citywide assessed and sale values.
Key Details & Context
- Building Type: Condominium (implied by unit number and lack of standalone property features).
- Year Built: 2012 (newer than most on its street and in Centennial).
- Living Area: 828 sqft (spacious for comparable units on Sherbrook).
- Assessed Value: $14,500.
- Last Sale Price: $13,300 (September 2023).
- Parking/Garage: None listed.
- Basement/Pool: No.
Section 1: Key Characteristics & Appeal
What You're Getting:
This is a modern, low-maintenance condo in a central neighbourhood. Its 2012 build date means it likely benefits from contemporary building standards and systems, offering peace of mind compared to much of the older housing stock in the area. The 828 sqft floor plan is the property's most compelling asset within its micro-market—it provides ample living space compared to its direct peers, suggesting a comfortable layout.
Where the Appeal Lies:
The appeal is squarely in value and practicality. You are acquiring a relatively new and spacious interior for a very accessible price point. It’s a cost-effective entry into homeownership in Winnipeg. A less obvious perspective is its potential as a stable rental investment; the modern build and efficient space could attract long-term tenants seeking an updated unit in the area. The recent sale in 2023 also provides a clear, current market benchmark for value.
Who It Suits Best:
This property is ideal for pragmatic buyers. It suits the first-time buyer prioritizing a modern, move-in-ready space over a standalone house. It would also work for an investor looking for a newer asset with potentially lower maintenance costs, or a downsizer wanting to lock in a predictable monthly housing cost without sacrificing living space. It is less suited for those requiring private outdoor space, parking, or amenities like a pool or garage.
Section 2: Frequently Asked Questions
1. Why is the assessed value and sale price so much lower than the city average?
This reflects the property type (condominium) and location context. Condo units typically have lower values than single-family homes. The "below average Winnipeg" valuation indicates it is priced accessibly within the broader market, which is part of its value proposition.
2. Is there parking available?
The listing does not specify a dedicated parking spot. This is a critical point to clarify with the condominium corporation or property manager, as on-street parking in central neighbourhoods can be competitive.
3. What are the monthly condominium fees, and what do they cover?
This information is not provided in the data. You must obtain the current fee schedule and budget from the condo corporation to understand your monthly carrying costs and what amenities or services (like building insurance, common area maintenance, etc.) are included.
4. The unit sold for $13,300 in 2023. Is that a typical price for a condo?
Yes, for this specific type of property. The sale data shows a clear and recent market transaction, which is a strong indicator of its fair market value. The previous sale in 2017 was for $14,800, providing useful historical context.
5. It ranks highly for space on Sherbrook Street but below average citywide. What does that mean?
This highlights the importance of micro-markets. Within its immediate group of comparable properties (likely other condos on Sherbrook), this unit is quite spacious. The citywide comparison includes all home types, primarily larger single-family houses, so it naturally ranks lower. For a buyer focused on this area and property type, its local ranking is more relevant.