Property Overview
This is a compact, modern condo unit in Winnipeg's Centennial neighbourhood. Built in 2012, it offers 794 square feet of living space. The unit has no basement, pool, or private garage. Its most recent recorded sale was in November 2019 for $10,500, and its current assessed value is $14,600.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern build within an established area. Being constructed in 2012, it is significantly newer than many comparable homes on its street and in the wider city, potentially meaning fewer immediate maintenance concerns. The living space, while modest citywide, is notably efficient for the Sherbrook Street area, ranking in the top 9% for size among its immediate peers. This presents a practical, low-maintenance living option.
It would best suit a very specific buyer: someone seeking an extremely affordable entry into the market, an investor looking for a low-cost rental unit, or an individual who prioritizes a modern building envelope over square footage and private amenities. The low assessed value and sale price indicate this is a functional asset rather than a luxury purchase. A thoughtful perspective is that this unit represents the practical side of urban living—it’s about securing a modern, manageable space in a central location, with the understanding that common areas and the neighbourhood itself serve as the extended "living space."
Frequently Asked Questions
1. What does the ranking data actually tell me?
It shows how this unit compares to similar properties in three areas: on Sherbrook Street itself, in the broader Centennial neighbourhood, and citywide. For example, its 2012 build date is newer than most on its street but its assessed value is around the local average.
2. Is there parking available?
The listing specifies "Garage: None." Prospective buyers should inquire about the availability of dedicated or street parking, as this is not a private garage.
3. Why is the sale price from 2019 so much lower than typical home prices?
This reflects the property's compact size, condo format, and likely its specific market niche. The price is consistent with its low assessed value and indicates a very affordable point of entry.
4. What is the condo fee, and what does it cover?
This critical information is not provided in the available data. You must request a full disclosure statement from the seller or listing agent to understand monthly fees and what amenities or services (like building insurance, exterior maintenance, etc.) they include.
5. The living area is noted as "below average" citywide. How livable is 794 sq ft?
At 794 square feet, the unit is efficient. It is larger than many units on its own street but smaller than the typical Winnipeg home. It is suitable for a single person, a couple, or someone who values a minimalist, low-maintenance lifestyle.