This is a compact, renovated basement unit at 2-358 Alexander Avenue in Winnipeg's Centennial neighbourhood. Built in 2012, it is a notably modern property compared to many in the city. Its primary appeal lies in its extreme affordability, with a very low assessed value and sale price, paired with recent updates. The 516 sqft living space is small, even compared to other units on its street, making it one of the most modest footprints available in the market.
The unit would suit a specific type of buyer: a first-time purchaser seeking an absolute entry point into homeownership, an investor looking for a low-cost rental property, or someone needing a minimal, efficient space without financial strain. Its above-average modernity for Winnipeg is a key asset, suggesting less immediate concern for major system replacements. A less obvious perspective is that its low carrying costs could free up budget for lifestyle or travel, appealing to those prioritizing experiences over space. However, buyers must be comfortable with a basement layout and minimal square footage.
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What does "renovated" specifically include, and when was it done?
Understanding the scope and date of the renovation is crucial, as it informs the condition and potential future maintenance needs of the interior.
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What are the monthly condo or maintenance fees, and what do they cover?
Given the building type and unit number, this is almost certainly a condominium. The fees impact overall affordability and value.
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How is natural light, and what are the ceiling heights?
As a basement unit, these factors significantly affect the feeling of space and livability, which photos may not fully convey.
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What is the parking situation for residents and guests?
The listing notes no garage. Clarifying if there is a dedicated surface spot, a leased space, or only street parking is essential.
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How does the "above average" assessed value for Centennial work with such a low absolute value?
This statistical quirk highlights that this is a very small unit in a neighbourhood of larger, higher-value homes. It indicates the area is desirable, but this property is an outlier in form and function within it.