Property Overview & Key Characteristics
This is a compact, well-maintained condo unit in Winnipeg's Centennial neighbourhood, built in 2013. Its primary appeal lies in its modern construction relative to its immediate surroundings, offering a move-in-ready condition without the maintenance concerns of an older building. At 976 sqft, it provides efficient living space that is average for the area.
The property stands out for its value proposition. While its city-wide assessed value is modest, it ranks above average for both its street and neighbourhood, suggesting it is a comparatively strong asset within Centennial. It suits first-time buyers seeking an affordable entry into a modern build, downsizers looking for a low-maintenance lifestyle, or investors attracted by the potential for stable rental income in a unit that competes favourably with older local alternatives. A thoughtful perspective is that this unit offers the benefit of newer mechanical systems and building materials, which can mean predictable utility and repair costs—a significant but less obvious advantage over many neighbouring properties.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This information is not provided in the current listing. A direct inquiry to the listing agent or property manager is essential to obtain the fee amount and a detailed breakdown of inclusions (e.g., building insurance, common area maintenance, reserve fund contributions).
2. Is this a pet-friendly building?
The listing details do not specify pet policies. Any restrictions on pets, including type, size, or number, must be confirmed with the condo corporation's bylaws.
3. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes. This can be a financial advantage, but it's important to understand the municipality's mill rate to calculate the approximate annual tax bill.
4. What is the parking situation?
The listing indicates no private garage. Specifics on dedicated surface parking, visitor parking, or street permit requirements need to be verified, as this is a crucial practical consideration.
5. The unit sold for less than its assessed value in 2017. Should I be concerned?
Not necessarily. A past sale price reflects the market conditions at that specific time. The current assessed value and its favourable ranking within the neighbourhood are more relevant indicators of its present market position and should be the focus of your evaluation.