403-340 Waterfront Drive

Property Overview & Appeal

This condo at 403-340 Waterfront Drive offers a practical, low-maintenance urban lifestyle in Winnipeg's Civic Centre. Its key characteristic is balance: at 809 sqft, it provides manageable space that ranks around average for the immediate Waterfront Drive area and is relatively modern, having been built in 2009. The appeal lies in its location and financial profile. It sits in a well-established building on a prominent downtown street, offering convenience to city amenities. With an assessed value of $26,600 and a previous sale price of $27,800 in 2021, it represents a stable, entry-point into the downtown condo market rather than a luxury purchase. This property would suit first-time buyers, downsizers, or investors seeking an affordable, centrally-located unit with predictable carrying costs. A thoughtful perspective is that its "average" metrics within the building and neighborhood could be a strength, indicating a lower risk of being over-improved or priced out of step with local comparables.

Frequently Asked Questions

1. Is this a good value compared to other condos in the area?
The data suggests it's positioned squarely in the middle of the market for Waterfront Drive. Its assessed and past sale values are around the average for similar homes in the Civic Centre, indicating a fair, market-based price rather than an outlier.

2. What does the living space feel like at 809 square feet?
At just under 800 sqft, this is a compact one-bedroom or spacious studio footprint. It's smaller than the Winnipeg citywide average for homes, prioritizing efficient layout over spaciousness, which suits a minimalist or single occupant lifestyle.

3. How does the building's age (2009) affect the unit?
Built in 2009, the building is relatively modern compared to many in Winnipeg. This typically means fewer immediate major repair concerns than in older buildings, but potential buyers should still review the condo's reserve fund study to understand upcoming capital projects.

4. Who might this property not be suitable for?
It may not suit those requiring multiple bedrooms, dedicated workspace, or extensive storage. The below-average citywide living area ranking indicates it's compact, and the lack of a basement eliminates extra storage or hobby space.

5. What can the 2021 sale price tell me?
The previous sale provides a recent benchmark, showing modest appreciation from the assessed value at that time. It suggests a stable, non-volatile price history, but a new sale price will be determined by current market conditions, updated finishes, and the state of the condo corporation's finances.