Property Overview
This is a well-situated, modern condo unit in the desirable Crescentwood neighbourhood. Built in 2015, it offers a move-in-ready, low-maintenance lifestyle. The key appeal lies in its combination of a newer build within a mature, prestigious area, coupled with a recently renovated basement that adds functional space. Its assessed value ranks in the top 3% city-wide, indicating strong underlying value and desirability.
While its living space is modest for Academy Road itself, it is above the Winnipeg average, making it efficient and manageable. This property would suit first-time buyers seeking entry into a prime neighbourhood, professionals wanting a lock-and-leave lifestyle, or downsizers looking to stay in a cherished area without the upkeep of a large, older home. It offers a practical footprint with the prestige of the address.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This information is not provided in the current listing details. A review of the condo corporation's financial statements and bylaws is essential to understand the fee structure and what amenities or services (like exterior maintenance, groundskeeping, or a reserve fund) they include.
2. Is the property suitable for a young family?
The renovated basement adds valuable flexible space, which is a plus. However, the overall square footage is below the average for Academy Road. Families should consider if the layout and bedroom count meet their long-term needs, as the unit may be more suited to individuals, couples, or a small family.
3. How does the 2015 build date affect this property?
As an 11-year-old building, major structural components like the roof, windows, and mechanical systems are likely still in good condition, potentially reducing near-term repair costs compared to the neighbourhood's many century-old homes. It represents a balance of modern construction within a classic setting.
4. The assessed value is in the top 3% city-wide, but the 2016 sale price was $460k. What does this mean?
The high assessed value suggests the property is valued very favorably for tax purposes compared to most of Winnipeg, which is positive. The 2016 sale price provides a historical benchmark, but the current market value will be determined by recent comparable sales, market conditions, and the unit's specific features.
5. There are multiple units at this address. What is the building's atmosphere?
With several units listed at 232 Academy Road, this appears to be a small multi-unit building or townhouse complex. Prospective buyers should inquire about the owner-occupier to renter ratio, the soundproofing between units, and the dynamics of the condo board to gauge the community feel and management efficiency.