Property Overview
This is a modern, well-situated condominium unit in Winnipeg’s desirable Crescentwood neighbourhood. Built in 2019, it offers contemporary living with minimal upkeep. The appeal lies in its combination of a prime location, newer construction, and spacious interior relative to comparable properties. Its standout characteristic is its consistently high ranking across key metrics when compared to homes on its street, in the neighbourhood, and across the entire city.
Key Characteristics & Ideal Buyer
The unit’s 1,453 sqft living area is notably spacious, ranking in the top 11% citywide and significantly larger than the average condo on McMillan Avenue. Financially, it presents a compelling profile with an assessed value that places it in the elite top 2% citywide and well above local averages, a strength reflected in its stable sale price history. The property has no basement, pool, or private garage, emphasizing a low-maintenance lifestyle.
Its appeal is for the buyer seeking a turnkey, modern home in a mature, prestigious area without the responsibilities of an older house or a large yard. It particularly suits professionals or downsizers who prioritize location, space, and newer building amenities over traditional detached home features. A less obvious perspective is its value as a "land substitute" in a high-demand area where new construction is rare; you’re purchasing contemporary finishes and systems in a well-established setting. The strong assessed and sale value rankings also suggest it’s a property with a robust market position, likely appealing to those with an eye for long-term value retention.
Frequently Asked Questions
1. What does the ranking data (Top 1%, Top 3%, etc.) actually mean?
It means this property outperforms the stated percentage of comparable homes for that specific metric (like Year Built or Assessed Value) within the comparison group—be it the street, neighbourhood, or city. For example, ranking in the top 2% citywide for assessed value means it is more valuable than 98% of similar reference properties in Winnipeg.
2. There are several units listed at 958 McMillan Avenue. Is this a condo or apartment building?
The addressing (203-958, with nearby units like Ph01, 202, etc.) indicates this is almost certainly a condominium unit within a multi-unit residential building, not a detached home.
3. The assessed value is $54.40k, but it sold for around $53k-$55k. Is that typical?
Yes, in this case, the sale prices are very close to the assessed value, which is typical and indicates the assessments are aligned with recent market activity. The data shows a stable value history between 2020 and 2024.
4. What are the implications of having no basement, pool, or garage?
It means significantly lower maintenance and no costs associated with those features (like pool upkeep or furnace replacement in a basement). However, it also means a lack of traditional storage or utility space and no private garage parking. Storage and parking arrangements would be key questions for the strata/condo corporation.
5. The home was built in 2019. What are the advantages of a newer build in an older neighbourhood like Crescentwood?
You benefit from modern building codes, energy efficiency, contemporary floor plans, and likely fewer immediate repair needs, all within the mature landscape and established character of Crescentwood. It offers a balance of new-home convenience in a classic setting.