Property Overview & Appeal
This condominium at 3-150 Creek Bend Road is a standout property defined by its above-average size and premium valuation. Its key characteristic is a spacious 1,580 sqft living area, which places it in the top 4-6% for size when compared to similar properties on its street, in the Dakota Crossing area, and across Winnipeg. Built in 2017, it is a relatively modern home with a renovated basement. The property’s assessed value of $740,000 firmly positions it in the elite top 1-5% of its peer groups, indicating a high-quality build, desirable finishes, or a premium location within the complex.
The appeal lies in acquiring a spacious, modern, and turn-key condo that performs exceptionally well on key metrics compared to its competition. It suits buyers looking for the low-maintenance lifestyle of a condo without sacrificing square footage, and who prioritize a property with strong, data-confirmed standing in its market. It would particularly suit empty-nesters seeking to downsize from a house but not their living space, or professionals wanting a premium, lock-and-leave property in a well-regarded area.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value mean?
It means this unit's official city assessment is in the top 1-5% of all comparable properties in its area and city-wide. This typically reflects factors like superior construction, finishes, lot placement, or views within the development, justifying its higher value.
2. Is the $740,000 assessment close to the expected selling price?
While assessments are for municipal taxation and not a direct market appraisal, an "Elite" assessment is a strong indicator of market value. The last sale was for $570,000 in August 2020, so the current assessment suggests significant appreciation. The final sale price will be determined by current market conditions.
3. Who is responsible for exterior and grounds maintenance?
As a condominium, the corporation (and its associated fees) will typically cover exterior building maintenance, landscaping, snow removal, and upkeep of common areas, relieving the owner of those duties.
4. The living area is large for a condo. Are there any drawbacks to that?
While spaciousness is a major benefit, potential considerations could include proportionally higher condo fees to cover heating and maintenance of the larger unit, and a potentially higher purchase price per square foot compared to smaller units in the same complex.
5. The data shows many nearby units on the same road. What is the community like?
With multiple units at the same civic address (e.g., 1-150, 2-150 Creek Bend Rd.), this is likely a townhouse or clustered condo development. This often fosters a quiet, neighborhood-like atmosphere while providing the convenience and shared amenities of a managed complex.