Property Overview
This is a 1,306 sqft condominium located at 3-540 Jessie Avenue in Winnipeg's Earl Grey neighbourhood. Built in 2014, it offers modern construction within a well-established, desirable area. The unit's primary appeal lies in its above-average living space—it ranks in the top 10% of homes in Earl Grey for size—providing a spacious feel that is uncommon for a condo. Its assessed value is notably higher than the city-wide average, yet it sits below the average for its immediate street, presenting a potential value proposition within its specific locale. This property would suit a buyer looking for a low-maintenance, modern home without sacrificing square footage, ideal for small families, professionals, or downsizers who want room to breathe in a central neighbourhood.
Key Details & FAQs
Key Characteristics & Appeal:
- Spacious Modern Condo: At over 1,300 sqft, this unit offers significantly more space than most condos and even many single-family homes in the city, providing room for flexible living arrangements.
- Established Neighbourhood: Located in sought-after Earl Grey, it combines the benefits of a mature community with the advantages of a newer build (2014), likely meaning fewer immediate repairs.
- Value Context: While its assessed value is strong city-wide and in Earl Grey, it is positioned below the average for Jessie Avenue itself. This could indicate a relative value opportunity on a street of otherwise higher-valued homes.
- Ideal Buyer: Best suited for those prioritizing space and modern amenities over a detached property. It fits buyers seeking a "lock-and-leave" lifestyle without compromising on interior room, possibly offering more interior space than an older, similarly-priced bungalow in the same area.
Frequently Asked Questions:
1. What are the condo fees, and what do they cover?
This information is not provided in the public data. A review of the condo corporation's financial statements, reserve fund study, and bylaws is essential to understand monthly fees, included amenities (like snow removal, building insurance, etc.), and the health of the corporation.
2. How does the assessed value compare to the expected selling price?
The property last sold in 2019 for $27,800. Its current assessed value is $30,200. Market conditions, recent upgrades, and buyer demand will determine the final sale price, which can be above or below assessment. It's wise to review recent comparable sales in Earl Grey.
3. What is the parking situation?
The listing details do not specify parking. Potential buyers should confirm if the unit includes a dedicated garage, underground parking spot, or only street parking, which is a critical consideration in a mature neighbourhood.
4. Are there any interior photos or a layout floor plan available?
The provided data is statistical. For interior condition, room layout, finishes, and balcony/patio space, you would need to view the full listing or schedule a viewing with the selling agent.
5. The data shows it's "below average" for value on Jessie Avenue. Is this a concern?
Not necessarily. This statistic means other homes on the street have higher assessed values. For a buyer, it could mean entering a desirable street at a potentially lower price point. The reason could be unit-specific (e.g., floor level, view, interior condition) rather than a reflection of the building itself.