Property Overview
This 1,150 sqft condo at 102-180 Tuxedo Avenue in Winnipeg's Edgeland neighbourhood presents a specific value proposition. Built in 1988, it is a notably newer building within its immediate area. The unit's assessed value is modest compared to others on Tuxedo Avenue, yet it sits above the city-wide average, suggesting a desirable location at a relatively accessible price point for the city. Its appeal lies in this balance: it offers a foothold in a established neighbourhood without the premium often associated with newer or larger units on the same street. It would suit a first-time buyer, an investor, or a downsizer seeking a lower-maintenance lifestyle in a mature area, particularly one who prioritizes location and building age over interior square footage.
Key Details & FAQs
What are the specifics of the condo fees and what do they include?
The listing does not specify monthly condo fees or what they cover (e.g., heat, water, building insurance, reserve fund contributions). This is a critical piece of financial information to request.
How does the living space compare practically?
At 1,150 sqft, the unit is below the average size for Tuxedo Avenue but is close to the city-wide average for comparable homes. This indicates a efficient layout that is typical for Winnipeg overall, but potentially more compact than some neighbouring properties.
What is the significance of the building's age in this context?
Built in 1988, the building is considered "above average" age for its street and "elite" for the Edgeland area, where many homes are older. This could mean newer building systems and potentially lower immediate maintenance costs compared to much older stock in the neighbourhood.
What does the sale history indicate?
The unit last sold in November 2020 for $320,000. This provides a recent benchmark, but market conditions have likely changed. Understanding how current asking prices compare to this last sale price will be important.
What is the immediate building environment like?
The listing shows several other units within the same address (e.g., 301, 302, 304-180 Tuxedo). This suggests a mid-sized condo complex or conversion. Inquiring about the number of units, owner-occupier versus rental ratio, and the general atmosphere of the building community is advisable.