Property Overview
This condominium at 1-6 St Mark's Place in Winnipeg's Elm Park neighbourhood presents a modern, low-maintenance living option. Built in 2014, its key appeal lies in its above-average size and value within multiple contexts. With 1,290 square feet of living space, it ranks in the top 17% on its own street and the top 22% within Elm Park, offering more room than many comparable units. Its assessed value of $35,100 also places it highly, ranking in the top 6% of its neighbourhood, suggesting a well-regarded property relative to local benchmarks. The 2014 build date means it is a relatively contemporary home, likely requiring fewer immediate updates than older stock.
The property suits buyers seeking a spacious, modern condo without the upkeep of a detached house. It’s ideal for professionals, downsizers, or small families who want the convenience of condo living but more square footage than typical units provide. A thoughtful perspective is that its strong rankings in both size and assessed value for the area indicate a property that may hold its appeal well, not just being newer but also proportionally valued. It offers a balance of being a newer construction within an established, mature neighbourhood like Elm Park.
Frequently Asked Questions
1. What does the assessed value ranking mean?
The assessed value of $35,100 ranks in the top 6% of 18 comparable properties in Elm Park and the top 18% city-wide. This generally indicates that the property is valued higher than most of its peers, which can reflect factors like its size, condition, build year, and desirability within the local market.
2. How does the living area compare to typical condos?
At 1,290 sqft, this unit is notably larger than the Winnipeg city-wide average for comparable homes (1,042 sqft). It is also above the average for both its immediate street (1,236 sqft) and the Elm Park neighbourhood (1,245 sqft), placing it in the top quarter for space.
3. Is there a basement?
The listing specifies "Basement: No," indicating this is likely a condo unit within a larger building or complex without a private basement.
4. What is the historical sale price?
The property last sold in September 2020 for $310,000. This past sale price provides a benchmark, but the current market value would be determined by present conditions.
5. The build year is 2014. What are the advantages?
A 2014 construction means the building is relatively modern, potentially featuring contemporary building standards, materials, and systems. This often translates to greater energy efficiency and fewer major repair concerns in the near term compared to much older homes.