2-620 St Mary'S Road

Property Overview

This 1,148 sqft condo at 2-620 St. Mary's Road in Winnipeg's Elm Park neighbourhood presents a practical urban living option. Built in 2017, it is a notably modern property within its immediate area, offering the advantages of newer construction like updated building systems and modern finishes. Its assessed value of $300k positions it as an above-average offering citywide, but it sits at a more moderate level within its own sought-after neighbourhood and street. The appeal lies in this balance: you get a contemporary, low-maintenance home in a mature, established community. It would suit a first-time buyer seeking a turnkey property, a professional wanting a convenient lock-and-leave lifestyle, or a downsizer looking for modern comforts without leaving a desirable area. A thoughtful perspective is that while its size and value are average for St. Mary's Road, its newer age is a standout feature, potentially offering energy efficiency and reduced near-term repair costs compared to many neighbouring properties.

Frequently Asked Questions

1. How does this condo's value compare to its surroundings?
Citywide, its $300k assessment is above average. However, within the Elm Park neighbourhood and on St. Mary's Road specifically, it is around or slightly below the average for comparable properties, which could be seen as a relative value within a premium area.

2. What does the building's age (2017) mean for me?
As a building only 9 years old, major components like the roof, windows, HVAC, and plumbing are likely in good condition, potentially minimizing special assessment risks for major repairs in the short to medium term compared to older condo buildings.

3. Is the living space size typical?
At 1,148 sqft, it is very close to the average size for similar homes on St. Mary's Road and citywide. It is, however, the smallest reported unit in its immediate building complex (2-620 to 6-620 St. Mary's Road).

4. What is the significance of the 2020 sale price?
The property sold for $264,000 in August 2020. This historical data is useful for understanding price trends, but the current assessed value and market conditions will be the primary drivers for its listing price today.

5. Who might this property suit best?
It's well-suited for buyers prioritizing modern construction within a mature neighbourhood. It appeals to those who want the community feel and convenience of Elm Park but prefer the updated infrastructure and design of a newer build over the character of an older home.