Property Overview
This is a well-positioned condominium at 18-480 Chalfont Road in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in offering above-average space and value within a mature, low-maintenance building. The 1,426 sqft living area is notably larger than most comparable properties in the immediate area, city-wide, and especially within Elmhurst, where it ranks in the top 3%. It features a renovated basement, adding to its functional space.
The home suits practical buyers looking for roominess without the upkeep of a house, such as downsizers seeking a spacious condo or first-time buyers prioritizing square footage. Its elite assessed value ranking in Elmhurst (top 1%) suggests it is a premium property within its specific condo community, offering a sense of value retention. A thoughtful perspective is that while the building itself is of average age for the city, this unit’s superior size and condition within that framework represent a smart optimization—you get the benefits of established infrastructure without compromising on interior space or modern updates.
Frequently Asked Questions
1. What does the "Elite" or "Top X%" ranking mean for the assessed value?
It means this unit's municipal assessed value is higher than nearly all comparable condos in Elmhurst (top 1%) and city-wide (top 2%). This typically indicates the property is considered more valuable than the norm, which can be positive for equity, though municipal assessment is not a direct marker of market sale price.
2. How does the living area compare to nearby properties?
At 1,426 sqft, this unit's living area is significantly larger than the averages for similar homes on its street, in Elmhurst, and across Winnipeg. On Chalfont Road itself, it ranks 1 out of 18 for size.
3. What is included in the "renovated basement"?
The listing confirms the basement is renovated but does not specify the scope. This should be clarified with the seller or listing agent to understand the finishes, permitted uses, and whether it includes additional living space, bedrooms, or amenities.
4. Are there any concerns with a building from 1997?
A 29-year-old building is average for Winnipeg. The key considerations are the status of the condo reserve fund and any recent or upcoming special assessments for major repairs (e.g., roofing, windows, balconies), which are standard due diligence questions for any condo purchase.
5. The last sale was in March 2022 for $62,800. How is the current price positioned?
The 2022 sale price provides historical context. The current asking or list price (not provided in this data) would need to be evaluated against recent 2024 sales of comparable units, the condo's financial health, and any upgrades made since that last sale.