Property Overview & Key Characteristics
This 966 sqft condominium, built in 1993, is a highly efficient and competitively positioned unit within Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its exceptional value and low-maintenance lifestyle. The property ranks in the top tier of its immediate area for size, placing ahead of 98% of homes on its street and an impressive 100% within the broader Elmhurst community, suggesting it offers more space than typical units in the vicinity. While its assessed value is modest relative to the wider market, this indicates a potentially accessible entry point into a well-established area. The unit suits first-time buyers seeking a manageable, turn-key home without yard work, or investors looking for a stable rental property in a mature neighbourhood. A thoughtful perspective is that its 1993 build year means major building components are likely original but approaching a stage where future capital improvements by the condominium corporation could be a consideration, balanced by the benefit of living in a settled building with established financial and operational history.
Frequently Asked Questions
1. What do the ranking percentages mean?
The rankings show how this unit compares to others in three geographic areas. For example, ranking in the "top 0%" for size in its community means it is larger than 100% of compared homes, indicating it is one of the most spacious units available in Elmhurst.
2. Are there any monthly condo fees, and what do they cover?
This listing does not specify monthly fees. Essential questions for the seller or property manager would be the current condo fee amount, what it includes (e.g., building insurance, exterior maintenance, reserve fund contributions), and the financial health of the condominium's reserve fund.
3. Is this a ground-level or upper-floor unit?
The unit number "307" typically indicates a third-floor unit. Prospective buyers should confirm this layout, as it affects views, noise, and accessibility, but often provides greater privacy and natural light.
4. What is the parking situation?
The listing notes no garage. It is crucial to inquire about dedicated surface parking, a rented stall, or street parking permits, as this significantly impacts daily convenience, especially in a built-up area.
5. Why is the assessed value ranking lower than the size ranking?
The unit ranks higher for its physical size than for its assessed value within the same areas. This can signal that it is perceived as a good value relative to its space, but it may also reflect factors like interior condition, specific location within the complex, or current market trends for similar units.