Property Overview & Key Characteristics
This is a well-maintained, 1,049 sqft condo unit in the Eric Coy neighbourhood, built in 1996. Its primary appeal lies in its exceptional competitive positioning within its immediate area. The property ranks in the top tier for size and age compared to most other homes on its street and in the wider community, suggesting it offers above-average space and relative modernity for the location. Notably, it surpasses 100% of comparable properties within both its neighbourhood and all of Winnipeg in terms of lot size ranking, indicating a potentially advantageous ownership structure or building density.
The appeal is for practical, value-oriented buyers seeking a turnkey home in a established area without the maintenance demands of a house. It suits first-time buyers, downsizers, or investors looking for a unit with strong fundamentals compared to its local market. A less obvious perspective is that its high "within-neighbourhood" rankings, paired with a more modest city-wide ranking for size and assessed value, suggest it represents a smart hyper-local value—offering premium features for that specific community at a potentially accessible price point.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in three areas: its specific street, the Eric Coy neighbourhood, and all of Winnipeg. For example, ranking in the top 2% for size on its street means it is larger than 98% of its immediate neighbours, a sign of relative spaciousness.
2. The assessment value seems low relative to the size rankings. Why?
The assessed value is for municipal tax purposes and doesn't always directly correlate with market value or specific unit features. Its lower city-wide assessment ranking (top 82%) compared to its top-tier size/age rankings locally may reflect the general affordability of the area, not the unit's condition or desirability within its own market.
3. Is "no basement" a disadvantage?
For a condo, this is standard. The lack of a basement typically means lower maintenance responsibility and no risk of basement flooding, which can be a positive for buyers seeking simplicity. The ample living area (1,049 sqft) compensates for the lack of additional storage space a basement might provide.
4. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is responsible for the building exterior, common areas, and major structural elements. Owners pay a monthly fee for this, which covers these upkeep costs and often includes amenities like groundskeeping.
5. The build year is 1996. Are there major renewal concerns?
Homes from this era are modern enough to avoid some older construction concerns but are now entering a period where major building components may need planned replacement. A well-managed condo corporation will have a healthy reserve fund for projects like roof replacement, window updates, or balcony repairs. Reviewing the condo's reserve fund study and minutes is essential.