Property Overview & Key Characteristics
This modern, 1,980 sqft residence at 230 Waterfront Drive, built in 2006, offers a compelling blend of space and location within Winnipeg’s vibrant Exchange District. Its primary appeal lies in its contemporary construction paired with a highly desirable address. The home ranks in the top tier for its living area, assessed value, and overall street appeal compared to most properties in the city, suggesting a well-maintained and above-average offering for the area.
The property would particularly suit buyers seeking a low-maintenance, modern home in a central, culturally rich neighbourhood without the concerns of an older heritage building. It’s also a strong candidate for those who value statistical standing, as its metrics for size and assessed value consistently outperform the vast majority of Winnipeg homes. A less obvious angle is its potential as a comparative benchmark; with an assessed value significantly higher than many nearby heritage properties, it represents a different kind of investment in the district—one centred on modern comforts rather than historic restoration.
Frequently Asked Questions
1. What does the high ranking in "Assessed Value" for the street and neighbourhood indicate?
It shows this property’s municipal assessment is among the top 4% on its street and top 3% in its immediate neighbourhood. This typically reflects a combination of its modern build, larger size, and desirable location relative to older or smaller comparable properties.
2. The listing shows "Basement: No." Does this mean there is no lower level at all?
Correct. Unlike many Winnipeg homes, this property does not have a traditional basement. This means no potential for basement renovations or related moisture issues, but also no below-ground storage or utility space.
3. How does a 2006 build fit into the character of the Exchange District?
While the Exchange is known for heritage buildings, this 2006 construction offers a contemporary alternative. It provides the historic neighbourhood atmosphere and walkability without the maintenance or renovation challenges common to century-old properties.
4. The assessed value is $86.50k, but what would the expected market price be?
The assessed value is for municipal tax purposes and is typically lower than market value. The actual sale price is determined by the market. For reference, the "Similar Assessed Value" list shows other Winnipeg properties with the same assessment but in different neighbourhoods.
5. What can nearby property listings tell me about this area?
The nearby listings show a mix of modern builds and heritage properties, indicating a diverse streetscape. The wide range in assessed values (from $9.30k to over $460k) highlights the variety of building types, sizes, and conditions in the broader area, underscoring the importance of evaluating each property on its specific attributes.