Property Overview: 1B-932 Summerside Avenue, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This 880 sqft condominium, built in 1978, presents a practical and affordable entry point into the Fort Richmond neighbourhood. Its key appeal lies in its financial accessibility, underscored by a notably low assessed value that places it well below the Winnipeg city-wide average. This translates to predictable and manageable property taxes, a significant long-term benefit. The living space is competitively sized for the immediate area, offering comfortable functionality without premium square-footage costs.
The property suits first-time buyers or investors seeking a low-cost holding in a stable, university-adjacent community. Its value proposition is straightforward: it’s a cost-effective housing solution in a desirable location, prioritizing financial efficiency over luxury or modern finishes. A thoughtful perspective for a buyer is to see the below-average assessed value not just as a reflection of the unit’s age or condition, but as a structural advantage that insulates ownership costs, making the overall cost of living here potentially lower than in a newer, similarly-priced condo with a higher assessment.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly below the city-wide average, which strongly suggests lower annual property taxes compared to many other condos. It indicates this is a financially efficient choice, though it may also reflect the building’s age or typical unit features for this complex.
2. How does the living space compare to other condos?
At 880 sqft, it is slightly above average for similar units on Summerside Avenue and typical for the Fort Richmond area. It provides a practical amount of space without commanding a premium for extra square footage.
3. The building was built in 1978. What should I consider?
While the building is older, its construction date is actually above average for the Fort Richmond neighbourhood itself. This suggests the surrounding community is well-established. Essential due diligence should focus on the condo corporation’s reserve fund study, recent special assessments, and the condition of major building systems (roof, windows, plumbing) to understand future financial obligations.
4. Who are the most likely neighbours?
Given the proximity to the University of Manitoba, Fort Richmond often has a mix of students, academic staff, and long-term residents. The multi-unit nature of 932 Summerside Avenue means your immediate neighbours will be other condo owners or tenants.
5. The sold price history shows ranges. How can I get the exact figures?
The exact sale prices are not publicly listed in detail. As noted on the detail page, you can request this information directly via email from the source, SaveOnHouse, which provides the data manually without using your email for unsolicited marketing.