Property Overview & Key Characteristics
This 880 sqft condo at 3B-932 Summerside Avenue in Fort Richmond is a practical, mid-century unit built in 1978. Its appeal lies in its solid positioning as an average-to-above-average property within its immediate context. While its living area and assessed value are generally around the median for the street and neighborhood, it stands out in Fort Richmond for its year of build, ranking in the top 25%—meaning it’s slightly newer than many comparable local units. City-wide, its lower assessed value suggests it could represent a more accessible entry point into the Winnipeg market.
The unit would suit first-time buyers or investors looking for a straightforward, no-surprises property in a well-established area. It’s not a standout in size or luxury, but offers stability and relative value, particularly for someone whose focus is the specific neighborhood over maximum square footage. A thoughtful perspective is that its "average" metrics within a desirable area like Fort Richmond could indicate a lower-risk, steady investment, insulated from the volatility that sometimes affects more unique or extreme-valued properties.
Frequently Asked Questions
1. Is this condo a good value compared to others in Fort Richmond?
The data suggests it's competitively positioned. Its assessed value is near the neighborhood average, and it sold within typical price ranges in 2019 and 2021. Its slightly newer build date than many area comparables could be a subtle advantage.
2. What does the "Top 25%" ranking for Year Built in Fort Richmond mean?
This means this unit, built in 1978, is newer than approximately 75% of similar properties in Fort Richmond. For a neighborhood with many older buildings, this can imply potentially fewer immediate age-related updates compared to peers.
3. The city-wide assessed value ranking is "below average." Is that a concern?
This primarily reflects that assessed values in this specific area of Fort Richmond are generally lower than the city-wide average for all properties. Within its own neighborhood and street, its value is around the median, indicating it's priced appropriately for its location.
4. Who are the immediate neighbors?
The listing shows several other units within the same 932 Summerside Avenue complex (e.g., 1B-932, 2A-932). This indicates a multi-unit condo building, so prospective buyers should inquire about the condo corporation, bylaws, and reserve fund.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing provider offers to manually share this precise data via email upon request, at no cost and without marketing spam, typically by the end of the same business day.