Property Summary: 712-3000 Pembina Highway, Fort Richmond, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 685-square-foot condo unit in a well-established 1974 building on Pembina Highway. Its key characteristics are its affordability and location. The assessed value is notably low compared to averages in the area and city-wide, which translates to lower property taxes. The unit is smaller than most comparable homes, placing it in the lower percentiles for living space.
The primary appeal lies in its function as a minimal-maintenance, cost-effective entry point into the Winnipeg housing market. It suits pragmatic first-time buyers or investors seeking a straightforward rental property with low carrying costs. Its location on a major transit corridor offers convenience for commuters. A less obvious perspective is that a unit of this size and value in a 1970s building may attract buyers looking for a "blank slate" project or those who prioritize financial flexibility over space, viewing it as a strategic stepping stone rather than a forever home.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on factors including the unit's smaller size, the building's age (1974), and its specific market segment. A lower assessment typically results in lower annual property taxes, which is a key financial consideration.
2. What should I know about a building constructed in 1974?
Prospective buyers should inquire about the building's reserve fund study, the history of major repairs (like roofing, windows, or plumbing updates), and the current condominium fee structure. Buildings of this age require proactive maintenance planning.
3. How does the smaller living area (685 sq ft) compare practically?
This is a compact one-bedroom or studio layout. It's manageable for a single person or couple but requires thoughtful space planning. It ranks below average for size compared to most other condos in the city.
4. What are the implications of being on Pembina Highway?
This provides excellent access to public transit and amenities but may come with increased traffic noise. It's ideal for those who value transportation convenience and are less sensitive to ambient street activity.
5. The sold price history shows a range. How can I get the exact figure?
The exact sale price from February 2019 is not publicly displayed in detail. You can request it directly via the "Get exact sold price history" feature on the listing page, and the service provider will email it to you.