Property Overview: 7B-932 Summerside Avenue
Section 1: Key Characteristics & Appeal
This is an 880 sqft condo in Fort Richmond, built in 1978. Its key appeal lies in its position as a straightforward, modestly-sized property that offers a practical entry point into the Winnipeg market. The data suggests it is consistently "around average" for its immediate street and neighbourhood in terms of size, value, and age, indicating a stable, no-surprises profile in a well-established area.
The property would suit first-time buyers or investors seeking an affordable, low-maintenance option. Its assessed value sits significantly below the city-wide average for comparable homes, which could signal an opportunity for value-conscious buyers, though it may also reflect the unit’s specific features or building condition. A thoughtful perspective is that this condo represents the "middle ground" of its local market—not the newest or largest, but also not an outlier, offering a sense of predictable stability. Its recent sale history shows it trades in a lower price bracket, reinforcing its role as an accessible option.
Section 2: Frequently Asked Questions
1. How does this condo’s value compare to others?
Its assessed value of $150K is below the city-wide average for similar properties. However, within the Fort Richmond neighbourhood and specifically on Summerside Avenue, it is ranked around average, suggesting it is priced in line with its immediate surroundings.
2. What does the "around average" ranking mean for living space?
With 880 sqft, the unit provides a fairly typical amount of space for both the street and the Fort Richmond area. It is not particularly spacious by city-wide standards, but it is not unusually small for this specific locale, fitting the profile of a compact, efficient home.
3. Who might this property not suit?
Buyers looking for a newer build, significant square footage, or a property that stands above local averages may want to look elsewhere. Its appeal is geared toward practicality and entry-level affordability rather than standout features.
4. The building was built in 1978. What should I consider?
While the building’s age is typical for the street, it is above average for the Fort Richmond neighbourhood. Prospective buyers should pay close attention to the condo corporation’s reserve fund study, maintenance history, and any recent or planned special assessments for major repairs (like roofing or plumbing).
5. Why are the exact sold prices not listed publicly?
The listed sale price ranges are derived from public data. To protect precise transaction details and ensure accuracy, the exact sale prices are provided directly by request. This is a common practice to maintain data integrity while remaining transparent about available information.