Property Overview
This is a 1960s-era, 850 sqft condominium located at 1-610 Jefferson Avenue in Winnipeg's Garden City neighborhood. Its key appeal lies in being an affordable entry point into the Winnipeg market, particularly for those seeking a low-maintenance lifestyle. The condo's assessed value is notably low compared to city-wide averages, which translates to lower property taxes—a significant, ongoing cost saving. The living space is practical and roughly average for similar units in the immediate area.
It would best suit first-time buyers, investors looking for a rental property with a lower cost basis, or downsizers prioritizing budget certainty and freedom from yard work. The older building year suggests potential for dated interior features, but also represents a character-filled alternative to newer builds. A thoughtful perspective for a buyer here is to weigh the upfront affordability against the condo corporation's health and reserve fund, as older buildings may have higher fees or special assessments for major repairs.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This information is not provided in the public data. You must request the condo corporation's financial statements and bylaws to understand the monthly fees, what utilities or amenities they include, and the status of the reserve fund.
2. Is this a good investment?
With a historically low sold price and assessed value, it offers a low barrier to entry. Its appeal as a rental would depend heavily on the monthly condo fees and the rental rates for similar units in Garden City. The low taxes are a consistent financial advantage.
3. How does the "below average" assessed value affect me?
A below-average assessed value primarily means you will pay lower municipal property taxes than owners of comparable homes city-wide. It does not directly dictate the selling price, which is set by the market.
4. What should I specifically check due to the building's age?
Given the building was constructed in 1960, it is crucial to investigate the condition of major building systems (roof, windows, plumbing, electrical), the insulation and energy efficiency, and whether the condo corporation has a plan and sufficient reserves for updating these elements.
5. The data shows several units at the same address. What is the building like?
The listing shows multiple units at 610 Jefferson Avenue, indicating this is likely a low-rise apartment-style condo building. You should visit to assess the common areas, soundproofing between units, parking situation, and overall building maintenance.