Property Overview: 3-610 Jefferson Avenue, Garden City, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, 650 sqft condo unit in a well-established Garden City neighborhood. Built in 1960, it is notably older than most citywide comparables. Its primary appeal lies in its exceptionally low financial barrier to entry, as reflected in an assessed value of $11,900k, which ranks in the bottom 2-4% of similar properties across all comparison levels. Recent sale history suggests a very affordable price point.
The unit suits specific, practical buyer profiles. It is an ideal candidate for a first-time buyer seeking absolute minimum entry into the housing market, an investor looking for a low-cost rental property, or a downsizer who prioritizes minimal expenses and upkeep over space. Its appeal is purely functional and financial rather than based on size, modernity, or luxury. A less obvious perspective is that such a property can offer stability and equity-building in a segment of the market less affected by broader economic swings, appealing to those with a highly conservative investment approach.
Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is significantly lower due to a combination of the unit's smaller size (below average square footage), its older age, and the specific market dynamics for this type of affordable condo in its location.
2. What does the "Top 92%" ranking for Living Area mean?
This metric means the unit's living area is smaller than 92% of comparable properties citywide. In simpler terms, it's in the bottom 8% for size, confirming it is a compact unit.
3. Who is responsible for the maintenance and repairs of the building?
As a condo, the building's exterior, common areas, and major structural elements are maintained by the condominium corporation, funded through monthly condo fees. The owner is responsible for everything within the unit's walls.
4. Are the sold prices shown the exact prices?
No. The prices shown are estimated ranges based on public data. You can request the exact historical sold prices by emailing via the provided button on the detail page.
5. What are the monthly condo fees, and what do they cover?
This information is not provided in the current data. A buyer must request the condo corporation's financial statements and bylaws to determine the monthly fees and exactly what utilities (like water, heat), building insurance, reserve fund contributions, and maintenance they cover.