Property Overview: 2-40 Quail Ridge Road, Heritage Park, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 2-40 Quail Ridge Road stands out for its modern foundation and above-average space within a well-established neighbourhood. Built in 2014, it is a notably newer property compared to most homes on its street and in the Heritage Park area, which largely date to the late 1970s. With 1,142 sqft of living area and a renovated basement, it offers more interior space than approximately 90% of comparable condos in the immediate vicinity.
The primary appeal lies in its combination of a low-maintenance condo lifestyle with the roominess and modern systems of a newer build. Its assessed value ranks in the top tier for the street and neighbourhood, suggesting a premium positioning relative to local peers. This property would best suit buyers seeking a move-in-ready home without the upkeep concerns of an older property, but who still desire more square footage than a typical condo. It’s a practical choice for professionals, small families, or downsizers who prioritize space, modern amenities, and a quiet residential setting over a downtown urban vibe.
A less obvious perspective is its potential as a strategic buy within Heritage Park. It offers the mature community and greenery of the area while bypassing the major renovation or maintenance projects often associated with its older neighbours, providing a balance of community character and contemporary convenience.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The property was last sold in July 2022 for an estimated $33.5k to $36.5k, which aligns closely with its current assessed value of $34.30k. This indicates a stable valuation in line with the recent market.
2. What does the "top 1%" ranking mean for year built?
This statistic means this condo is newer than 99% of comparable properties on Quail Ridge Road and in the Heritage Park area. Essentially, it is among the very newest homes in this specific locale, which is predominantly composed of builds from the 1970s.
3. Is the living space considered large?
Yes. At 1,142 sqft, the living area is larger than about 89% of similar condos in Heritage Park and falls around the city-wide average for all comparable homes. For a condo in this neighbourhood, it offers above-average space.
4. What are the monthly condo fees, and what do they cover?
This information is not provided in the public data. A buyer must request the condo corporation’s financial statements, bylaws, and reserve fund study to understand the fee structure, payment schedule, and what amenities or services (e.g., landscaping, snow removal, building insurance) are included.
5. The home has a renovated basement. Is this included in the living area square footage?
Typically, finished basement space is not included in the official living area (above-grade) square footage calculation. The 1,142 sqft likely refers to the main and upper levels. The renovated basement provides additional functional space but is considered a separate feature that adds value.