3-40 Quail Ridge Road

Property Overview: 3-40 Quail Ridge Road, Heritage Park, Winnipeg

Section 1: Key Characteristics & Appeal

This condominium at 3-40 Quail Ridge Road stands out for its modern build date (2014) and generous living space within its context. At 1,142 sqft, it offers significantly more room than most comparable units on its street and in the Heritage Park area, placing it in the top tier for size locally. The property’s assessed value is notably high for its immediate surroundings, suggesting it is considered a premium offering within this specific condo community.

Its primary appeal lies in offering a relatively new, low-maintenance condo lifestyle with the space often found in older townhomes or apartments, but without the associated renovation needs. The basement, while unrenovated, provides valuable storage or future potential.

This home would best suit a buyer looking for a move-in-ready, spacious condo in a well-established neighbourhood like Heritage Park. It’s ideal for those prioritizing modern building systems (12 years old) and above-average square footage over having a recently updated basement. The strong assessed value metrics indicate it may also attract buyers viewing it as a solid, long-term holding within its niche market.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to nearby properties?
The assessed value reflects the combination of its modern construction year (2014) and its larger-than-average living area for a condo in this specific area. It is being compared to many older, smaller units, which positions it as a premium property within this localized market.

2. What does the "Top 1%" ranking for Living Area mean?
This statistic means that, among 317 comparable properties on Quail Ridge Road, this unit’s living area is larger than 99% of them. It highlights that this is an exceptionally spacious unit for this particular condo complex or street.

3. Is the unrenovated basement a drawback?
Not necessarily. It provides functional storage or utility space as-is. For some buyers, an unrenovated basement is preferable, as it allows for customization to their own taste and needs without paying a premium for a finished style they might later change.

4. How current and reliable is the sold price history shown?
The sold price range (e.g., $30.50k ~ $33.50k in 8/2024) is based on public data, which can sometimes be incomplete or approximate. The listing service offers to provide the exact sold price via email upon request, as this information is verified manually.

5. Who is responsible for exterior and grounds maintenance?
As a condominium, these duties are typically handled by the condo corporation, with costs covered by monthly condo fees. A prospective buyer should review the corporation’s financial statements and bylaws to understand the fee structure, reserve fund, and specific rules.