Property Overview: 5-319 Royal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 5-319 Royal Avenue in the Jefferson neighbourhood presents a practical and value-oriented opportunity. Its key characteristic is its generous 1,200 sqft living area, which ranks well above average for similar properties on its street, in Jefferson, and across Winnipeg. This spaciousness is paired with a renovated basement, adding functional flexibility. The home was built in 1976, typical for its immediate area but older than the Winnipeg average.
The primary appeal lies in its combination of space and a below-average assessed value. The data suggests you get more square footage here relative to its official valuation compared to many city-wide counterparts. This creates a potential value proposition for budget-conscious buyers seeking room to grow without a premium price tag. It would suit a first-time buyer, an investor, or someone downsizing from a house who still desires significant living space without the maintenance of a detached property. A thoughtful perspective is that while the unit is older, its above-average size for the area could offer more potential for personalization than newer, often smaller, condos at a similar price point.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the potential purchase price?
The assessed value of $23,600 is for municipal tax purposes. While it can be a general indicator, the final sale price is determined by the market. The provided sold price history from 2021 gives a more concrete recent benchmark.
2. How does the age of the building (1976) affect this condo?
An older building means potential for older components, so a thorough inspection is advisable. However, the building's age is consistent with others on the street, and the condo fees should contribute to a reserve fund for major repairs. The renovated basement is a positive update.
3. The data shows the living area is "above average." How significant is this?
Significantly. At 1,200 sqft, this unit is larger than approximately 74% of comparable properties city-wide. This is a standout feature, offering space uncommon in many condos, which often average closer to 1,000 sqft.
4. There are multiple units at 319 Royal Avenue. What should I consider?
The listing shows several units at the same address, indicating a condo complex. It's crucial to review the condo corporation's financial health, rules (bylaws), and monthly fee structure, as these greatly impact your living experience and costs.
5. How do I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. As noted on the listing, you can request this information directly via email from the source site, which provides it manually without marketing spam.