Property Overview: 4-385 St Anne's Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 760 sqft condo unit in the Lavalee neighbourhood, built in 1973. Its most defining characteristic is its exceptionally low financial footprint. The assessed value is notably below averages for the street, area, and city-wide, placing it in the top 1-3% of least expensive properties in these comparisons. This translates to very low property taxes, which is a significant, ongoing cost advantage.
The appeal lies squarely in affordability and practicality. It suits first-time buyers seeking a minimal entry point into the market, investors looking for a low-cost rental property with a stable baseline, or downsizers prioritizing fixed, low housing costs over space. The unit is smaller than most comparable homes, which is a trade-off for the low carrying costs. A less obvious perspective is that, within its immediate condo complex on St. Anne's Road, it is one of the oldest units, which may imply a well-established strata but also potential for older building systems. Interestingly, within the broader Lavalee area, its 1973 build date is actually older than most peers, suggesting the immediate complex is a mature pocket within the neighbourhood.
Section 2: Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical question, as condo fees can significantly impact the true affordability. The listing data does not include this information; it must be obtained directly from the property listing or condo corporation.
2. Why is the assessed value so much lower than surrounding properties?
The unit's below-average size and 1973 build date are primary factors. Assessed value is based on market value for taxation purposes, and this combination results in a low valuation compared to newer, larger homes.
3. What was the exact historical sale price?
Public data shows a sale in November 2017 for an estimated range of $12.5k to $15.5k. The exact price is not publicly disclosed, but can be requested directly from the website providing this data.
4. Is this a good investment for a rental property?
Given the low assessed value and purchase price, the barrier to entry is low, which can improve cash flow potential. However, viability depends entirely on the purchase price, condo fees, market rental rates, and the building's rules on rentals.
5. What should I investigate about the condo building's condition?
Given the age (53 years), a prospective buyer should review the condo corporation's reserve fund study and minutes from recent meetings to understand the financial health of the building and plan for any major repairs (e.g., roof, plumbing, building envelope).