Property Overview: 3-455 Osborne Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, 470 sqft condominium in the Lord Roberts neighbourhood, built in 1962. Its key characteristic is its position as an accessible entry point into the vibrant Osborne Village area. The appeal lies in its below-average assessed value and purchase price, offering a rare opportunity for cost-effective urban living in a highly desirable location. It suits first-time buyers, investors seeking a rental property in a high-demand area, or downsizers prioritizing location and simplicity over space. A less obvious perspective is that its smaller size and older building date may translate to lower monthly condo fees compared to newer, amenity-heavy buildings, keeping total ownership costs manageable. The data shows it ranks below average in size and value compared to most city-wide properties, which directly defines its niche: it’s for those who value the neighbourhood experience more than the unit itself.
Section 2: Frequently Asked Questions
1. What are the likely condo fees, and what do they cover?
This information is not provided in the public data. You must request the condo corporation’s status certificate for details on monthly fees, reserve fund health, and what utilities or services (like water, building insurance, or exterior maintenance) are included.
2. Is this a good investment for a rental property?
Given its location in Osborne Village, rental demand is typically strong. Its lower price point could offer a better cash flow potential relative to purchase price compared to larger units in the same area, but profitability depends heavily on the condo fees, property taxes, and current rental rates.
3. How does the 1962 build year affect the unit?
While the building is older, the individual unit may have been updated. The older build year primarily signals that you should pay close attention to the engineering report in the status certificate regarding the building’s envelope, plumbing, and electrical systems, and the adequacy of the reserve fund for major repairs.
4. The sold price history shows a range of $100k-$150k for 2022. Why is it so broad?
The public data only provides estimated sale ranges. To understand the exact sale history and assess price trends accurately, you need to request the precise sold price data directly from the listing service.
5. The unit ranks low in size compared to the city. Is it livable for one person?
At 470 sqft, it is a small, efficient space. It is perfectly livable for a single person or couple comfortable with a minimalist lifestyle. Its livability will depend entirely on a functional layout and smart storage solutions, which should be a priority during a viewing.