Property Overview
This 850 sqft condo at 201-548 Stradbrook Avenue presents a modern, low-maintenance living option in Winnipeg's McMillan neighbourhood. Built in 2014, it is notably newer than most homes in the immediate area and citywide, suggesting contemporary building standards and potentially lower near-term maintenance costs. Its assessed value ranks above average for Stradbrook Avenue, indicating it is viewed favorably relative to its direct peers.
The appeal lies in this balance of modernity and location. It suits first-time buyers seeking an affordable entry into the market, downsizers looking for a newer, manageable property without the upkeep of a century-old home, or investors attracted by a relatively modern unit in a building among much older housing stock. A thoughtful perspective is that while the living space is modest, its "above average" assessment for the street could signal better finishes, a desirable layout, or a premium position within the building that isn't captured by square footage alone.
Frequently Asked Questions
How does this condo compare in age to its neighbours?
It is significantly newer. Built in 2014, it ranks in the top 17% on its street and is an elite top 1% within the broader McMillan neighbourhood, where many comparable homes average a build year of 1957 or earlier.
Is the assessed value high for the area?
The assessed value of $27,300 is above the street average, placing it in the top 18% on Stradbrook Avenue. This suggests the property holds its value well compared to its immediate peers, though it is around the citywide average.
What does the sold price range indicate?
The 2024 sale price range of CA$200k–250k is above average for the street and area. This recent sale supports the above-average assessed value and reflects what a buyer was willing to pay in the current market.
Who might this property not suit?
It may not suit those requiring more space, as the 850 sqft living area is below the citywide average. It also may not appeal to buyers specifically seeking the classic character of Winnipeg's older housing stock, given its contemporary build.
Are there many similar units in the building?
Yes, the listing shows several other units at the same address (e.g., 202, 203, 301, 302, 303-548 Stradbrook), indicating this is a multi-unit condo building. This is useful for comparing values and understanding the building's composition.