Property Overview: 105-1133 Portage Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance condo unit in Winnipeg's Minto neighbourhood, built in 2018. Its primary appeal lies in its contemporary construction and efficient footprint. At 784 sq ft, the living space is compact and manageable, ideal for simplifying life without the upkeep of an older property or a house.
The data reveals some compelling, less obvious perspectives. While the unit's size is below the city-wide average, its assessed value of $24,200 is notably higher than the average for Portage Avenue ($18,600), suggesting it is viewed as a premium offering on its immediate street. Its "Elite" ranking for year built in both the local and area context highlights how new it is compared to most surrounding homes, which is a significant advantage for buyers seeking modern building standards and systems.
This property would best suit first-time buyers, downsizers, or investors looking for a relatively new, turn-key condo. It’s for someone who prioritizes a modern building envelope and mechanicals over square footage, and who values a predictable cost structure (like condo fees) over the variable maintenance of a standalone home.
Section 2: Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This is the most critical question for any condo purchase. The fees impact your monthly budget and cover shared expenses like building insurance, maintenance, reserve fund contributions, and potentially some utilities.
2. How does the assessed value relate to potential market value?
The assessed value of $24,200 is for municipal tax purposes. While it provides a benchmark, the actual market value and selling price are determined by recent sales of similar units, current demand, and the unit's specific condition and view.
3. What is the building's reserve fund status?
A healthy reserve fund in a newer building like this is crucial. It indicates the corporation is planning for future major repairs (e.g., roof, elevator, exterior), which helps avoid special assessments.
4. What specific amenities does the building offer?
The listing doesn’t detail amenities. It’s important to confirm if there are features like in-suite laundry, a gym, visitor parking, or a common room, as these affect lifestyle and value.
5. What is the rental policy for the condo corporation?
This is key for investors and for any owner’s future flexibility. Some corporations have restrictions on the number of units that can be rented or require board approval for tenants.