Property Overview
This unit at 107-1133 Portage Avenue presents a specific value proposition centered on its modern build and efficient footprint within Winnipeg's Minto neighbourhood. Built in 2018, it is a notably newer construction compared to most homes on its street and in the surrounding area. With 784 square feet of living space, the unit is compact, ranking below the city-wide average for size. However, its assessed value is strong for Portage Avenue, indicating the market recognizes the premium for its newer condition. The appeal lies in acquiring a modern, low-maintenance property without the price tag of a new-build single-family home. It would suit a first-time buyer, an investor looking for a relatively new asset, or a downsizer seeking a manageable space with contemporary systems.
Key Details & Suitability
- Key Characteristics: A 784 sqft unit in a building constructed in 2018. Its assessed value of $24,300 is above average for Portage Avenue.
- Primary Appeal: The standout feature is its age. Being one of the newest properties in the immediate vicinity means fewer immediate repair concerns and potentially lower maintenance costs. It offers a turnkey, modern living experience in a well-established area.
- Ideal Buyer Profile: This property is a practical match for budget-conscious buyers who prioritize modern infrastructure over square footage. It's also a sensible option for investors attracted by the combination of a newer building (which can be easier to tenant) and a location on a major arterial road like Portage Avenue.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It means this unit, built in 2018, is newer than 99% of the comparable properties on Portage Avenue and in the Minto area. You are effectively buying one of the newest homes in this specific locale.
2. If the living space is below average, why is the assessed value above average on its street?
The assessed value reflects more than just size. The significantly newer construction year (2018 vs. a street average from 1979) is a major value driver, as it implies modern materials, systems, and building codes, which are factored into the assessment.
3. What are the pros and cons of a property on Portage Avenue?
Portage Avenue offers excellent transit access and convenience to amenities. The trade-off is typically higher traffic noise and a less residential, more urban streetscape compared to a quiet side street.
4. How reliable are the sold price ranges shown?
The ranges are based on publicly available data. For precise historical sale prices, you must request the information directly from the provided service, which manually verifies the records.
5. What should I compare this property to when viewing?
Given its unique profile, compare it to other newer condo units in older neighbourhoods, not to older, larger houses. Focus on the condition, building systems, condo fees (if applicable), and floor plan efficiency, rather than just square footage.