Property Overview: 109-1133 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, offering a move-in-ready space without the concerns of an older building. At 784 sq ft, the living area is compact and efficient, ranking below average for size on Portage Avenue but closer to the average for the immediate Minto area. This suggests a practical, no-fuss layout.
A standout feature is its assessed value of $24,300, which is notably above average for Portage Avenue. This indicates that, compared to many neighbouring properties, it is viewed as a higher-value asset, likely due to its newness. The unit last sold between 2020 and 2025 for an estimated $200k-$250k.
This property would best suit a first-time homebuyer, a downsizer, or an investor seeking a modern, low-upkeep property in a central location. It’s ideal for someone who prioritizes newer building systems and predictable costs over expansive square footage. A less obvious perspective is that its above-average assessment on a street with many older properties could signal stronger long-term value retention in its immediate micro-market, even if the unit itself is not the largest.
Section 2: Frequently Asked Questions
1. What are the condo fees, and what do they cover?
The listing data does not include monthly condo fee information. This is a critical detail to request, as fees impact overall affordability and cover shared expenses like building insurance, maintenance, and potentially some utilities.
2. How does the assessed value compare to the likely selling price?
The assessed value for tax purposes is $24,300, which is not a market price. The last recorded sale was in the $200k-$250k range. Market price is determined by current conditions, unit updates, and comparable sales.
3. What is the neighbourhood (Minto) like?
Minto is a central Winnipeg neighbourhood. The data shows that, for a unit of this size, it is fairly typical for the area. Prospective buyers should visit to gauge the specific feel of this part of Portage Avenue, considering factors like traffic, amenities, and the mix of residential and commercial properties.
4. The living area is ranked "below average" city-wide. How will that affect me?
This ranking means the unit is smaller than many homes across Winnipeg. For the right buyer, this translates to lower utility costs, less space to maintain, and potentially a more affordable entry point. It’s a trade-off that emphasizes efficiency over spaciousness.
5. Where can I see more details about nearby properties for comparison?
The listing suggests using the "Open neighbourhood map analysis" tool. This would allow you to visually compare this unit’s year built, size, and value against immediate neighbours and similar buildings on Portage Avenue.