Property Overview
This condominium at 21-109 University Crescent in Winnipeg's Montcalm neighbourhood presents a specific and compelling value proposition. Built in 2019, it is a notably modern unit within a cityscape of older homes. With 869 square feet of living space, it is compact compared to many area homes but offers a efficient, low-maintenance lifestyle. Its assessed value is positioned around the average for its immediate vicinity, suggesting it is priced consistently within its local market.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction. Being built just seven years ago, it ranks in the top 1-5% of homes for its newness both in Montcalm and city-wide. This translates to likely benefits such as contemporary building standards, newer appliances, and potentially lower immediate maintenance costs. The unit’s size, while below the area average, suits a minimalist or efficient lifestyle, possibly appealing to those looking to downsize or who prioritize location and modern amenities over square footage. It would be an excellent fit for first-time buyers seeking a modern, move-in-ready home without the upkeep of a century-old property, or for investors attracted by a relatively new asset in a central area. A thoughtful perspective is that its "below average" size for the neighbourhood might actually be a hidden perk, offering lower utility costs and less space to furnish and maintain, aligning with a simpler, more sustainable urban living model.
Frequently Asked Questions
1. How does this condo's size compare to others?
At 869 sqft, it is smaller than the average home in the Montcalm area (1,178 sqft) but is closer to the city-wide average for living area (1,042 sqft). On its own street, it ranks in the top 75%, meaning about a quarter of the comparable units on University Crescent are smaller.
2. What is the significance of the 2019 build year?
It is a very modern building. The data shows it is newer than 99% of homes in Montcalm and 95% of homes across Winnipeg, placing it in an "Elite" ranking for its age. This suggests fewer age-related issues and modern finishes.
3. Is the assessed value high for the area?
The assessed value of $242,000 is around the average for University Crescent and the broader Montcalm neighbourhood. It is not an outlier, indicating its valuation is in line with local market conditions.
4. What was the last sale price?
Public records indicate it sold between $250,000 and $300,000 in 2019. For the exact sale price, you can request the information via email from the listing service.
5. What are the immediate next-door properties like?
The listing shows several other units at 105 and 109 University Crescent as the nearest neighbours, suggesting this is part of a multi-unit condominium complex or a series of townhomes.