Property Overview: 28-109 University Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 28-109 University Crescent in the Montcalm neighbourhood presents a compelling blend of modern convenience and practical value. Its primary appeal lies in its exceptional newness; built in 2019, it is among the newest properties on its street and in its immediate area, ranking in the top 1-5% locally. This translates to fewer immediate maintenance concerns and modern building standards.
With 958 square feet of living area, the unit offers above-average space for its specific street (ranking in the top 25%), providing a comfortable footprint that is efficient without feeling cramped. Its assessed value is consistent with the local market, positioning it as a stable, mid-range investment within the context of University Crescent and Montcalm.
This property would best suit first-time buyers or downsizers seeking a low-maintenance, modern home in a central Winnipeg neighbourhood. It’s also a practical choice for value-conscious investors attracted by the relatively new construction, which may appeal to tenants looking for a contemporary rental. A thoughtful perspective is that while its size is generous for the street, it is slightly below the area average, suggesting a smart use of space rather than sprawling square footage—an efficient layout could be a key feature.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for year built actually mean?
It means this property is one of the very newest in its comparison groups. On its street (University Crescent), it ranks #1 out of 32 homes for being new. In the broader Montcalm area, it's also #1 out of 358, indicating it's a rare, recently built option in an established neighbourhood.
2. How does the living area compare to typical Winnipeg homes?
At 958 sqft, it is very close to the city-wide average (1,042 sqft). However, it is notably larger than the average home on its own street (926 sqft), meaning you get more space than most of your immediate neighbours.
3. What is the recent sales history?
The unit sold previously in 2019 (for an estimated $250k-$300k) and again in 2021 (for an estimated $200k-$250k). The exact prices are not publicly listed, but the available range history can be requested directly from the listing service.
4. What are the ongoing costs likely to be?
While the provided data focuses on value and size, a condominium fee is almost certainly applicable. Prospective buyers must inquire about the monthly condo fee amount and what it covers (e.g., building insurance, exterior maintenance, reserve fund contributions), as this significantly impacts the total cost of ownership.
5. How does the assessed value relate to market price?
The assessed value of $25,400 is for municipal tax purposes. It is a standardized valuation by the city and is typically different from the current market price, which is determined by buyer demand, condition, and recent sales of similar properties. It serves as a useful benchmark for comparing the property's tax load against others.