Property Overview
This is a well-positioned condominium in North St. Boniface, offering a blend of modern convenience and strong investment metrics. The unit stands out for its above-average size and significantly above-average assessed value compared to broader Winnipeg benchmarks.
Key Characteristics & Appeal
The unit at 201-680 Tache Avenue is a 1,400 sqft condominium built in 2015. Its primary appeal lies in its generous living space, which ranks within the top 18-21% of comparable properties in its immediate area and street. More notably, its assessed value of $496k places it in the elite top 3% citywide, indicating a premium valuation relative to the Winnipeg average. This suggests a property that is both sizable and considered desirable by the market assessor. The building itself is relatively new, reducing immediate concerns over major system replacements.
This property would suit buyers looking for a low-maintenance lifestyle without sacrificing square footage, potentially including downsizers from larger homes who don't want to compromise on space, or professionals seeking a modern, turn-key residence in a historic and well-established neighbourhood. The data implies it may appeal to those who view a home as a long-term asset, given its value stands significantly above city norms.
Frequently Asked Questions
1. How does the assessed value compare to likely selling price?
The assessed value of $496k is for municipal tax purposes and is not a direct indicator of market price. However, its ranking in the top 3% citywide signals it is a high-value property. The last recorded sale was between $500k-$550k in June 2019.
2. What does the "elite" ranking for value mean practically?
While it denotes a premium property, it also means your property tax bill will be based on this higher valuation. It's a sign of perceived value but comes with a corresponding annual cost.
3. Is the building mostly owner-occupied?
The listing shows several other units within the same address (e.g., 202, 203, 504, 505), indicating a multi-unit condominium complex. The owner-occupant versus rental ratio would be an important question for the condominium corporation.
4. What are the condo fees and what do they cover?
This critical information is not provided in the data summary. Prospective buyers must obtain a full disclosure package from the condominium corporation to understand monthly fees, reserve fund status, and what amenities or costs (like heat, water, building insurance) are included.
5. How can I verify the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service via email to provide verified transaction history for this specific property.