Property Overview: 110-230 Bonner Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, compact condo unit in Winnipeg's River East neighborhood. Built in 2016, its standout feature is its age; it is among the newest properties on its street and in the immediate area, which typically suggests newer building systems, materials, and less immediate need for major repairs.
The living space is 765 sq ft, which is notably smaller than most homes on Bonner Avenue and in River East. This positions the property as an efficient, lower-maintenance option rather than a spacious family home. The assessed value of $243k is below average for the street and neighborhood, but aligns more closely with the Winnipeg citywide average. This creates a specific value proposition: you are acquiring a newer build in an established area at a price point that sits below the local norm.
Its appeal lies in this balance of modernity and affordability. It would suit first-time buyers, downsizers, or investors seeking a relatively new property with predictable costs. It’s a practical choice for those who prioritize a modern building over square footage and see value in entering a neighborhood where comparable properties are generally older and more expensive.
A less obvious perspective is that its smaller size and below-average price for the area might offer greater insulation from market fluctuations compared to the neighborhood's larger, premium-priced homes. Additionally, its "newer than everything around it" status could be a long-term advantage as the surrounding housing stock continues to age.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on Bonner Avenue?
Based on assessed values, this unit is priced below the street average. You are trading square footage for a much newer construction year. Whether that’s a good value depends on whether you prioritize modern building features over living space.
2. What does the sold price history show?
Public records indicate it last sold in 2016 for between $200,000 and $250,000. For fully verified and exact historical sold prices, a manual lookup through the site is required.
3. How does the condo fee affect the overall affordability?
The provided data does not include monthly condo fees. This is a critical factor for total cost. A newer building can sometimes have lower fees due to newer infrastructure, but this must be verified directly.
4. The living area seems small. How does the layout work?
At 765 sq ft, the floor plan will be efficient. It’s important to review the unit’s specific layout to see if the space is configured openly or divided into smaller rooms, as this greatly impacts livability.
5. Why is the assessed value so much lower than the neighbors'?
The assessed value reflects the property’s characteristics—primarily its smaller size and condominium type. Most listed comparables on Bonner Avenue are larger, detached single-family homes, which command higher values.