Property Overview: 201-2033 Henderson Highway, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 201-2033 Henderson Highway in River East presents a compelling blend of modern convenience and solid value. Its key appeal lies in its relative newness, being built in 2016. This is a significant standout, placing it in the top 1% of homes for year built on its street and in the wider neighborhood. This suggests lower immediate maintenance costs, modern building standards, and contemporary finishes compared to much of the local housing stock.
With 1,101 sqft of living area, the unit is competitively sized, sitting comfortably around the average for the area. Its assessed value of $332,000 is notably above the citywide average, indicating a perception of quality and desirability. The property’s history shows stable value, having sold within the $300k-$350k range in both 2016 and 2020.
This home would suit practical buyers looking for a move-in-ready, low-maintenance property without sacrificing space. It’s ideal for first-time homeowners, small families, or professionals who value a modern building envelope and systems. A less obvious perspective is its potential appeal to downsizers from larger, older homes in the area who want to stay in the community but in a newer, more manageable property. The data suggests you are paying a premium for the building’s age and condition rather than for square footage, which is a trade-off many modern buyers prefer.
Section 2: Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This is the most critical question for any condo purchase. The provided data does not include this information. You must obtain the current monthly fee amount and a detailed breakdown of what it covers (e.g., building insurance, exterior maintenance, reserves, amenities) to accurately assess your total monthly costs.
2. How does the assessed value relate to the likely selling price?
The $332,000 assessed value is for municipal tax purposes. While it indicates the property is valued above many citywide comparables, the actual market price will be determined by recent sales of similar units, current demand, and the condo’s specific condition and financial health.
3. What is the building’s reserve fund status?
Given the building was constructed in 2016, it is relatively new. However, it is essential to review the condo corporation’s reserve fund study and financial statements to ensure healthy savings are in place for future major repairs, preventing special assessments.
4. What is the noise and traffic like facing Henderson Highway?
The unit is listed as “201,” which typically indicates a ground or second-floor unit. Being on Henderson Highway, a major arterial road, potential traffic noise is a consideration. Requesting a viewing at different times of day is advisable to gauge this personally.
5. Are there any pending special assessments or major projects?
Even newer buildings can have issues. A status certificate review is mandatory to uncover any planned major projects (like balcony repairs, roof work, or parking lot resurfacing) that could result in a special fee levied on owners in the near future.