Property Overview: 2202-1960 St Mary's Road, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 2202-1960 St Mary's Road in River Park South presents a solid, above-average offering within the Winnipeg market. Built in 2003, its 1,295 sqft living area is notably spacious, ranking within the top 20% for its neighborhood and city-wide. The property’s assessed value of $395k reflects its premium positioning, placing it well above local and city averages. Recent sale data indicates it transacted in the top 3-6% of its area for price, suggesting strong market recognition for its combination of space, modern build year, and location.
The appeal lies in its balance of modern convenience and established community. It suits buyers looking for a move-in-ready, spacious condo without the maintenance of a detached home—ideal for professionals, downsizers, or small families seeking the amenities and tranquility of the River Park South area. A thoughtful perspective is that while the unit itself is modern, the building is now over two decades old, potentially offering a sweet spot where major initial building teething issues are resolved, but significant renewal projects could be on the horizon—a factor for long-term budgeting.
Section 2: Frequently Asked Questions (FAQs)
1. How does this property compare in size and value to its neighbors?
This unit’s living area is larger than approximately 80% of similar homes in River Park South and its assessed value is higher than about 83% of them, indicating it’s a premium offering within an already desirable neighborhood.
2. What does the recent sold price range indicate?
Public data shows it sold for between $500,000 and $550,000 in April 2024. This placed it in the top 6% of sales on its street and top 3% in the broader area, confirming strong buyer demand for properties with its specifications.
3. Is the assessed value a reliable indicator of the property tax bill?
While the $395k assessment is the city’s valuation for taxation purposes, property taxes are calculated by applying the annual municipal tax rate to this value. It’s a reliable baseline, but the final tax amount can change yearly with rate adjustments.
4. The building was constructed in 2003. What should I consider about its age?
A 2003 build means major systems (roof, windows, elevators, etc.) are likely original and may be approaching their typical lifespan. A review of the condominium’s reserve fund study and minutes would be crucial to understand planning and funding for upcoming capital repairs.
5. How can I verify the exact historical sale price?
The provided sale price is a public data range. For the legally registered sale price, you must request a manual lookup from the site administrators, who will provide the exact figure via email, as MLS data is not displayed directly on the platform.