Property Overview
This 1,042 sqft condo, built in 1978, is situated in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its exceptional relative rankings within its immediate area. It ranks in the top 2% of its street and the top 0% of both its community and all of Winnipeg for lot size, suggesting a spacious and well-proportioned unit that is rare for its location. While the building itself is nearly 50 years old, it ranks newer than most comparable properties in its direct vicinity. The property suits value-conscious buyers looking for a spacious, established condo in a central academic community, particularly those who prioritize square footage and a sense of space over brand-new finishes. It's a practical choice for someone who understands that in a desirable, mature neighbourhood, you often trade the age of the building for location and interior space.
Key Details & Questions
What are the key characteristics?
The unit is 1,042 square feet with no basement or garage. It was built in 1978 and has a municipal assessed value of $201,000. Its standout feature is its strong performance in size-based rankings compared to nearby properties.
Where does its main appeal lie?
Its appeal is rooted in offering above-average space in a sought-after neighbourhood. The fact that it surpasses nearly all local comparables in lot-size ranking indicates a unit that likely feels more substantial and less cramped than many modern condos, all within the established, tree-lined Varsity View community.
Who would this property suit best?
It would suit a first-time buyer, downsizer, or investor looking for a spacious, no-fuss condo in a central location. It’s ideal for someone who values practical square footage and community character over having a brand-new building or extensive amenities like a pool or underground parking.
What do the rankings actually mean?
The rankings show how this property compares to others in three geographic circles: its street, the Varsity View community, and all of Winnipeg. For example, ranking in the "top 0%" for size in the community means it is larger than 100% of the comparison properties, making it one of the most spacious units in the area.
Why is the assessment value ranking lower than the size ranking?
The assessment value ranks lower because it reflects the city's valuation for tax purposes, which considers factors like the building's age, condition, and market trends. The disconnect suggests the unit may offer a value opportunity—providing more space for the dollar compared to newer builds—but also implies the finishes and systems may be original or dated.