Property Overview & Key Characteristics
This is a compact, 905 sqft apartment unit built in 1978, located in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its exceptional location and relative affordability within a highly desirable area. The property ranks in the top tier for its location, surpassing nearly all other homes in Varsity View and city-wide for its street setting. It suits first-time buyers, investors, or downsizers seeking a low-maintenance entry into a prime, central community close to the University of Manitoba. A thoughtful perspective is that while the unit itself is modest in size and age, its value is significantly anchored by the irreplaceable location, offering a lifestyle perk that outweighs the building's average rankings for size and assessed value.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For location, it's in the top 2% on its street and top 0% in its community, meaning its setting is a major strength. Rankings for size and assessed value are lower, indicating the unit itself is more modest, which is reflected in its accessible price point.
2. Is there parking or a garage?
The listing indicates there is no garage. Prospective buyers should inquire about dedicated surface parking, visitor parking, or street permit availability.
3. What are the monthly condo or maintenance fees?
This critical information is not provided in the basic data. The asking price is only part of the cost; fees for building insurance, reserves, and upkeep must be obtained directly.
4. Why is the assessed value relatively low compared to the location ranking?
The assessed value reflects the unit's specific attributes (age, size, finishes) for tax purposes. The high location ranking confirms the area's desirability, suggesting the market price may factor in this premium beyond the municipal assessment.
5. What are the pros and cons of a building from 1978?
Pros can include larger room proportions and mature, established communities. Cons may involve older building systems (plumbing, electrical) and the potential for special assessments if major repairs or upgrades are needed, underscoring the importance of reviewing condo documents thoroughly.