This is a compact, well-established condo unit in the Betsworth area, built in 1978. With 937 sqft of living space and no basement, it offers a straightforward, low-maintenance lifestyle. Its standout feature is its exceptional competitive positioning within its immediate area. The property ranks in the top 1% of its street and top 0% of its community and all of Winnipeg for lot size, suggesting a premium, possibly more private or generously proportioned parcel of land for the condo setting. This is a rare advantage in a condo listing.
The appeal lies in this combination of a manageable, single-level footprint and a land ranking that outperforms nearly all comparable properties. It suits a specific buyer: someone seeking an affordable, entry-level home or a downsizing option without the upkeep of a house, but who still values a sense of space and a top-tier location within the neighborhood. It’s a practical choice for a first-time buyer, an investor, or a retiree, particularly given its price point is below the assessed value for most of the city. A less obvious perspective is that high land ranking can contribute to better long-term value retention and appeal, even for a condo, as it’s the one element that cannot be replicated.
-
What does ranking in the top 0-1% for "lot size" actually mean for a condo?
It indicates this specific unit's parcel of land is larger than virtually all others in its comparison group. This could translate to more green space, better distancing from neighbors, or a more substantial feel than typical condo lots.
-
The build year is 1978. Should I be concerned about major repairs or updates?
While the building is nearly 50 years old, the condo corporation is responsible for the major structural components and common elements. A careful review of the condo's reserve fund study and minutes is essential to understand the financial health and any planned major projects or special assessments.
-
Who is responsible for exterior maintenance and landscaping?
As a condo, the corporation typically handles all exterior maintenance, snow removal, and groundskeeping, which is a key benefit for those seeking a low-maintenance lifestyle.
-
The assessed value is $187,000. How should I interpret this in relation to the listing price?
The assessment is for municipal tax purposes. The listing price is set by the seller based on the current market. It's noteworthy that this assessment is higher than 90% of Winnipeg properties, suggesting the municipality attributes solid underlying value to the property.
-
Are there any monthly condo fees, and what do they cover?
Yes, condo fees are mandatory. The specific amount and what they cover (e.g., water, building insurance, common area upkeep, contributions to the reserve fund) are critical details to request, as they impact your total monthly housing cost.