This is a well-maintained, no-fuss condo unit in the Betsworth area, built in 1978. With 937 square feet of living space, it offers a practical layout for everyday life. The property stands out for its exceptional value positioning within its immediate surroundings. Data shows it ranks in the top 1% of homes on its street for lot size and holds a perfect #1 ranking within its broader community for this metric, suggesting a well-situated and potentially spacious feel for a condo.
Its appeal lies in its proven affordability and stability. With a recent sale in July 2022 at $236,000 and a current assessed value of $193,000, it represents a clear entry point into the Winnipeg market. The building’s age places it solidly in the middle range compared to neighbors, indicating an established, mature complex. This unit would suit first-time buyers seeking a manageable and cost-effective home, or downsizers looking to simplify without compromising on space relative to other condos. A thoughtful perspective: its high "lot size" ranking in a condo setting might imply valuable green space, better parking, or a less crowded footprint, which are subtle but desirable perks not always found in affordable segments.
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What does the "lot size" ranking mean for a condo?
While you don't own the land individually, a high ranking suggests the entire condo corporation's property is sizable relative to others. This often translates to more generous common grounds, better parking availability, or greater distance between buildings.
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Is the drop from the 2022 sale price to the current assessed value a concern?
Not necessarily. Assessed values for taxation purposes don't always align perfectly with market sale prices. The 2022 sale establishes a recent market benchmark, while the assessment is an administrative valuation. It's wise to research current comparable sales in the area.
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What are the monthly condo fees, and what do they cover?
This crucial information is not listed in the provided data. A direct inquiry to the listing agent or property manager is essential to understand the fee structure and included amenities (like exterior maintenance, snow removal, or reserve fund contributions).
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The home is older; what should I check regarding maintenance?
Given the building's age, inquire about the health of the condo corporation's reserve fund and any recent or upcoming special assessments. Asking about the age of major building components (roof, windows, heating system) is also prudent.
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How does the lack of a garage or basement affect livability?
This emphasizes efficient use of the 937 sq ft interior space. Buyers should consider their storage needs. The high lot size ranking may offer ample outdoor parking, but secure, private storage for items typically kept in a basement will need to be planned for within the unit.