Property Overview
This 1,360 sqft condominium, built in 1996, is situated within a well-established complex at 2680 Portage Avenue in Winnipeg's Birchwood area. Its primary appeal lies in a combination of relative value and a highly desirable location within its immediate context. The data indicates it ranks in the top tier for its street and neighbourhood in terms of lot size and is newer than most homes on its block. With an assessed value of $350,000, it presents as a competitively priced unit for the area. This property would likely suit a first-time buyer, a downsizer, or an investor seeking a low-maintenance home in a mature, centrally-located neighbourhood without the upkeep of a standalone house. A less obvious point of consideration is that its high percentile rankings within its specific micro-location (street and neighbourhood) suggest it may be one of the more premium units within this particular complex, potentially offering better views, layout, or positioning than its immediate neighbours.
Frequently Asked Questions
1. What are the monthly condominium fees, and what do they cover?
This is the most critical financial question for any condo purchase. The listing does not include this information, so a buyer must obtain a current condo corporation budget and status certificate to understand the fees, reserve fund health, and what amenities or costs (like building insurance, exterior maintenance, or common utilities) are included.
2. Is this a pet-friendly building?
Condominium bylaws vary greatly regarding pet ownership, including restrictions on size, breed, and number of animals. This specific policy for 2680 Portage Avenue must be confirmed directly with the condominium corporation.
3. How does the "top percentile" ranking work?
The rankings (e.g., "Top 4% on street") are comparative metrics within the specified geographic area. For example, being in the top 4% for land area on its street means this unit's lot size is larger than 96% of other properties on the same street. It's a useful tool for understanding how this property compares to its direct neighbours and competitors.
4. The last sale was in 2018 for $312,000. Why is the assessed value now $350,000?
The assessed value is a municipal valuation for property tax purposes and can differ from market value. The increase since 2018 likely reflects general market trends and specific improvements. A current market appraisal or comparative market analysis (CMA) from a realtor will provide a more accurate picture of its present worth.
5. What is the parking situation?
The listing notes "Garage: None." Prospective buyers should inquire about dedicated surface parking spots, visitor parking availability, and whether there are options to rent or purchase a parking space from another owner within the complex.