Property Overview & Appeal
This condominium at 102-969 Sherbrook Street presents a specific, value-oriented opportunity in Winnipeg's Centennial neighbourhood. Built in 2012, it is notably newer than many comparable homes in the immediate area and across the city. Its primary appeal lies in its modern building age paired with a very efficient layout, offering 794 sqft of living space which is generous for similar units on its street. The property suits first-time buyers, investors, or downsizers seeking a low-maintenance, newer condo with a historically low purchase price and property tax burden. A thoughtful perspective is that this unit offers a way to own a newer construction home without the typical price tag, though it trades off private outdoor space and garage parking. It’s a practical choice for those prioritizing fiscal efficiency and modern building systems over square footage when compared to the citywide average.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes in the neighbourhood?
The assessed value reflects this specific condominium unit, not a standalone house. It is consistently valued much lower than the neighbourhood average because it is a share of a larger building, with comparables being other condo units, not single-family homes.
2. How does the living area compare to other condos?
At 794 sqft, this unit is above average for similar properties on Sherbrook Street. However, it is below the citywide average for all home types, which includes many larger houses. For a condo, particularly in this building, the space is efficient and competitive.
3. What does the "Top 9%" ranking for Living Area on its street mean?
This statistic means that, when compared to 92 similar properties on Sherbrook Street, this unit's living area is larger than 91% of them. It ranks 8th, indicating it is one of the more spacious units in this specific local context.
4. Are there any parking or storage facilities?
The listing specifies there is no garage. Details on dedicated parking stalls, visitor parking, or storage lockers are not provided here and would be a key point to clarify with the seller or property manager.
5. What might explain the difference between the last sale price and the assessed value?
The property sold for $13,700 in September 2017. The current assessed value is $14,200. The modest increase over seven years suggests a relatively stable market for this type of unit, with assessments closely tracking recent sale prices in the building.