Property Overview & Key Characteristics
This is a compact, modern condo unit in Winnipeg's Centennial neighbourhood. Built in 2012, it offers a relatively new build compared to many area homes. With 828 square feet, the living space is notably efficient for its street, ranking in the top 4% for size among comparable units on Sherbrook Street. The property has no basement, pool, or private garage.
Its primary appeal lies in its modern construction within an established urban area, offering a low-maintenance lifestyle. The very low assessed value and recent sale price point to an accessible entry point into the market. It would suit first-time buyers, investors, or downsizers seeking a newer, manageable property without the upkeep of a house. A thoughtful perspective is that while the unit is compact city-wide, it offers above-average space within its own building context, suggesting a well-utilized floor plan.
Frequently Asked Questions
1. What does the ranking data actually mean for a buyer?
It contextualizes the property against peers. For example, being in the "Top 4%" for living area on its street means this unit is significantly larger than most comparable units in the immediate building/block, which is a notable advantage in a condo setting.
2. Why is the assessed value so much lower than some nearby homes?
The assessed value reflects this specific condo unit's value, not a whole house. The comparison to a $160k average in Centennial includes all property types, primarily single-family homes. This unit's value is consistent with other condos on its street.
3. Who is responsible for exterior maintenance and major repairs?
As a condo unit, these are typically managed and covered by the condominium corporation, funded through monthly fees. Buyers should review the corporation's financial health and reserve fund study for details.
4. Is parking available?
The listing specifies "Garage: None." Parking, if available, would likely be a surface lot or street permit. Clarifying the parking situation with the condominium corporation is essential.
5. How does the 2012 build year benefit an owner?
A 14-year-old building is relatively new, potentially meaning fewer immediate major repair costs (like roof or window replacements), updated building systems, and compliance with more recent construction codes compared to century-old homes in the area.