Property Overview
This is a 993 sqft condominium unit built in 1981, located at 302-248 Dollard Boulevard in Winnipeg's Central St. Boniface neighbourhood. The unit has no basement, pool, or private garage. It last sold in April 2024 for $16,300 and currently holds a municipal assessed value of $19,500.
Key Characteristics & Appeal
This property presents a specific, value-oriented opportunity. Its primary appeal lies in its extremely low entry price within a well-established and historically rich neighbourhood. At nearly 1,000 square feet, the living space is practical and ranks around the average for similar units in the building and the wider city. The 1981 build date is also typical for its immediate context.
It would suit a very budget-conscious buyer, such as a first-time purchaser seeking minimal mortgage exposure, an investor looking for a basic rental unit, or someone wanting to own a stake in St. Boniface with the lowest possible capital outlay. A thoughtful perspective is that a unit at this price point in a central location can offer financial flexibility—freeing up income for travel, investment, or other life goals rather than being tied to a large mortgage. However, buyers should be prepared for a no-frills property; the lack of a garage and the below-average assessed value for the neighbourhood suggest a utilitarian building without premium features.
Frequently Asked Questions
1. Why is the sale price so much lower than the assessed value?
Recent sale prices can be influenced by many factors, including the property's condition, specific market conditions at the time of sale, and the terms of the deal. An assessment is an estimate of value for taxation purposes and may not always align directly with market price.
2. What does "below average" for the neighbourhood mean?
The data shows this unit's assessed value ranks in the bottom 30% of comparable properties in Central St. Boniface. This generally indicates it is a more modest offering within the area, which is reflected in its accessible price point.
3. Are there any monthly condo fees, and what do they cover?
This information is not provided in the available data. A critical next step would be to obtain the condo corporation's financial statements and bylaws to understand monthly fees, reserve fund status, and what common expenses (like building insurance, exterior maintenance, or groundskeeping) are covered.
4. What is the parking situation?
The listing specifies there is no private garage. Parking is likely limited to unassigned surface lot spaces or on-street parking, which should be confirmed as it is a key daily consideration.
5. How does the 1981 build date affect the unit?
While not historic, a building from this era may have undergone important updates like window replacements or common area renovations. The condition of in-suite mechanical systems (heating, electrical, plumbing) and any upcoming special assessments for major projects would be important to investigate.