Property Overview & Key Characteristics
This condominium at 303-176 Thomas Berry Street in Central St. Boniface is a notably spacious unit within its immediate building context. Built in 1986, its key appeal lies in offering above-average square footage (1,044 sqft) for the address, ranking it first among the 14 comparable units on Thomas Berry Street. The property presents a practical, no-frills profile with no basement, garage, or pool. Its most recent sale in June 2023 was for $22,500, closely aligned with its current assessed value of $23,200.
The appeal here is grounded in value and space within a condo building, rather than luxury finishes. It suits a specific buyer: someone seeking a very affordable entry into the St. Boniface area, likely as a long-term investment or a minimalist living solution. It would fit an investor looking for a straightforward rental property, or a pragmatic first-time buyer comfortable with a basic unit who prioritizes location and interior space over amenities. A less obvious perspective is that its consistent and transparent valuation—with sale price and assessed value closely matched—reduces speculation risk and suggests a stable, if modest, asset.
Frequently Asked Questions
1. What does the ranking (Top 7%, rank 1 of 14) for Living Area mean?
It means this specific unit is the largest when compared to the 14 similar properties on Thomas Berry Street. Its 1,044 sqft is significantly above the street's average of 896 sqft for comparable units.
2. Is the low sale price indicative of a problem with the property?
Not necessarily. The price reflects the property's specific characteristics: a basic condominium unit without additional features like a garage or basement. The price is consistent with its assessed value, indicating it is likely market-rate for this type of asset.
3. Who is responsible for exterior maintenance and major repairs?
As a condominium, the building's exterior, common areas, and major structural elements are maintained by the condominium corporation. The owner is responsible for the interior of their unit. Reviewing the condo corporation's financial health and bylaws is essential.
4. What are the monthly condominium fees, and what do they cover?
This information is not provided in the public data. A buyer must obtain this directly from the condominium corporation or listing agent, as fees cover shared expenses like building insurance, common area upkeep, and reserve fund contributions.
5. How does the 1986 build year compare to the area?
The unit is newer than many homes in historic St. Boniface. On its own street, it's above average (rank 1 of 14, avg. 1986). In the wider Central St. Boniface neighbourhood and city-wide, its 1986 build date is around the local average.