3-387 Talbot Avenue

Property Overview

This is a compact, modern condo unit at 3-387 Talbot Avenue in Winnipeg's Chalmers neighbourhood. Built in 2010, it offers 805 square feet of living space. The property has no basement, pool, or private garage. It last sold in April 2023 for $13,500 and currently carries a municipal assessed value of $15,400.

Key Characteristics & Appeal

The primary appeal of this property lies in its modern build and efficient, low-maintenance layout. Being constructed in 2010, it is significantly newer than most homes in Winnipeg and is the newest building on its block, potentially reducing immediate repair concerns. Its compact size and lack of extra upkeep (like a yard or private garage) translate to a very manageable lifestyle and lower carrying costs.

However, the context is important. While it ranks highly for its age and size on its specific street, it falls below the neighbourhood and city averages for living space, assessed value, and recent sale price. This suggests it is a modest, entry-level property in the area.

It would best suit a first-time buyer, an investor looking for an affordable rental unit, or a downsizer seeking a modern, no-fuss home. Its value proposition is straightforward: a newer building at a very accessible price point, trading space and amenities for simplicity and modern construction.

Frequently Asked Questions

1. Why is the assessed value higher than the 2023 sale price?
Municipal assessments are for taxation purposes and are based on mass appraisal models from a prior valuation date. The sale price reflects the actual market value at the time of transaction, which can be influenced by many factors, including condition, specific buyer demand, and market trends.

2. What does "below average" for the neighbourhood mean in practical terms?
The data shows that, within Chalmers, this unit has less square footage and a lower assessed value than most comparable properties. This isn't necessarily negative—it simply confirms its position as one of the more affordable and compact options in the area.

3. Are there any maintenance fees or condo fees?
The provided details do not specify this. As it is a unit within a numbered address (3-387), it is essential to determine if it is a condominium with associated monthly fees, which would impact the total cost of ownership.

4. What are the implications of having no private garage?
This means parking is likely on-street or in a shared lot. Prospective buyers should inquire about dedicated parking arrangements, winter parking bans, and general vehicle security.

5. How does its newer build (2010) compare to nearby homes?
This is a key advantage. Many nearby comparable properties were built in the early 1900s. A 2010 build likely means more modern building materials, electrical systems, insulation, and windows, which can mean greater energy efficiency and fewer major renovations in the near term.