Property Overview
This is a compact, 805 sqft unit at 6-387 Talbot Avenue in Winnipeg's Chalmers neighbourhood. Built in 2010, it is a notably modern property compared to many in the area. Its key appeal lies in its relative newness, low property taxes due to a modest assessed value of $15,500, and recent sale price of $15,800 (July 2022). The unit has no basement, pool, or garage.
The data presents an interesting profile: on its own street of Talbot Avenue, it ranks highly for its new build year and living area, but within the broader Chalmers neighbourhood and city-wide, it sits below average for size and assessed value. This suggests a specific niche—it’s a modern, low-maintenance option in a neighbourhood with many older, larger homes. It would suit a first-time buyer, an investor seeking an affordable rental property, or someone looking to minimize housing costs and property taxes while still acquiring a relatively recent build.
Frequently Asked Questions
What does the ranking data actually mean for a buyer?
It provides context. While the unit is smaller and has a lower assessed value than most Chalmers homes, its 2010 build year is a significant advantage on its street and city-wide, suggesting newer construction standards and potentially fewer immediate repairs.
Are there any concerns with a property that has such a low assessed value?
The low assessed value translates to very low property taxes, which is a benefit. However, buyers should ensure the valuation is in line with the market and not indicative of a specific issue. A mortgage lender’s appraisal and a thorough home inspection are crucial steps.
The unit has no garage. What is parking like?
The listing specifies no garage. Buyers should inquire about dedicated parking spots, street parking permits, or availability of a nearby lot, as this is a practical necessity in Winnipeg.
How does this condominium or strata title work?
The address format (Unit 6 at 387 Talbot) indicates a multi-unit property. It is essential to review the condo/strata fees, rules, bylaws, and the financial health of the reserve fund to understand monthly costs and lifestyle restrictions.
The home sold recently in 2022. What should I consider?
A sale just two years prior suggests a motivated seller or a changing circumstance. It’s wise to research why it’s back on the market and verify if any major changes or issues have arisen since the last sale.