Property Overview & Appeal
This well-situated condo at 994 Riviera Crescent in Winnipeg's Crescent Park neighborhood presents a practical and comfortable living space. Its key appeal lies in its strong, above-average positioning within the local market. With 1,194 square feet of living area, it offers more space than most comparable homes in the city and on its own street. This is complemented by an assessed value that also ranks consistently above average for the area, suggesting a solid foundation of value.
The property would suit a buyer looking for a move-in-ready condo that prioritizes space and established neighborhood character over new construction. It's particularly appealing for those who want a home that stands out in its immediate surroundings without a premium price tag, as it outperforms many peers on its street and in Crescent Park. A less obvious point of consideration is its year of construction (1983); while it may not be the newest build in the broader city, it is actually among the newer homes on Riviera Crescent itself, indicating a street with varied architectural eras.
Frequently Asked Questions
1. How does this condo's size and value compare to its neighbors?
The living space is larger than about 75% of comparable homes on Riviera Crescent and ranks above average within the broader Crescent Park area. Its assessed value is also in the top quarter on its street and top 22% in the neighborhood, indicating it is a above-average offering for the location.
2. What does the sale history indicate?
The property sold recently in September 2024 for $34,500. This sale price ranked in the top tier (top 11%) for the Crescent Park area at the time, suggesting strong market interest and a successful transaction.
3. Is the building age a concern?
Built in 1983, the building is 43 years old. This is around the city-wide average but is actually one of the newer builds on Riviera Crescent. Prospective buyers should focus on the condition of major systems (roof, windows, plumbing) and the condo corporation's reserve fund study to understand future maintenance plans and costs.
4. Who manages the condo corporation, and what are the fees?
This information is not provided in the public data. A buyer's agent must obtain the condo document package, which includes financial statements, bylaws, and meeting minutes, to review the health of the condo corporation, the amount of monthly condo fees, and what they cover.
5. What is the immediate neighborhood like?
The property is centrally located on Riviera Crescent, with nearby properties lining the same street. The "Similar Assessed Value" list shows comparable properties in other established neighborhoods like Varsity View, Marlton, and Betsworth, hinting that this home offers value comparable to those in other desirable Winnipeg areas.