Property Overview
This is a 1,239 sqft condominium located at 1-950 Dorchester Avenue in Winnipeg's established Crescentwood neighbourhood. Built in 1912, it offers above-average space for the city and sits on a property with a notably high assessed value. The unit sold in March 2025 for $48,800.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of generous interior space and a premier location. With a living area ranking in the top quarter city-wide, it offers more room than most Winnipeg homes. Its most striking characteristic is its elite-tier assessed value, ranking in the top 3% on its street and top 5% city-wide, which signals a highly desirable land value and location within a sought-after area like Crescentwood.
It suits buyers looking for character in an established, tree-lined neighbourhood who prefer the low-maintenance lifestyle of a condo. It’s particularly fitting for those who value location and land value as much as, or more than, a modern build, as the 1912 construction date means the building itself is notably older than most in the city. This isn’t a brand-new build, but a property where the value is anchored in its place.
Frequently Asked Questions
1. What does the high assessed value versus the sale price indicate?
The assessed value ($45,900) is very close to the recent sale price ($48,800). This suggests the sale was aligned with the municipal valuation, indicating a stable, high-value property without a significant premium or discount at the time of sale.
2. Is the condo fee information available?
This detail is not provided in the available data. For a property of this age and type, the condo fee is a critical factor to investigate, as it covers exterior maintenance, building insurance, and potential reserve fund contributions.
3. How does the 1912 build date affect the property?
While the building is historically older than 95% of homes in Crescentwood, it has been maintained as a viable condominium. Buyers should prioritize a thorough inspection to understand the condition of major systems, the soundness of the building envelope, and the state of the condo corporation's reserve fund.
4. Are the rankings comparing it to similar condos or all homes?
The rankings compare it to "comparable homes" in each area (street, neighbourhood, city). The criteria for what makes a home "comparable" is not defined here but likely includes property type. Its high value rankings are especially significant given the comparison pool.
5. What is the configuration of the unit?
The listing specifies it includes a basement, but the layout, number of bedrooms, bathrooms, and the nature of the basement space (finished, storage, etc.) are not detailed in this data set.