Property Overview & Key Characteristics
This 1,040 sqft condo at 1121 McMillan Avenue in Crescentwood presents a compelling blend of character and practicality. Its primary appeal lies in its strong positioning within a desirable, established neighbourhood. The living space is notably above average for similar homes on McMillan Avenue itself, offering more room than most direct comparables. The assessed value consistently ranks above average both on its street and citywide, suggesting a well-regarded property in the market.
Built in 1946, the home offers classic charm with the practical benefit of a renovated basement. It would particularly suit a buyer looking for a character home in a prime location without the maintenance demands of a full house. It’s also a strong fit for those who value space and established community over brand-new construction, and who appreciate a property that holds its value well relative to its peers.
Frequently Asked Questions
How does this condo’s size compare to others?
At 1,040 sqft, it is larger than most comparable condos on McMillan Avenue (ranking in the top 21%) and is very close to the citywide average for all home types.
What does the assessed value tell me?
The assessed value of $33,400k is significantly above the street average and moderately above the city average, indicating the property is consistently valued higher than many peers, which can be a positive signal for its market position.
Is an 80-year-old building a concern?
The building is older than most in Crescentwood and Winnipeg overall. This suggests classic construction and neighbourhood charm, but prospective buyers should pay close attention to the condition of major building systems and the status of the reserve fund.
The last sale was in 2021 for $32.5k? What does that mean?
That transaction likely represents a transfer of the condo unit itself, not the sale of the entire building or property. For market context, look to the 2017 sale price of $280k for the unit, understanding that the market has evolved since then.
Who is responsible for the exterior and grounds?
As a condo, the corporation is typically responsible for the building exterior, roof, common areas, and grounds. This is a key point for clarifying maintenance duties and monthly fee coverage.