Property Overview: 2-524 Cherrier Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modern, low-maintenance condo in Winnipeg's Dufresne neighbourhood. Built in 2018, it offers a move-in-ready space of 1,048 sqft with a renovated basement. Its primary appeal lies in its balance of being a newer property within a more affordable price segment. The data shows it ranks above average for size, value, and age within its immediate area, suggesting it's a standout in its local context. Citywide, it's notably newer than most homes, placing it in the top 8% by year built.
This property would suit first-time buyers seeking a modern home without the upkeep of a house, or downsizers looking for a comfortable, contemporary space. It also presents a practical option for investors, given its recent sale in 2023 provides clear, current market data. A thoughtful perspective is that while condos can sometimes feel generic, this unit’s above-average size for its street and the renovated basement offer a bit more character and utility than typical.
Section 2: Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This detail is not provided in the available data. A review of the condo corporation's financial statements and bylaws is essential to understand monthly fees, reserve fund health, and what amenities or services (like snow removal, building insurance) are included.
2. How does the assessed value relate to the expected market price?
The assessed value is $28,200 for tax purposes. It sold for $27,800 in September 2023, indicating the assessment is closely aligned with a recent market transaction. Current market conditions will determine if the listing price is above, at, or below this benchmark.
3. What is the neighbourhood like?
Located on Cherrier Street in Dufresne, the property is part of a small cluster of similar units. The presence of several nearby properties with identical or similar addresses (e.g., 1-524, 3-524) suggests a condo or townhouse complex, which typically offers a quiet, communal setting.
4. Are there any insights from the recent sale history?
The property sold in September 2023 for $27,800. This recent sale provides a transparent, up-to-date market value, reducing guesswork for buyers compared to properties that haven't traded hands in many years.
5. What does "above average" in this context actually mean?
The rankings show this condo is larger and has a higher assessed value than 75% of comparable properties on its street and in Dufresne. This means it likely offers more space and perceived value than most direct neighbours, which can be an advantage for resale within the same complex.