Property Overview
This 1,048 sqft condo at 3-524 Cherrier Street in Winnipeg's Dufresne area presents a practical, low-maintenance living option. Built in 2018, it is a relatively modern unit with an unfinished basement, offering space for future customization or storage. Its key appeal lies in its balance of being newer construction within a stable, established neighborhood. The living space is notably above average for similar properties on its street and in Dufresne. With an assessed value that sits around the middle range locally but above the citywide average, it represents a grounded investment.
The property would suit first-time buyers seeking a modern, move-in-ready home without the upkeep of a house, or downsizers looking for a manageable space with room for storage or a future project in the basement. Its recent sale history shows steady appreciation, suggesting it's in a stable micro-market. A thoughtful perspective is that while the unit itself is modern, being part of a small, tight-knit row of homes on Cherrier Street may offer a stronger sense of community than a large, anonymous condo complex.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This information is not provided in the available data. A buyer must review the condo corporation's status certificate for detailed fees, bylaws, reserve fund status, and what expenses (e.g., exterior maintenance, building insurance, common areas) are covered.
2. Is the basement included in the square footage?
No. The listed living area of 1,048 sqft refers to the finished, above-ground space. The basement is separate, unfinished, and provides additional raw space.
3. How does the assessed value relate to the likely sale price?
The assessed value ($27,700) is for municipal tax purposes and is typically much lower than market value. The recent sale in June 2024 was for $310,000, which is the relevant indicator of current market value.
4. What does the sales history tell us?
The property sold for $250,000 in February 2019 and $310,000 in June 2024. This indicates strong appreciation over a 5-year period, reflecting both market trends and the desirability of this specific unit and location.
5. The data shows it ranks highly for year built. Why is that important?
A build year of 2018 means major components like the roof, windows, appliances, and mechanical systems are likely still within their expected lifespans, potentially reducing near-term repair costs and maintenance worries for a new owner.