Property Overview & Appeal
This is a 600 sqft condominium in the established Earl Grey neighbourhood, with an address on the well-known Corydon Avenue corridor. Its key characteristic is its position as a modest, entry-level property in a desirable area. The appeal lies in its location and affordability. It sits in a building from 1955, which is notably older than most comparable properties in the city, but this is reflected in its assessed value of $150k—significantly below the Winnipeg average. For its size, it ranks below average locally and city-wide, meaning it offers compact living.
This property would suit a first-time buyer, an investor looking for a rental unit in a high-demand location, or someone seeking a low-maintenance lifestyle with the walkability and amenities of Corydon Avenue at their doorstep. It represents a trade-off: you gain location and a lower price point, but accept a smaller, older unit that may require updates. A thoughtful perspective is that its below-average metrics in a sought-after area could present a value opportunity for a buyer willing to invest in cosmetic improvements, as the land/location value is a strong underlying asset.
Frequently Asked Questions
1. Is this a good value for the area?
Based on the data, its assessed value is below the average for both Corydon Avenue and the city overall. This suggests it is priced accessibly for the location, but the lower value corresponds with its smaller size and older building age.
2. What should I know about the building's age?
Built in 1955, the building is older than the vast majority of comparable properties. Prospective buyers should pay close attention to the status of major building systems (plumbing, electrical, roof) and the condo corporation's reserve fund to understand future repair obligations.
3. Who would this property not suit?
It likely wouldn't suit buyers needing significant space, those preferring modern buildings with newer amenities, or anyone sensitive to potential higher maintenance costs associated with an older structure.
4. How does the living space compare?
At 600 sqft, the living area is compact. It ranks below average compared to other homes on Corydon, in Earl Grey, and across Winnipeg. This confirms it is a smaller unit, efficient for one or two people.
5. What is the neighbourhood like?
Earl Grey is a mature, central neighbourhood. This specific address on Corydon Avenue places you within steps of one of Winnipeg's premier streets for cafes, restaurants, and shops, offering an urban, walkable lifestyle.