Property Overview & Key Characteristics
This condominium at 2-672 Jessie Avenue in Winnipeg's Earl Grey neighbourhood presents a compelling blend of space, value, and location. Its primary appeal lies in its generous 1,508 sqft living area, which places it well above average for a condo, ranking in the top 14% on its street and the top 3% within the desirable Earl Grey area. This substantial size is paired with an assessed value that also ranks highly (top 2% in Earl Grey), suggesting a strong perceived value for the space offered. Built in 2013, it is a relatively modern property that stands out as newer compared to many homes in the broader city and area.
The property would suit buyers looking for the low-maintenance lifestyle of a condo but who need or desire more square footage than typical units provide—ideal for small families, remote workers needing dedicated office space, or empty-nesters who want room for guests and hobbies without a yard to upkeep. Its strong rankings in Earl Grey specifically highlight its fit for those seeking an established, central neighbourhood with above-average amenities and property metrics.
Frequently Asked Questions
1. How does the condo fee structure work, and what is typically included?
As a condominium, this property will have a monthly fee covering shared expenses. Prospective buyers must review the corporation's financial statements and bylaws to understand what is covered (e.g., building insurance, common area maintenance, reserve fund contributions) and the fee amount, as this is a crucial ongoing cost.
2. What is the significance of the "Elite" and "above average" rankings provided?
These rankings compare this specific property against similar homes on Jessie Avenue, within the Earl Grey neighbourhood, and city-wide. An "Elite" ranking (top 1-5%) for living area in Earl Grey, for example, means this unit is significantly larger than 95% of comparable local properties, a key differentiator.
3. The last sale price in 2021 was significantly lower than in 2017. What does this indicate?
The detailed data shows a sale for $45.50k in 2021 and a prior sale for $450k in 2017. This large discrepancy strongly suggests the 2021 transaction was not a standard, arms-length market sale (e.g., it may have been a transfer between family members or a partial interest). The 2017 price is more indicative of its past market value, but current value is best determined by a professional appraisal and recent comparable sales.
4. Is the basement included in the living area, and what is its condition?
The listing specifies "Basement: No," meaning the 1,508 sqft living area does not include basement space. Buyers should clarify if there is any basement or storage space associated with the unit and what its accessibility and permitted uses are.
5. How does the year built ranking affect maintenance and potential costs?
Built in 2013, the unit is newer than most in the city (top 23%) and Earl Grey (top 18%), which can suggest fewer immediate major repairs. However, on its specific street, it ranks as the oldest among comparable properties (rank 22 of 22). This highlights the importance of a thorough inspection to understand the condition of building components that may be nearing a 10-year lifespan, such as appliances, HVAC, or roof.