Property Overview
This 1,505 sqft condo at 5-540 Jessie Avenue offers a spacious and modern living option in Winnipeg’s established Earl Grey neighbourhood. Built in 2014, it provides a newer, low-maintenance alternative to the area’s many character homes. Its primary appeal lies in the generous living space—it ranks in the top 4% of homes in Earl Grey for size—combined with the convenience of condo living. The assessed value of $340k positions it as a premium offering within the immediate area but aligns with above-average value citywide.
This property would suit buyers seeking ample square footage without the upkeep of a detached house, such as professionals, downsizers, or small families who value the walkable, central location near amenities like Grant Park. It’s a practical choice for those who want a modern interior in a mature, tree-lined neighbourhood without taking on a renovation project.
Frequently Asked Questions
What does the condo fee cover, and what are the rules?
This is essential for any condo purchase. You’ll need to review the corporation’s financial statements, reserve fund, and bylaws to understand monthly fee inclusions (like snow removal, building insurance, or landscaping) and any restrictions on pets, rentals, or renovations.
How does the assessed value compare to the expected selling price?
The property is assessed at $340k. In today’s market, the final sale price could be higher or lower than this figure, depending on demand, condition, and recent comparable sales in the area. It’s a useful benchmark, not a guaranteed price.
Is the unit’s large size typical for the building?
Yes. With 1,505 sqft, this unit is significantly larger than the average condo in Winnipeg (1,042 sqft) and in Earl Grey (787 sqft). It’s likely one of the more spacious units in this specific complex.
What is the parking situation?
The listing does not specify. You should confirm the number and type of parking spots (underground, surface, dedicated) and whether there is additional storage or visitor parking available.
The home sold recently in November 2023. What does that mean?
A sale just a few months ago suggests a rapid resale or flip. It’s important to understand the seller’s reason for moving and to investigate whether any renovations were completed with permits, as this can affect financing and insurance.