Property Overview & Key Characteristics
This condominium at 670 Jessie Avenue in Winnipeg's Earl Grey neighborhood presents a compelling blend of space, modern construction, and established value. Its primary appeal lies in its generous 1,406 sqft living area, which ranks well above average for condos both in the immediate area and city-wide. Built in 2014, it offers contemporary comforts without the uncertainties of a brand-new build. The property's assessed value is notably high for the Earl Grey area, indicating a premium position within the local market.
The unit would suit buyers looking for the low-maintenance lifestyle of a condo but who need more space than typical units provide—ideal for small families, empty-nesters, or professionals wanting a home office. Its strong assessed value and above-average sale history suggest it appeals to those seeking a stable, quality asset in a mature neighborhood, rather than just a budget entry point. A less obvious perspective is that its "above-average" rankings across multiple metrics make it a straightforward, data-backed choice for pragmatic buyers who prioritize quantifiable value over flashy features.
Frequently Asked Questions
1. How does the size of this condo compare to a typical house?
At 1,406 sqft, the living area is larger than many single-family homes in Winnipeg, which average around 1,042 sqft city-wide for all property types. It provides house-like space with condo convenience.
2. What does the high assessed value relative to the area mean?
A "Top 3%" assessed value ranking in Earl Grey suggests the property is considered significantly more valuable than most comparable units in the neighborhood, often reflecting factors like its size, modern build (2014), and condition.
3. Is the building relatively new compared to others in Earl Grey?
Yes. Built in 2014, it is newer than about 90% of comparable properties in Earl Grey, where the average build year is 1974. On its specific street, however, it is around the average age.
4. What is the condo fee structure, and what does it cover?
This information is not provided in the available data. A review of the condo corporation's financial statements, reserve fund study, and bylaws is essential to understand monthly fees and included amenities (like snow removal, building insurance, etc.).
5. How does the 2020 sale price relate to current value?
The property sold for $440,000 in August 2020, a price that ranked in the top 5% for the area and city at that time. This historical data points to its premium market position, but current market conditions and updates to the unit will determine its present value.