Property Overview & Key Characteristics
This is a spacious, well-maintained condominium in the Edgeland neighbourhood, offering a practical and comfortable living space. Its primary appeal lies in its above-average size and established value. At 1,600 sqft, the unit provides significantly more space than the typical Winnipeg condo, ranking in the top 6% citywide. Built in 1988, it is notably newer than most comparable properties in the immediate Edgeland area. The assessed value positions it as an elite property city-wide (top 4%), suggesting a strong, recognized worth that stands out from the broader market, while being more in line with averages on its own street.
The property suits buyers looking for a roomy, no-maintenance lifestyle without the premium price tag of a newer build. It would particularly appeal to downsizers from a single-family home who don't want to sacrifice too much space, or to value-focused investors or owner-occupants who recognize the advantage of a larger unit in a stable, established building. A less obvious perspective is that its "around average" metrics on Tuxedo Avenue itself indicate it fits seamlessly within its specific building and immediate peer group, which can mean fewer surprises about fees or conditions compared to standout units in less consistent complexes.
Frequently Asked Questions
1. How does this condo's size compare to others?
It is notably spacious. At 1,600 sqft, it is larger than approximately 94% of condos across Winnipeg and is above the average size for the Edgeland neighbourhood.
2. What does the assessed value tell me?
The city assessment of $46,100 places this property in the top 4% of all Winnipeg homes for value, indicating official recognition of its worth. It last sold for $49,500 in May 2023, close to its current assessed value.
3. Is the building older?
The building was constructed in 1988. While this is not new, it is actually newer than most similar properties in Edgeland, ranking in the top 1% for year built within the neighbourhood's comparable homes.
4. Who handles exterior and grounds maintenance?
As a condominium, the corporation is responsible for exterior building maintenance, snow removal, and groundskeeping, which is a key benefit for those seeking a low-maintenance lifestyle.
5. Are there many similar units in the building?
Yes. The listing shows several other units at the same address, suggesting a medium-sized condominium complex. This can provide stability in governance and shared costs, but prospective buyers should review the corporation's financial health and rules.