Property Overview
This condominium at 1-620 St. Mary’s Road in Winnipeg’s Elm Park neighbourhood presents a practical urban living option. Built in 2017, its key appeal lies in its modern construction within an established, mature area. With 1,149 square feet of living space, it sits comfortably around the city-wide average, offering a manageable footprint without feeling cramped.
The unit’s assessed value of $29,900 positions it as an above-average value proposition city-wide, suggesting a relatively lower property tax burden compared to many Winnipeg homes. Its location on St. Mary’s Road provides direct access to major routes, while being part of a small, specific condo complex within Elm Park. This property would likely suit a first-time buyer, an investor, or a downsizer seeking a newer, low-maintenance home with a favourable tax assessment in a central location. A less obvious angle is its potential as a "set-and-forget" property—the modern build likely means fewer immediate major repairs, and its value metrics indicate a stable, middle-of-the-road investment rather than a high-risk/high-reward play.
Frequently Asked Questions
1. What does the assessed value really mean for ongoing costs?
The $29,900 assessment is notably low, especially compared to the city-wide average. This typically translates to lower annual property taxes, a significant and predictable saving over time.
2. How does the living space compare to nearby options?
At 1,149 sq ft, it’s slightly below the average for similar units in Elm Park but above the city-wide average. It offers a balanced size—smaller than some suburban condos but efficient for one or two people.
3. The building was constructed in 2017. What are the implications?
As a modern build, major components like roofing, windows, and mechanical systems should be in good condition, potentially deferring costly renovations. It’s also likely built to recent building codes.
4. The unit is on St. Mary’s Road. What should I consider about the location?
You’ll have excellent connectivity for commuting by car. However, being on a major road may mean more traffic noise compared to a side street. The immediate complex feels secluded, but the main road access is right there.
5. How does this property rank compared to its neighbours?
The data shows a mix: it’s newer than most homes on its street and in Elm Park, but its size and assessed value are around or below the average for the immediate neighbourhood. This suggests you’re buying modernity and efficiency in an area of larger, older, and potentially more expensive homes.