Property Overview & Key Characteristics
This condo unit at 6-620 St. Mary's Road in Elm Park presents a modern, low-maintenance living option with strong comparative metrics. Built in 2017, it is a newer construction that stands out in its immediate neighbourhood and along its street. Its 1,311 sqft living area is notably spacious, ranking in the top 6% for size within Elm Park and above the city-wide average. The assessed value is consistently above average for both the neighbourhood and the entire city.
The appeal lies in this combination of a modern build, generous space for a condo, and a stable, established location. It suits buyers seeking a turnkey property without the upkeep of a house, such as downsizers, young professionals, or small families who value Elm Park's central, river-adjacent location. A thoughtful perspective is that while the unit itself is modern, being part of a small, specific address (620 St. Mary's Road) with several other units suggests a more intimate, possibly quieter building environment than a large, newer condo tower. Its last sale was in 2020, indicating a potential owner who has maintained it for several years.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This information is not provided in the available data. A review of the condo corporation's financial statements and bylaws would be essential to understand monthly fees, reserve fund status, and what utilities or amenities are included.
2. How does the assessed value relate to its likely market price?
The assessed value of $33,300k is for municipal tax purposes. Market value is determined by current sale prices of similar properties. The data shows it last sold for $30,100k in 2020, and its assessed value is above average for the area, which can be a positive indicator, but a professional appraisal or market analysis is needed for an accurate current price.
3. What is the parking situation?
The listing does not specify parking details. It's important to confirm if the unit includes a dedicated parking spot(s), whether it's surface, underground, or street parking, and if there are any associated costs.
4. Is this a good investment compared to other condos?
The data suggests strong fundamentals: it's newer than most comparable homes, larger than average, and in a desirable neighbourhood. This typically supports good long-term value retention. However, investment potential also depends on market trends, the health of the condo corporation, and personal financial goals.
5. What makes Elm Park a desirable neighbourhood?
Elm Park is a mature, central neighbourhood near the Red River, known for its scenic streets, larger lot sizes, and proximity to parks, the University of Manitoba, and major routes like St. Mary's Road. This unit offers a way to access that established community without the maintenance of an older house.