Property Overview & Key Characteristics
This 1,252 sqft condominium, built in 1993, is situated in Winnipeg's Elmhurst neighbourhood. Its primary appeal lies in its exceptional competitive positioning within its immediate area. The property ranks in the top tier for its size, surpassing 98% of homes on its street and 100% within both the Elmhurst community and the entire city of Winnipeg for square footage. It also ranks highly for its relative age within the neighbourhood, being newer than 90% of surrounding homes. The assessed value is modest at $242,000, positioning it as a more accessible entry point within the market.
The unit would suit practical, value-conscious buyers such as first-time homeowners, downsizers, or investors seeking a property with strong fundamentals in a well-established area. Its standout rankings suggest it offers more space for the money compared to most local alternatives, which is a compelling, less obvious advantage over simply having a modern finish. The absence of a basement or garage points to a lifestyle favoring low-maintenance, lock-and-leave convenience.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in specific geographic areas. For example, ranking in the "top 2%" for size on its street means only 2% of homes on Grant Avenue are larger; it's a direct measure of competitive standing.
2. The community ranking for assessed value is low (top 95%). Is that a concern?
Not necessarily. It indicates the unit's assessed value is higher than only 5% of homes in Elmhurst, which could mean the broader community has many smaller or older properties. Combined with its high size ranking, it suggests you may be getting more square footage per dollar here than in many other parts of the neighbourhood.
3. Since there's no garage, is there designated parking?
The provided details do not specify parking arrangements. This would be a critical point to clarify with the condominium corporation or listing agent, as street parking or a shared lot would be the likely alternatives.
4. What are the monthly condominium fees, and what do they cover?
This information is not included in the provided data. Understanding the fee amount and what it encompasses (e.g., building insurance, exterior maintenance, reserve fund contributions) is essential for evaluating the total monthly cost.
5. The build year is 1993. What should I ask about the building's condition?
Inquire about the age and condition of major common elements like the roof, windows, and building envelope, as well as the status of the condominium reserve fund. A well-managed fund in a building of this age is crucial for covering upcoming repairs without special assessments.