Property Overview: 2-645 Kingsbury Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This is a 972 sqft condo unit in a well-established Garden City complex. Built in 2016, it is a relatively modern property that requires no immediate renovation work. Its appeal lies in its solid, move-in-ready condition and its strong positional value within the broader market. While the living space is average for its immediate street and city-wide, its assessed value ranks notably above average for both the Garden City area and Winnipeg overall. This suggests the property is viewed as a good value proposition relative to its neighborhood peers.
It would suit practical, value-conscious buyers such as first-time homeowners seeking a modern, low-maintenance property without the premium of a brand-new build, or investors looking for a stable rental unit in a mature neighborhood. The unrenovated basement presents a straightforward opportunity for future customization or added storage, appealing to those who prefer to tailor a space to their own needs over time.
Frequently Asked Questions
1. Is this a good value for the area?
The data indicates it is. The assessed value ranks in the top 16% for Garden City and top 29% city-wide, meaning it’s valued higher than many comparable properties, which often signals a well-regarded location or building.
2. What does the "Top X%" ranking mean for living area?
It means that for its specific peer group (e.g., on Kingsbury Avenue), 53% of comparable homes are larger and 47% are smaller. Its size is very typical for its immediate context, offering standard space without standing out as particularly large or small.
3. The basement is unrenovated. Is that a major drawback?
Not necessarily. For many buyers, an unfinished basement is a neutral or even positive feature. It means there are no questionable DIY renovations to undo, and it provides a clean slate for future finishing, extra storage, or mechanical upgrades, all without a premium price for finished square footage.
4. How current and reliable is the sold price history?
The last recorded sale was in July 2016. The provided price range is based on public data, and the exact sale price can be requested directly from the site. For an accurate current market value, a comparative market analysis from a local agent is essential, as the market has evolved significantly since 2016.
5. The unit is part of a large complex. Should I be concerned?
The presence of many nearby units with identical addresses (e.g., 3-645, 4-645) is typical of a condo or townhouse complex. It’s important to review the condo corporation's financial health, reserve fund, and bylaws to understand your fees, rules, and the long-term maintenance plan for shared elements.