Property Overview: 3-645 Kingsbury Avenue, Garden City, Winnipeg
Key Characteristics & Appeal
This 972 sqft condo in Garden City presents a practical, low-maintenance living option. Built in 2016, it is a relatively modern unit that requires no immediate renovation work. Its key appeal lies in its balance of space, age, and value within its context. While its living area is around the average for similar homes in Winnipeg, it stands out in the Garden City neighborhood, ranking above average for both size and assessed value compared to local peers. This suggests it offers more contemporary space for the area. The property’s assessed value of $29,800 is notably above average for Garden City and the wider city, indicating a solid perceived value.
This home would suit first-time buyers or downsizers seeking a modern, move-in-ready condo without the worries of an older building. It’s also a sensible fit for value-conscious investors or owners looking for a stable property in a neighborhood where it compares favorably against older stock. The unrenovated basement offers potential for future customization or additional storage.
Frequently Asked Questions
1. How does this condo compare to others in Garden City?
It ranks above average for the neighborhood in key metrics. It’s newer than about 77% of comparable Garden City homes, larger than about 77% of them, and has a higher assessed value than about 81% of local peers.
2. What is the likely price range based on recent sales?
The unit last sold in late 2023 for an estimated $30,500-$33,500. This sale price ranked in the top 12-19% compared to similar sales city-wide at that time, suggesting it commanded a premium, likely due to its modern build.
3. Is the basement finished?
No, the basement is noted as “not renovated,” meaning it is unfinished. This provides blank-canvas storage space or future expansion potential.
4. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. A buyer must request the condo corporation’s financial statements, bylaws, and reserve fund study to understand fee amounts and inclusions.
5. How does the assessed value relate to market value?
The assessed value ($29,800) is for municipal tax purposes. Market value is determined by current sale prices. The 2023 sale price was higher than this assessment, which is common. Buyers should rely on a professional appraisal and recent comparable sales, not the tax assessment, to determine market value.