Property Overview: 4-645 Kingsbury Avenue, Garden City, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 972 sqft condo unit in a well-established Garden City neighbourhood. Built in 2016, it is a relatively modern property that requires no major updates, though the basement is noted as unrenovated. Its primary appeal lies in its solid, middle-of-the-road metrics that suggest a stable and sensible investment. Compared to its immediate area, the home holds its own, but it stands out more when viewed in a wider context: its assessed value is notably above average for both Garden City and Winnipeg overall, indicating strong perceived value relative to many other properties.
This home would suit a practical, value-conscious buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize without moving into an older building. It offers the low-maintenance lifestyle of a condo with the benefit of a newer build, minimizing immediate repair concerns. A thoughtful perspective is that this property represents a "safe harbour" in the market: it’s not the most luxurious or largest, but its modern age and above-average citywide assessment provide a cushion against volatility, making it a prudent choice for those prioritizing long-term stability over flashy features.
Section 2: Frequently Asked Questions
1. How does this condo’s value compare to the surrounding area?
While its living space is around average for Kingsbury Avenue and Garden City, its assessed value is above average for both. This suggests the unit is valued more highly per square foot than many local comparables, likely due to its newer construction year (2016) compared to the neighbourhood's older average.
2. What does it mean that the basement is "not renovated"?
The listing confirms the basement exists but has not been modernized or finished. This presents both a blank canvas for future potential and a clear, upfront understanding that any finished living or storage space downstairs would be a project for the new owner.
3. Is the price trending up or down based on its sale history?
The available data shows the unit sold in 2016 and again in 2020. The sold price range increased between those two sales, which aligns with the broader market trend of that period. For precise figures, the exact sold prices are available upon request from the listing service.
4. Who is responsible for exterior and major structural maintenance?
As a condo, the corporation is typically responsible for exterior building maintenance, major repairs, and common areas. Owners pay a monthly fee for this, which covers these costs and reserves. Specifics should be confirmed by reviewing the condo corporation's status certificate.
5. Why does this property rank so much higher citywide than it does on its own street?
This highlights the diversity of Winnipeg's housing stock. While the unit is comparable to other newer builds on its street, it ranks higher citywide because it is newer and has a higher assessment than the vast number of much older homes across Winnipeg. This is a key point of value.