467 Augier Avenue

Property Overview: 467 Augier Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 920 sqft condo in Glendale is a practical, no-frills property that offers solid value in a stable Winnipeg neighbourhood. Built in 1978, its key appeal lies in its affordability and renovated basement, presenting a straightforward ownership opportunity. The living space is competitively sized, ranking around average for the area, while its notably low assessed value—significantly below average for its immediate street and neighbourhood—suggests a lower property tax burden and an accessible entry point into the market.

This home would suit first-time buyers, investors, or downsizers seeking a functional space without a premium price tag. Its value is grounded in practicality rather than luxury, appealing to those who prioritize financial efficiency and a renovated living space over modern build dates or high-end assessments. A thoughtful perspective is that while the year built is older, it places the home in an established area with mature infrastructure, and its below-average assessment could be seen as a buffer against market volatility.

Section 2: Frequently Asked Questions

1. Is the low assessed value a concern?
Not necessarily. A lower assessed value typically results in lower municipal property taxes, which is a financial advantage for the owner. It reflects the municipality’s valuation, not necessarily the market sale price, and indicates this is a more affordable holding within Glendale.

2. How does the 920 sqft living area feel for a condo?
The space is practical and ranks around the neighbourhood average. The inclusion of a renovated basement likely adds functional living or storage space, making the overall footprint feel more versatile than the main-floor square footage alone might suggest.

3. What does the sold price history indicate?
The recorded sale in August 2023 fell within a range consistent with the home’s character as an affordable, older condo. This history suggests a stable, value-driven market segment rather than one experiencing rapid appreciation.

4. Who might this property not suit?
Buyers seeking a brand-new build, a high-assessment status symbol, or a home that ranks above-average in size for its immediate street may want to look elsewhere. This is a home for pragmatic needs.

5. What is the context of the "Top 88%" ranking for Assessed Value on Augier Avenue?
This statistic means the assessed value is in the bottom 12% on its own street. In this context, it’s a marker of affordability and lower taxes compared to neighbours, not necessarily of inferior condition, especially considering the basement is noted as renovated.