Property Overview: 9-2 Carriere Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, 540 sqft condo unit in Winnipeg's Glenwood neighbourhood, built in 1960. Its primary appeal lies in its affordability and efficiency, reflected in a modest assessed value. The unit ranks above average for its size and age compared to others on Carriere Avenue itself, suggesting it represents a relatively good value within its immediate building or complex. However, it is notably smaller and older than the typical Winnipeg home city-wide.
This property would suit a first-time buyer, an investor, or someone looking to downsize, prioritizing minimal upkeep and a lower financial entry point into the market. A thoughtful perspective is that while compact, its efficient use of space could appeal to those seeking a simpler, more sustainable lifestyle with lower utility costs. Its established neighbourhood offers maturity, though the building's age means potential buyers should be prepared for older building systems and common areas.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This information is not provided in the public data. A prospective buyer must request a full disclosure package from the condo corporation, which details monthly fees, the reserve fund status, and what expenses (e.g., water, building insurance, exterior maintenance) are covered.
2. How does the low assessed value impact property taxes?
A lower assessed value typically results in lower municipal property taxes, which is a financial advantage for the owner. However, it's important to distinguish assessed value from market value; the selling price could be higher based on market conditions.
3. The unit sold in 2020. What does that price range indicate?
The recorded sale in July 2020 was between $14.5k and $17.5k, closely aligning with its current assessed value. This suggests price stability in this segment, but it's essential to get the exact price and compare it to current similar listings to gauge today's market.
4. What should I consider about a building from 1960?
While the unit itself may be updated, the building's major components—like roof, plumbing, windows, and electrical systems—are likely older. Reviewing the condo corporation's reserve fund study and minutes from recent meetings is crucial to understand any planned major repairs or special assessments.
5. The listing mentions "Basement: No." What does this mean?
This indicates the unit is likely on an upper floor and does not include a basement level or any below-grade space. All living area is on one level, which can be a plus for accessibility but means no additional storage or utility space typically found in a basement.