Property Overview: 4-40 Quail Ridge Road, Heritage Park, Winnipeg
Key Characteristics & Appeal
This 1,142 sqft condo in Heritage Park stands out for its modern foundation and above-average space. Built in 2014, it is a notably newer property in a neighbourhood with many older homes, offering contemporary systems and less immediate need for major updates. Its living area is spacious for a condo, placing it in the top tier locally. The appeal lies in this combination of a modern, low-maintenance home within a well-established area. The fully renovated basement adds functional living space.
The property’s assessed value is significantly higher than most on its street and in Heritage Park, reflecting its premium position within the local market. This isn’t just another unit; it’s a standout property for the immediate area.
It would best suit buyers seeking a modern, move-in-ready condo with more room than typical, who value being in a mature neighbourhood without inheriting an older building’s potential issues. It’s also a compelling option for those who appreciate a property with strong relative metrics (like size and age) compared to its direct neighbours, which can be a factor for long-term value.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The assessed value is $34,200k. The last recorded sale in July 2022 was between $31,500k and $34,500k, indicating the assessment is in line with the market value from that transaction.
2. What does the "Top 1%" ranking mean for this property?
For key metrics like Living Area, Assessed Value, and Year Built, this property ranks in the top 1% compared to similar properties on Quail Ridge Road and in the Heritage Park area. This means it is newer, larger, and has a higher assessed value than nearly all comparable homes in its immediate vicinity.
3. Is the basement included in the living area square footage?
The listing specifies a living area of 1,142 sqft and mentions a renovated basement separately. Typically, above-grade living area and basement space are reported separately, so the 1,142 sqft likely refers to the main and upper levels.
4. What are the monthly condo fees, and what do they cover?
This information is not provided in the available data. A direct inquiry with the property listing agent or condominium corporation is necessary to obtain the exact fee amount and a detailed breakdown of what is included (e.g., exterior maintenance, reserve fund, utilities).
5. The nearby properties listed are all very close. Is this a townhouse or apartment-style condo?
The addresses (e.g., 2-40, 1-40, 5-40 Quail Ridge Road) suggest this is likely a townhouse or row-house style condominium complex, with individual units sharing walls and situated around a private road or courtyard.