Property Overview: 5-40 Quail Ridge Road, Heritage Park, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 5-40 Quail Ridge Road stands out for its modern foundation and above-average space within a well-established neighbourhood. Built in 2014, it is a notably newer property compared to most homes in Heritage Park and across its immediate street. With 1,142 square feet of living area and a renovated basement, it offers more interior space than approximately 99% of comparable units on Quail Ridge Road itself. The home’s assessed value is consistently in the elite tier for its immediate area, suggesting a premium valuation relative to its neighbours.
The primary appeal lies in acquiring a low-maintenance, modern property without sacrificing the character and maturity of an established community. It suits buyers who want a turn-key home with recent builds' efficiencies (like modern insulation and systems) but within a neighbourhood that feels settled. It would particularly fit professionals or downsizers seeking space and a newer building envelope without venturing to the outer suburbs, or investors attracted to a property with standout metrics in its micro-market.
A less obvious perspective is the potential for stable value. Its top-tier assessments on its street and in Heritage Park indicate it's already a leader in its peer group, which may appeal to those cautious about buying the oldest or smallest property on the block. The data suggests you're buying into the upper segment of this specific condo corridor.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The assessed value is $34,100. Public data indicates it last sold in July 2021 for an estimated range of $30,500 to $33,500. The current assessment is at or slightly above that historical sale range.
2. Is this a standalone building or part of a complex?
The listing is for a condominium. The proximity of addresses like 1-40, 2-40, 3-40, and 4-40 Quail Ridge Road suggests it is likely one unit within a multi-unit condo building or townhouse complex.
3. What does the "Top 1%" ranking mean for Living Area?
This means that, compared to other similar properties on Quail Ridge Road itself, this unit's living area is larger than 99% of them. The average comparable home on the street is about 824 sqft, making this unit (1,142 sqft) significantly more spacious within that specific context.
4. Are exact sold prices available?
The precise sale price is not published in the public data. The listing service offers to provide the exact sold price history manually via email request, stating they do not use the contact for unsolicited marketing.
5. How does it compare city-wide?
City-wide, the property is above average in assessed value (top 20%) and around average in living space (top 32%). This highlights that while it is a premium property in its immediate area, it competes in a broader, more average range across all of Winnipeg, which is typical for a suburban condo.