Property Overview: 201-488 Henderson Highway, Winnipeg
Key Characteristics & Appeal
This is a 1,200 sqft condominium built in 2011, located on Henderson Highway in the Kildonan Drive area. Its primary appeal lies in offering above-average space for a condo, ranking in the top 28% for living area on its street and the top 12% within its immediate area. Being only 15 years old, it is a notably newer building compared to most comparable properties in Winnipeg, which often date back to the 1990s. The assessed value is around the city-wide average, suggesting the space and modern age may offer relative value.
The property would suit a practical buyer looking for a low-maintenance condo lifestyle without sacrificing square footage. It’s ideal for someone who prioritizes interior space and a more recent build over a premium location or high-end finishes, as the assessed value is modest relative to the living area. A thoughtful perspective is that this unit may represent a balance—it offers the modern building standards and efficiency of a 2011 construction, which can mean fewer immediate repair concerns, paired with a functional amount of room that is harder to find in newer condo developments.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
This information is not provided in the public data. You will need to request the condo corporation’s financial statements and bylaws to understand the monthly fees and included amenities (like heat, water, building insurance, or reserve fund contributions).
2. Is the unit affected by traffic noise from Henderson Highway?
As a unit facing or located on a major arterial road, some level of traffic noise is likely. This is a trade-off for the convenience of the location. Requesting a viewing at different times of day is advisable to assess this personally.
3. Why is the assessed value relatively average despite the larger size and newer build?
Assessed value is for taxation purposes and considers many factors, including the specific condo complex, unit orientation, and recent sales of similar properties. The data shows its value is typical city-wide, which may indicate the building or location isn’t in a premium segment, allowing the space and age to be its standout features.
4. What do the recent sold price ranges indicate?
The data shows it sold for between $22.5k and $25.5k in late 2024. This range is close to its $24.9k assessed value, suggesting the sale was likely fair and aligned with the market assessment at that time.
5. Are there many similar units in the building?
The nearby properties list shows multiple units at the same address (e.g., 101, 102, 202), indicating this is a multi-unit condo building. This can be positive for a sense of community, but it’s wise to research the owner-occupier versus renter ratio and the condo board’s governance.