Property Overview & Key Characteristics
This is a compact, 676 sqft condominium in the Marlton area of Winnipeg, built in 1977. Its primary appeal lies in its exceptional affordability, as reflected in its assessed value, making it one of the most accessible entry points into homeownership in the city. The data shows it ranks in the top tier for value within its immediate street, neighborhood, and all of Winnipeg, meaning you get more property for your dollar here than almost anywhere else. It is a no-frills property—there is no basement, garage, or pool.
This unit would suit first-time buyers, investors seeking a low-cost rental property, or downsizers looking to minimize expenses and maintenance. Its smaller size and straightforward layout offer a simplified lifestyle. A less obvious perspective is that while the unit itself is modest, its highly competitive ranking suggests it sits in a well-established, stable area where even basic properties hold solid relative value, which can be a prudent starting point.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in key metrics. For example, being in the "top 1%" for its street in the overall ranking indicates it offers more space or land value relative to its immediate neighbors than 99% of homes on Oakdale Drive, which is a significant positive outlier.
2. Are there monthly condo fees, and what do they cover?
This information is not provided in the basic details. For any condo, it is essential to inquire about the monthly condominium fees, what they cover (e.g., building insurance, exterior maintenance, reserve fund contributions), and the financial health of the condominium corporation.
3. What is the condominium's policy on rentals?
For potential investors or those with future plans to rent out the unit, it is crucial to check the condominium bylaws for any restrictions on leasing, as some corporations have rental caps or require board approval.
4. Given the age of the building (1977), what major repairs or upgrades have been completed?
Prospective buyers should ask about the history of major building components, such as the roof, windows, balconies, and plumbing/electrical systems. Understanding recent special assessments or planned future projects is key to anticipating costs.
5. How does the lack of a garage or dedicated parking affect daily life?
It's important to clarify the parking situation. Is there assigned surface parking, a first-come-first-served lot, or only street parking? This can significantly impact convenience, especially during Winnipeg winters.