Property Overview: 101-575 Stradbrook Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This condominium at 575 Stradbrook Avenue stands out for its exceptional space and high perceived value within its context. Built in 1988, the 2,220 sqft unit offers significantly more living area than most comparable properties, ranking in the top 1% locally and city-wide. This is its defining feature, providing a rare condo footprint that competes with single-family homes. Its assessed value of $51,500 also places it in the elite tier for the street and neighbourhood, suggesting a premium build, finishes, or positioning within the building.
The appeal lies in securing a spacious, well-located residence in the mature McMillan neighbourhood without the maintenance demands of a house. It suits buyers who prioritize generous interior square footage above all else—perhaps empty-nesters downsizing from a larger home but unwilling to compromise on space, or professionals seeking a low-maintenance yet expansive urban home. A thoughtful perspective is that this unit’s metrics suggest it’s an outlier, meaning it may hold its value differently than standard units, but could also appeal to a narrower, more specific buyer pool.
Section 2: Frequently Asked Questions
1. What does the "Elite – Top 1%" ranking actually mean?
It means this property’s Living Area and Assessed Value are larger and higher, respectively, than 99% of comparable homes on its street, in McMillan, and across Winnipeg. It’s a statistical standout in terms of size and official valuation.
2. The assessed value seems low compared to the 2022 sale price of $500k-$550k. Why?
Municipal assessed value for tax purposes is often significantly lower than market value and doesn't fluctuate directly with the real estate market. The sale price reflects what a buyer was willing to pay, while the assessment is an administrative valuation formula.
3. What is the building like, given the unit numbers (101, 102, 201, etc.)?
The listing of multiple units at the same address (e.g., 101, 102, 201) indicates this is a multi-unit condominium or apartment building. Specific details on building amenities, rules, and the condo corporation would require further inquiry.
4. Are the "Worth Viewing" properties direct comparisons?
Not exactly. They are nearby properties in McMillan that the site suggests are also worth considering. They vary greatly in age, size, and style (including historic homes on Wellington Crescent), providing context for what else is available in the area at different price points and formats.
5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. As noted on the detail page, you must request it via email from the service, which provides the accurate figure manually without using your email for unsolicited marketing.