Property Overview: 101-620 Gertrude Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,023 sqft condo unit in the McMillan neighbourhood, built in 2004. Its primary appeal lies in its modern construction relative to its surroundings; it is notably newer than most homes in the wider city and is the newest build on its block. The living space is consistent with area averages, making it a practical size for urban living.
The financial profile presents an interesting dynamic. The city’s assessed value is modest, placing it in the lower tier on its specific street but around the middle range for the broader area and city. This suggests a potentially accessible entry point into a building that is physically newer than many alternatives. Recent sale history indicates steady market activity.
This property would suit a pragmatic first-time buyer or an investor seeking a relatively modern, low-maintenance unit without a premium price tag. It’s for someone who values a newer building envelope and systems over a prime street ranking, seeing the value in a home that is younger than its peers.
Frequently Asked Questions
1. Why is the assessed value ranked so low on the street, but the building is the newest?
Assessed value is based on multiple factors, including unit size and interior features. While the building itself is new, the unit’s specific valuation may reflect its floor plan, orientation, or interior finishes compared to other units in the complex.
2. What does the sale history tell us about the property’s market?
The unit has sold every two years since 2020, each time within the same general price bracket. This pattern suggests consistent demand and a stable, predictable value in the market, without wild fluctuation.
3. The unit is listed with a number prefix (101-). What type of building is this?
The numbering indicates this is likely a condominium or townhouse unit within a multi-unit complex at 620 Gertrude Avenue. The proximity of units with similar addresses (102-, 103-, etc.) confirms this.
4. How does its age compare to nearby homes?
It is significantly newer. While the city-wide average home was built around 1990, this unit was built in 2004. A nearby single-family home on the same street, for example, was built in 1905.
5. Where can I see more detailed context about the location?
The listing suggests using a “neighbourhood analysis page” to view the property on a map and compare it directly with nearby houses based on year built, size, and value metrics.