Property Overview: 202-575 Stradbrook Avenue, Winnipeg
Key Characteristics & Appeal
This condominium at 575 Stradbrook Avenue stands out for its above-average space and value within the sought-after McMillan neighbourhood. Built in 1988, the 1,570 sqft unit offers significantly more living area than most comparable homes on its street, in the area, and across Winnipeg, placing it in the top tier (top 4-7%) for size. This is paired with an assessed value that also ranks highly, suggesting a premium property within its category.
The appeal lies in securing a spacious, well-positioned home without the maintenance demands of a single-family house. It suits buyers looking for a low-maintenance lifestyle in a central location, particularly those downsizing from a larger house who don’t want to compromise on square footage, or professionals seeking a generous, established condo. A thoughtful perspective is that its strong assessed value ranking, relative to its peers, may indicate favourable building quality or desirability factors not immediately apparent in the basic metrics.
Frequently Asked Questions
1. What does the "Elite" ranking for Living Area and Assessed Value actually mean?
It means this specific unit is larger and has a higher assessed value than a high percentage of comparable properties. For example, it is in the top 4% of units on Stradbrook Avenue for size, and top 5% in the McMillan area for assessed value.
2. The sold price history shows a wide range for 2023 ($400k-$450k). What was the exact price?
The exact sold price is not publicly disclosed in the listing data. You can request the precise figure by emailing the provided service, which manually retrieves and shares this information.
3. The building was built in 1988. What should I consider about the age of the condo?
While the building is not new, its age is around or above the average for its immediate area. Key considerations would be the status and history of the condo reserve fund, recent major repairs (like roofing or windows), and upcoming special assessments, which should be reviewed in the condo documentation.
4. Are the nearby "Worth Viewing" properties similar to this one?
Not exactly. The listed nearby properties, like those on Wellington Crescent, are primarily large, historic single-family homes. They are likely suggested for comparison on value or neighbourhood, but differ greatly in property type, size, and likely price point.
5. There are several units listed at the same address (e.g., 101-575, 303-575). What is this property?
The address indicates a multi-unit condominium or apartment building. Unit 202 is one of many individual condo units within the building at 575 Stradbrook Avenue.