Property Overview: 203-548 Stradbrook Avenue
Key Characteristics & Appeal
This 850 sqft condominium, built in 2014, offers a modern living space within Winnipeg's McMillan neighbourhood. Its primary appeal lies in its contemporary build year, which stands out significantly in an area dominated by much older, century-old homes. While the living space is close to the average for similar units, its assessed value ranks above average for Stradbrook Avenue, suggesting a well-regarded unit within its specific building or complex.
The property would suit a first-time buyer or downsizer seeking a low-maintenance, modern home without sacrificing central location. It also presents a practical option for an investor, given its relatively recent construction likely means fewer immediate capital repairs compared to the neighbourhood's typical heritage inventory. A less obvious angle is its potential for consistent comfort; a 2014 build implies modern insulation, windows, and mechanical systems, which can translate to noticeably lower utility costs and fewer drafts than in many of the area's charming but older character homes.
Frequently Asked Questions
1. How does this unit compare to others in the building?
The data indicates this unit’s assessed value is above the street average, which often reflects factors like floor plan, upgrades, or orientation within the building. Viewing the unit and comparing it to others in the complex (303, 302, 201, etc.) is recommended to understand this premium.
2. What are the condo fees and what do they cover?
This information is not provided in the public data. A review of the condo corporation’s financial statements, reserve fund study, and bylaws is essential to understand monthly fees, included amenities (like heat, water, or building insurance), and any special assessments.
3. The sold price shows a range from 2020. What is the exact price history?
The public record shows a sale between $250,000 and $300,000 in 2020. For precise historical sale prices, you must request the information directly from the listing source, as they manually provide exact figures upon request.
4. Is a 2014 building unusual for McMillan?
Yes. The data shows this build year is in the top 1% for the McMillan neighbourhood, where comparable homes average a build year of 1957. This makes it a distinctly modern property in a historic area.
5. How does the living space feel for 850 sqft?
At 850 sqft, it is slightly below the city-wide average for comparable homes. The efficient use of space in a newer build can offset the square footage, but it’s wise to consider if the layout meets your needs for furniture and storage, especially compared to the larger, older single-family homes commonly found nearby.