Property Overview: 201-108 Chandos Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a 570 sqft condo unit in Norwood West, built in 1970 with a current assessed value of $147,000. The data presents a property of contrasts, defining its niche appeal.
Its key characteristic is its value proposition within its immediate context. While its living space is modest compared to the Winnipeg average, it is quite typical for Chandos Avenue and the Norwood West area. The assessed value sits below the average for both the street and the neighbourhood, suggesting a potentially accessible entry point. A notable, less obvious strength is the building's age relative to its direct peers: it is the newest build on its street (top 3%), which may imply fewer major retrofits compared to older heritage homes in the area.
The appeal lies in its position as an affordable, low-maintenance foothold in a central neighbourhood. It suits first-time buyers or investors seeking a straightforward condo unit without the upkeep demands of a house or an older building. It would also suit downsizers looking to rightsize into a manageable space while staying in the area. The data indicates you are paying primarily for location and convenience rather than square footage.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is a starting point. Market conditions, the unit's interior condition, and recent sales of similar units will ultimately determine the sale price. Notably, its assessed value is below the local averages, which can be an attractive starting point for negotiation.
2. How does the 570 sqft living area feel for daily life?
At 570 sqft, the unit is compact. It is below the citywide average but aligns with the typical size found on Chandos Avenue (avg. 651 sqft). This size is functional for a single person or a couple comfortable with efficient living spaces, but may feel constrained for those needing a home office or frequent guests.
3. What are the implications of the building being from 1970?
Built in 1970, the building is newer than many in Norwood West. This can be an advantage, potentially meaning updated building systems (like electrical or plumbing) compared to pre-war builds. However, it is crucial to review the status of the condo reserve fund and any recent or planned special assessments for major repairs common in buildings of this era, such as balcony or window replacements.
4. The data shows it last sold between 2017-2022. How can I get the exact sale history?
The exact sale price and date are not publicly displayed due to industry regulations. You can request the full transaction history by emailing the site administrators, who will provide the verified figures manually.
5. What is the neighbourhood like, and what are the comparable properties nearby?
Norwood West is a mature, central neighbourhood. The "Nearby properties" list shows this is part of a multi-unit address (108 Chandos Ave.), indicating a condo/apartment building. For a true sense of value, compare its metrics (size, value, fees) with other condo units in the area, rather than the larger single-family homes also listed as nearby references.