Property Overview: 110-1720 Pembina Highway
Section 1: Key Characteristics & Appeal
This is a 890 sqft condominium in Winnipeg's Pembina Strip, built in 1990. Its key characteristic is a notable value proposition within a high-traffic, convenient urban corridor. The appeal lies in its below-average assessed value ($158k) compared to most peers on the street, in the neighborhood, and city-wide, offering a more accessible entry point into the area. Despite the lower value, the unit is newer than most in the immediate Pembina Strip, ranking in the top 1% for its year built locally.
It suits practical, budget-conscious buyers seeking location efficiency over size. This includes first-time buyers, investors looking for a rental property in a perennial student and commuter zone, or downsizers who prioritize walkable amenities and transit access along Pembina Highway over a large living space. A less obvious perspective is that its "below-average" metrics might represent a relative opportunity in a built-out area where newer construction is rare, potentially offering modernized systems in a well-located building.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The data suggests it is priced below average. Its assessed value is lower than 74-82% of comparable properties across various scopes, while the building itself is newer than most in the neighborhood. This disconnect can indicate value, but it's essential to view the unit in person to understand the condition and layout behind the numbers.
2. How does the living space compare?
At 890 sqft, it is slightly below the street average but very close to the neighborhood average. It provides a moderately sized footprint that is typical for the immediate area, though more compact than the Winnipeg average for comparable homes.
3. What is the building's age and condition relative to others?
Built in 1990, it is a newer building for the Pembina Strip, ranking in the top 1% locally. This often suggests potentially fewer major system updates (like roofing or windows) being immediately due compared to older buildings, but a professional inspection is always recommended.
4. Can I see the exact historical sale price?
The site shows the last sale (March 2021) was in the CA$100k-150k range. To obtain the exact sale price and full history, you must request a manual lookup via email, as this platform does not display MLS sold records.
5. What are the immediate neighbors like?
The listing shows several units within the same complex (e.g., 112-1720, 106-1720 Pembina Highway). This indicates a multi-unit building or condominium complex, which is common for the highway corridor. Researching the condominium corporation's financial health and rules would be a crucial next step.