Property Overview
This is a 760 sqft condominium unit located at 203-2033 Henderson Highway in Winnipeg's River East neighborhood. Built in 2016, it presents a distinct profile defined by its modern age in an area of predominantly older homes. Its assessed value is $248,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern construction and relative value. Built in 2016, it is a notably newer build, ranking in the top 1% for year built on its street and in River East, where the average comparison home is decades older. This suggests lower immediate maintenance concerns and modern building standards.
However, the living space is compact at 760 sqft, placing it well below the area average. This creates a clear trade-off: you are acquiring a newer, low-maintenance home but with less square footage than typical for the price point in the neighborhood. Its assessed value is around the citywide average but below the River East neighborhood average, indicating it may be priced accessibly for the area.
This unit would best suit a first-time buyer, downsizer, or investor seeking a modern, turn-key property in a established neighborhood. It appeals to those who prioritize newer infrastructure and predictable costs over spaciousness. A thoughtful perspective is that it offers a way to live in a mature community without taking on the renovation projects common with older houses, though condo fees (not detailed here) would be a necessary inquiry.
Frequently Asked Questions
1. What are the condo fees, and what do they include?
This is the most critical question for any condo purchase. Fees cover shared expenses like building insurance, maintenance, and reserves. The specifics will directly impact your monthly budget and value proposition.
2. How does the unit's smaller size compare to the building's amenities?
Given the below-average living area, understanding if there are attractive common spaces (e.g., a lounge, gym, or outdoor area) that effectively extend your living space is important.
3. What is the owner-occupier to renter ratio in the building?
A higher owner-occupancy rate often correlates with greater stability, better maintenance, and potentially more restrictive rules on rentals, which can affect both lifestyle and investment potential.
4. Why is the assessed value below the River East neighborhood average?
The primary reason is likely the unit's smaller size. Neighborhood averages include larger single-family homes. Its value is more in line with citywide condo comparisons.
5. How soundproofed is the unit?
For any multi-family building, especially one on a major artery like Henderson Highway, understanding the construction quality and noise transmission between units and from the street is key to comfort.