1202-390 Assiniboine Avenue

Property Overview

This is a modern, low-maintenance condo unit in the heart of the Broadway-Assiniboine neighbourhood. Built in 2018, it offers a contemporary living space of 917 sqft without the responsibilities of a yard, basement, or private garage. Its primary appeal lies in its turnkey convenience and its location within a newer building in a well-established, desirable urban area. The property ranks highly for its newness compared to most of Winnipeg, positioning it as a relatively modern option in a city with many historic homes.

The unit would suit first-time buyers seeking an affordable entry into a central neighbourhood, professionals who value a lock-and-leave lifestyle close to downtown, or downsizers looking to reduce maintenance without sacrificing location. It’s a practical choice for those who prioritize modern building systems and interior finishes over private outdoor space or larger square footage.

Key Details & FAQs

Key Characteristics:

• Modern & Low-Maintenance: An 8-year-old building (2018) means newer construction standards, likely fewer immediate repairs, and modern amenities. The absence of a basement, pool, or private garage simplifies ownership responsibilities and costs.
• Central Urban Location: Situated in the Broadway-Assiniboine area, it offers walkable access to the river, The Forks, downtown Winnipeg, and Osborne Village. The location is a key asset for an urban lifestyle.
• Comparative Value Perspective: With an assessed value of $42.4k, it sits in a similar bracket to homes in other neighbourhoods, but here you are paying primarily for the modern unit and location rather than land. The living area is compact but ranks above average for the immediate neighbourhood, suggesting a efficient use of space for the area.

Potential Buyer Fit:
This property is ideal for a pragmatic buyer who values location and modern convenience over traditional house features. It suits someone who sees a condo not as a compromise, but as a strategic choice to live centrally without the upkeep of an older, larger property. The appeal is a balanced, low-hassle urban lifestyle.

Frequently Asked Questions

1. What does the assessed value tell me?
The assessed value of $42,400 is for municipal tax purposes and is typically lower than market value. It’s useful for comparing the property’s tax load relative to others, but does not determine the sale price.

2. Are there any major concerns with a building from 2018?
A building this age is past the initial "shakedown" period where construction flaws often appear, but it is still relatively new. It’s important to review the condo corporation's reserve fund study and minutes to understand the building’s financial health and if any major repairs or special assessments are anticipated.

3. The living area is 917 sqft. How does that compare?
While below the Winnipeg average, it ranks in the top 15% for size on its own street and top 87% in the neighbourhood. This indicates the unit is actually quite spacious compared to many other nearby options, especially given its newer construction.

4. Who might this NOT be suitable for?
It would not suit buyers needing multiple bedrooms, dedicated parking, private outdoor space, or a workshop/studio area. It’s also less ideal for those who prefer the character and space of an older home, even if it requires more upkeep.

5. What should I research about the location?
While centrally located, you should personally explore the immediate block at different times to gauge noise levels, pedestrian traffic, and the building’s proximity to amenities you’ll actually use. Check the specific condo rules regarding rentals, pets, and use of common areas.