| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 2018 （8 years ago） | Top 1%1/91 Avg2018 Top 1%1/458 Avg1983 Top 8%2121/26841 Avg1990 1405-390 Assiniboine Avenue: For Year Built. On Assiniboine Avenue, Elite — Top 1%, rank 1 of 91, and comparable homes in that group average about 2018. in Broadway-Assiniboine, Elite — Top 1%, rank 1 of 458, and comparable homes in that group average about 1983. citywide, above average — Top 8%, rank 2121 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 967 sqft | Top 29%26/91 Avg976 sqft Top 10%48/458 Avg818 sqft Top 53%14252/26841 Avg1,042 sqft 1405-390 Assiniboine Avenue: For Living Area. On Assiniboine Avenue, above average — Top 29%, rank 26 of 91, and comparable homes in that group average about 976 sqft. in Broadway-Assiniboine, above average — Top 10%, rank 48 of 458, and comparable homes in that group average about 818 sqft. citywide, around average — Top 53%, rank 14252 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 47.10k | Top 31%28/91 Avg44.80k Top 6%28/458 Avg20.80k Top 4%1037/26841 Avg25.60k 1405-390 Assiniboine Avenue: For Assessed Value. On Assiniboine Avenue, around average — Top 31%, rank 28 of 91, and comparable homes in that group average about 44.80k. in Broadway-Assiniboine, above average — Top 6%, rank 28 of 458, and comparable homes in that group average about 20.80k. citywide, Elite — Top 4%, rank 1037 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 46.80k | Top 37%34/91 Avg Around average same street Top 37% | Top 7%34/458 Avg Above average neighbourhood Top 7% | Top 4%1095/26841 Avg Well above average — among the best in this group Winnipeg Top 4% |
Property Summary: Unit 1405 at 390 Assiniboine Avenue
Key Characteristics & Ideal Buyer
This is a modern, low-maintenance condominium in Winnipeg's Broadway-Assiniboine neighbourhood, built in 2018. The 967 sqft unit sits in a well-ranked building for its area and age, suggesting a quality, contemporary construction. Its appeal lies in a turnkey lifestyle within a desirable downtown-adjacent location, close to the river, The Forks, and city amenities. The financial picture is notable: the property has a very strong assessed value ranking across Winnipeg (top 22%), and its last sold price in late 2023 was virtually identical to its current assessment, indicating stable and recognized value in the market.
This property would best suit a professional, empty-nester, or investor seeking a newer, hassle-free home in a prime location without the upkeep of a house. It’s particularly compelling for the value-conscious buyer who prioritizes modern building quality and financial stability over sheer square footage, as the living area is more modestly ranked. The data suggests you're buying into a well-regarded and newer asset in the city, rather than the largest space.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the critical next question. While the listing doesn't specify, these fees directly impact affordability and value. Understanding what’s included (e.g., heat, water, building insurance, reserve fund contributions) is essential for a true cost comparison.
2. Is parking included with the unit?
The listing shows "Garage: None," but it may have a dedicated underground spot or a titled surface space. Clarifying the parking situation—whether it's included, rented, or unavailable—is key for urban living.
3. How does the "top percentage" ranking work?
The rankings compare this property against others on its street, in the neighbourhood, and across Winnipeg. For example, being "Better than 95% in Winnipeg" for year built means only 5% of Winnipeg properties are newer. It's a relative gauge of specific metrics.
4. The assessed value seems low for a 2018 condo. Why?
Manitoba assessments are not market valuations; they are for municipal tax purposes and can be significantly lower than market price. The important figure is the recent sold price of $46.8k, which reflects the actual market transaction.
5. What is the building's reserve fund status?
For a building from 2018, the reserve fund should be relatively young but growing. Requesting a status certificate would reveal the financial health of the condo corporation, planned projects, and any potential for special assessments.
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