| 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 1501-390 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 849 sqft | Top 52%47/91 Avg976 sqft Top 23%105/458 Avg818 sqft Top 71%18985/26841 Avg1,042 sqft 1501-390 Assiniboine Avenue: For Living Area. On Assiniboine Avenue, around average — Top 52%, rank 47 of 91, and comparable homes in that group average about 976 sqft. in Broadway-Assiniboine, above average — Top 23%, rank 105 of 458, and comparable homes in that group average about 818 sqft. citywide, below average — Top 71%, rank 18985 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 41.90k | Top 47%43/91 Avg44.80k Top 9%43/458 Avg20.80k Top 8%2171/26841 Avg25.60k 1501-390 Assiniboine Avenue: For Assessed Value. On Assiniboine Avenue, around average — Top 47%, rank 43 of 91, and comparable homes in that group average about 44.80k. in Broadway-Assiniboine, above average — Top 9%, rank 43 of 458, and comparable homes in that group average about 20.80k. citywide, above average — Top 8%, rank 2171 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 40.60k | Top 74%67/91 Avg Below average same street Top 74% | Top 15%67/458 Avg Above average neighbourhood Top 15% | Top 10%2648/26841 Avg Above average Winnipeg Top 10% |
Property Overview
This 849 sqft condominium at 1501-390 Assiniboine Avenue, built in 2018, presents a modern, low-maintenance living option in Winnipeg's Broadway-Assiniboine neighbourhood. Its appeal is rooted in a combination of new construction, a prime location, and notable value metrics. The unit is suited for first-time buyers, downsizers, or investors seeking a contemporary property with minimal upkeep in a central area.
Key Characteristics & Appeal
The property’s strongest features are its age and location. Built just 8 years ago, it ranks newer than 95% of properties across Winnipeg, offering modern building standards, systems, and finishes without the concerns of an older home. Its location on Assiniboine Avenue places it in a vibrant, well-established neighbourhood close to the river, downtown amenities, and major routes.
The financial perspective is compelling. The recent sale price ($40.6k in June 2024) sits slightly below the current assessed value ($41.9k), which itself ranks higher than 91% of properties in the immediate neighbourhood. This suggests the unit is perceived as holding solid value within its local market. However, the living space (849 sqft) is more compact, ranking larger than only 15% of Winnipeg properties, indicating a efficient layout ideal for one or two people.
This condo would suit a pragmatic buyer who prioritizes location, modern construction, and financial efficiency over square footage. It’s an entry point into a desirable area without the maintenance demands of a house. The lack of a garage or basement is typical for the building type and aligns with a minimalist, lock-and-leave lifestyle.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this specific property against others on its street, in its neighbourhood, and across Winnipeg. For example, being "Top 0%" for year built on its street means it is the newest building there. A "Top 85%" rank for living area in Winnipeg means 85% of properties are larger.
2. Is the sold price significantly different from the assessed value?
No. The unit sold for $40,600 in June 2024, which is very close to its $41,900 assessed value. This alignment often indicates the sale was seen as fair market value at the time.
3. Who is this property not well-suited for?
It is likely not ideal for families needing multiple bedrooms, those requiring significant storage (as there is no basement or private garage), or anyone seeking a large, private outdoor space.
4. The living area seems modest. What should I expect?
At 849 sqft, the layout will be efficient. It’s well-suited for a one-bedroom or potentially a compact two-bedroom configuration. Focus would be on functional use of space rather than expansive rooms.
5. What is the immediate building environment like?
The list of nearby properties shows several units in the same building (e.g., 605-390, 606-390). This indicates a multi-unit condominium complex, so prospective buyers should review the condo corporation's financial health, rules, and fee structure.
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