| 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 1605-390 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 1605-390 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 47.60k | Top 23%21/91 Avg44.80k Top 5%21/458 Avg20.80k Top 4%973/26841 Avg25.60k 1605-390 Assiniboine Avenue: For Assessed Value. On Assiniboine Avenue, above average — Top 23%, rank 21 of 91, and comparable homes in that group average about 44.80k. in Broadway-Assiniboine, Elite — Top 5%, rank 21 of 458, and comparable homes in that group average about 20.80k. citywide, Elite — Top 4%, rank 973 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 87.50k | Top 2%2/91 Avg Well above average — among the best in this group same street Top 2% | Top 1%2/458 Avg Well above average — among the best in this group neighbourhood Top 1% | Top 1%68/26841 Avg Well above average — among the best in this group Winnipeg Top 1% |
Property Overview: Unit 1605 at 390 Assiniboine Avenue
Section 1: Key Characteristics & Appeal
This is a modern, well-maintained condo in Winnipeg's Broadway-Assiniboine neighbourhood, built in 2018. With 967 square feet of living space, it offers a comfortable layout in a relatively new building. Its primary appeal lies in its strong performance metrics and desirable location. The property ranks in the top tier for its street and city-wide for year built, and it notably sold in March 2024 for $87,500 above its current assessed value, suggesting a premium market perception.
This unit would suit a pragmatic buyer looking for a low-maintenance, modern home in a central area. It’s ideal for a professional seeking a convenient downtown-adjacent lifestyle or an investor attracted by the evident demand, as demonstrated by the recent sale price. The data indicates it outperforms most comparable properties in the neighbourhood for value and newness, offering a sense of quality and stability. A less obvious perspective is that its high rankings for year built on its street and in the neighbourhood suggest it's one of the newest options in the area, which can mean fewer immediate repair concerns and more modern finishes compared to nearby alternatives.
Section 2: Frequently Asked Questions
1. What does the significant difference between the sold price and assessed value mean?
The sale price of $87.5k in March 2024 was well above the $47.6k assessed value. This typically indicates strong buyer demand for this specific unit or building, with buyers willing to pay a market premium. Assessments are for taxation purposes and often lag behind current market conditions.
2. How does the living space compare to the area?
At 967 sqft, the unit is larger than 89% of properties in its immediate neighbourhood, offering more space than most local condo options. However, on its specific street, it's in the larger 18% percentile, meaning there are many larger units in the same building or complex.
3. Who is responsible for exterior maintenance and major repairs?
As a condo, the building's exterior, common areas, and major structural elements are maintained through the condominium corporation, funded by monthly fees. This is a key benefit for buyers seeking a low-maintenance lifestyle.
4. What is the parking situation?
The listing specifies "Garage: None." Prospective buyers should inquire directly about any dedicated parking spots, visitor parking, or permit street parking available, as this is a crucial consideration for the area.
5. The nearby and similar value listings show the same address or distant neighbourhoods. Why?
The "nearby properties" are other units within the same building or complex at 390 Assiniboine. The "similar assessed value" properties are in different areas (like Elmhurst) and are only similar in their municipal assessment value for tax purposes, not in market value, style, or location. They highlight how assessment value alone doesn't equate to purchase price.
Address · Distance
Address · Assessed Value