Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Corydon Avenue): Below Average. Ranked #202 out of 279 (Bottom 28%). The street average for comparable homes is 822 sqft.
Neighborhood Level (Edgeland): Below Average. Ranked #308 out of 322 (Bottom 4%). The neighborhood average for comparable homes is 1,360 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #23,144 out of 26,841 (Bottom 14%). The citywide average for comparable homes is 1,042 sqft.
Street Level (Corydon Avenue): Below Average. Ranked #199 out of 279 (Bottom 29%). The street average for comparable homes is 198.1k.
Neighborhood Level (Edgeland): Below Average. Ranked #319 out of 322 (Bottom 1%). The neighborhood average for comparable homes is 366.1k.
Citywide Level (Winnipeg): Below Average. Ranked #23,720 out of 26,841 (Bottom 12%). The citywide average for comparable homes is 276.9k.
Street Level (Corydon Avenue): Above Average. Ranked #31 out of 279 (Top 11%). The street average for comparable homes is 1970.
Neighborhood Level (Edgeland): Below Average. Ranked #203 out of 322 (Bottom 37%). The neighborhood average for comparable homes is 1977.
Citywide Level (Winnipeg): Below Average. Ranked #20,927 out of 26,841 (Bottom 22%). The citywide average for comparable homes is 1990.
Edgeland market pulse
How to read: Share of sales in each ~$50k price band for “edgeland” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
14C-1975 Corydon Avenue — 11 amenities found within 500 m, across 6 categories, including 3 dining (nearest 295 m), 1 education (nearest 429 m), 1 shopping (nearest 169 m).
Crime & safety
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Related homes
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Similar assessed value
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Is this home right for you?
Property Overview
This is a 701 sqft condo unit located at 1975 Corydon Avenue in Winnipeg's Edgeland neighbourhood. Built in 1972, it features a basement and falls into a below-average price bracket for the area. Its primary appeal lies in being an accessible entry point into the well-established Corydon Avenue corridor, which is known for its vibrant local businesses and amenities. The unit suits first-time buyers or investors seeking a lower-maintenance property in a desirable location without the premium price tag of larger, newer builds. A thoughtful perspective is that while the unit itself is modest in size and assessed value, it offers a strategic foothold in a high-demand area where land and location often hold more long-term value than the building itself.
Key Details & Suitability
- Key Characteristics: A 54-year-old condo with below-average square footage and assessed value for both its immediate street and the broader Edgeland area. Its last recorded sale was in March 2021 for $15,800.
- Where the Appeal Lies: The appeal is almost entirely location-based. It provides an affordable opportunity to live on or near Corydon Avenue, a major hub for dining, shopping, and services. For the price, it offers a liveable space in a prime spot.
- Target Buyer: This property is best suited for budget-conscious first-time homebuyers prioritizing location over space, or for an investor looking for a relatively low-cost rental unit in a perpetually popular rental area. It is less suitable for those needing significant space, modern finishes, or for whom condo fees are a concern.
Frequently Asked Questions
1. Is this a good investment property?
Given its low assessed value and location on Corydon, it has strong potential as a rental property. However, prospective landlords should carefully investigate the condo corporation's financial health, rules, and fee structure to assess cash flow and any rental restrictions.
2. Why is the assessed value so much lower than other homes in Edgeland?
The assessed value reflects this specific unit's smaller size, older building age, and condo format. Most homes in Edgeland are larger, single-family dwellings, which command higher values. This unit is compared to similar condos city-wide.
3. What are the pros and cons of the building's age?
A building from 1972 may have well-established systems and potentially larger room proportions than newer builds. However, it may also come with older infrastructure, and potential buyers should prioritize a thorough inspection and review of the condo's reserve fund study for upcoming major repairs.
4. How does the "Top 72%" ranking for living area work?
This means this unit's living area is larger than 72% of comparable properties on Corydon Avenue. It indicates that while below the area average, it's not the smallest available. It provides context against the most relevant local comparisons.
5. What should I know about the immediate building complex?
The listing shows several other units within the same address (1975 Corydon Avenue) have recently sold. Researching the sale prices and conditions of these nearby units (like 19F, 5G, 10D) would provide the clearest picture of the current market value and activity within this specific complex.