Property Overview: 518-3030 Pembina Highway
Key Characteristics & Appeal
This is a 937 sqft condo unit in the Fort Richmond neighbourhood, built in 1977. Its primary appeal lies in value and location. The living space is competitively sized for the area, ranking around average compared to similar homes in Fort Richmond. A standout feature is the assessed value, which is notably below the citywide average, suggesting a potentially lower property tax burden and an accessible entry point into the market.
The unit suits practical, value-conscious buyers. It would fit a first-time buyer seeking affordability on a major transit and amenity corridor, or an investor looking for a straightforward rental property with lower carrying costs. A less obvious perspective is that, for its age, it ranks "above average" within its specific neighbourhood for year built, indicating it may be among the more mature or established buildings in Fort Richmond. The trade-off is a classic Winnipeg condo experience: you gain affordability and a central Pembina Highway location, likely with easy access to buses, shops, and the University of Manitoba, while accepting the character and maintenance realities of a building from the late 1970s.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they include?
This information is not provided in the public data. You must contact the listing agent or property manager for the current fee structure and a detailed list of amenities and utilities covered.
2. Why is the assessed value so much lower than the city average?
The assessed value of $15,200 ranks in the top 81% on Pembina Highway (meaning it's lower than 81% of comparable properties). This can be influenced by the building's age, unit specifics, and recent sales within the complex. A lower assessment often translates to lower property taxes.
3. How recent are the interior updates?
The public records do not show renovation history. The condition of interiors (kitchen, bathroom, flooring) would need to be verified by a viewing or through the seller's disclosure.
4. Is parking included with the unit?
The listing details do not specify parking. This is a critical question for any condo on a busy corridor like Pembina Highway and must be confirmed directly.
5. The data shows a sale in February 2018 for an estimated $13.5k–$16.5k. How is that possible?
This very low historical sale price range is almost certainly for a parking stall or storage locker sold separately within the complex, not for the condo unit itself. The exact sold price for the unit requires a direct request to the website.