Property Overview: 907-3200 Portage Avenue
Key Characteristics & Appeal
This is a 765 sqft condo unit in the Kirkfield neighbourhood, built in 1969. Its key appeal lies in its position as a practical, entry-level property in a well-established area. The assessed value of $160K is around the average for similar units on Portage Avenue, suggesting a stable, mid-market valuation. The living space is compact, ranking in the larger half of comparable units city-wide, but is notably smaller than the average home in the immediate Kirkfield area.
This property would suit first-time buyers, downsizers, or investors seeking an affordable foothold in Winnipeg. Its practicality is its main strength: it offers a lower price point and property tax burden compared to a detached home, with the maintenance simplicity of condo living. A less obvious perspective is its potential appeal to those who value location consistency—being part of a 1960s-era building in a neighbourhood where many homes are newer (this unit is older than 92% of Kirkfield comparables) might offer predictable, no-frills building management and established neighbours.
Frequently Asked Questions
1. What are the condo fees, and what do they cover?
The listing data does not include monthly condo fee information. This is a critical detail to obtain directly, as fees significantly impact the total monthly cost and typically cover shared expenses like building insurance, maintenance, and possibly some utilities.
2. How does the sold price history affect current value?
The unit sold in February 2022 for an estimated $125K-$155K. With a current assessed value of $160K, this indicates a stable or slightly appreciating market position for the property over the past few years, but the final sale price will depend on current market conditions and the state of the unit.
3. Is the living space sufficient?
At 765 sqft, the unit is smaller than the average Kirkfield home (approx. 1,297 sqft) but is competitively sized against other Winnipeg condos (city-wide average of 1,042 sqft). It requires efficient use of space and would suit individuals, couples, or those comfortable in a cozy layout.
4. What is the neighbourhood like?
Kirkfield is a mature Winnipeg neighbourhood. The property is located directly on Portage Avenue, a major arterial road. This offers excellent transit access and convenience but may come with increased traffic noise compared to a side street.
5. Why is the year built significant?
Built in 1969, the building’s age means potential buyers should pay close attention to the status of major building components (roof, windows, plumbing, elevators) and the condo corporation’s reserve fund study. A well-managed older building can be a sound investment, but due diligence is essential.