Property Overview: 2202-1265 Leila Avenue
Key Characteristics & Appeal
This is a spacious, well-established condominium in Winnipeg's Leila North neighbourhood. Its primary appeal lies in its generous 1,428 sqft living area, which places it in the top 5% of similar units on its street and the top 1% within the local area, offering significantly more space than most comparable listings. Built in 2006, the property is not new but is well-maintained within its peer group, especially when compared to the city-wide average. Its assessed value consistently ranks above average across all comparison levels, suggesting a solid and recognized worth in the market.
The unit suits buyers prioritizing space and value stability over modern construction. It’s ideal for someone looking for a roomy condo layout without the premium price tag of a brand-new build, or for a downsizer seeking a manageable home that doesn’t compromise on square footage. A thoughtful perspective is that its "older" 2006 build date, while not a standout feature, may translate to mature building systems and a settled condo corporation, potentially offering more predictable fees and fewer growing pains than newer developments.
Frequently Asked Questions
1. How does the size of this unit compare practically?
At 1,428 sqft, it is approximately 30% larger than the average condo in Leila North and nearly 40% larger than the Winnipeg city-wide average for comparable properties. This allows for more flexible living arrangements, such as a dedicated home office or larger common areas.
2. What does the above-average assessed value indicate?
While not a direct market price, its consistently above-average assessment suggests municipal appraisers recognize its relative worth compared to peers, often reflecting factors like size, condition, and location. It can indicate a stable tax base and a history of maintained value.
3. The building is from 2006. Are there concerns about major repairs?
A 20-year-old building is often at a stage where some major components (like roofing, elevators, or balconies) may be due for inspection or renewal. A careful review of the condo corporation's reserve fund study and minutes is essential to understand any planned special assessments or fee increases.
4. The sold price history shows ranges. Why is the exact price not listed?
Exact sale prices for condominiums in Manitoba are not publicly available in standard MLS sold data. The ranges provided are estimates based on assessed value changes and public data. The exact price can be requested directly from the listing service.
5. Who are the most likely neighbours in this building?
Given the size and era of the unit, it likely attracts long-term owners or empty-nesters who have appreciated the space over time. This can contribute to a stable, quiet community within the building itself, which is a less obvious but valuable aspect of condo living.