Property Overview

This 676 sqft condominium, built in 1977, is a compact and affordable entry point into Winnipeg’s Marlton neighbourhood. Its primary appeal lies in its exceptional value positioning within its immediate area. While modest in size and age, the unit ranks in the top tier for its street and neighbourhood, surpassing nearly all local comparables. The 2022 sale price of $147,000 aligns with its current assessed value, suggesting a stable market valuation. It suits first-time buyers, investors seeking a low-cost rental property, or downsizers looking for a manageable, no-maintenance lifestyle without a large financial outlay. A thoughtful perspective is that this property represents a pragmatic choice over an aspirational one; it’s for a buyer who prioritizes financial efficiency and location within a community over square footage or modern features.

Key Details & FAQs

Key Characteristics & Appeal:
This is a no-frills, one-level condominium without a basement or garage. Its standout feature is its competitive ranking: it places in the top 1% of properties on its street and the top 0% within both the Marlton community and all of Winnipeg for its price-to-assessment ratio. This indicates you are getting more property value per dollar here than in almost any other local listing. However, its smaller size and older build date mean it ranks lower in those specific categories. The appeal is squarely focused on cost-effectiveness and a strong relative value proposition in a stable market. It would best suit a budget-conscious buyer, an investor, or someone looking to minimize living costs and exterior maintenance.

Frequently Asked Questions:

1. What does the ranking data actually mean?
The rankings show how this property compares to others in the area. For example, being in the "top 1%" for its street on assessment value means it is priced more attractively relative to its assessed value than 99% of other homes on Oakdale Drive. It's a signal of strong relative value, though the home itself is older and more compact.

2. Are there any major concerns with a building from 1977?
While the building is nearly 50 years old, its consistent assessment and recent sale at the same price point suggest no major devaluing issues. A prospective buyer should still prioritize a thorough inspection to understand the condition of major building systems, the roof, and the condominium's reserve fund.

3. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is typically responsible for exterior maintenance, roof repairs, and common areas. This is a key benefit for buyers seeking a low-maintenance lifestyle. Your monthly condo fee covers these costs.

4. The home is smaller; how is the layout and storage?
At 676 sqft, efficient use of space is crucial. The listing does not detail the layout, so viewing the property is essential to assess if the floorplan meets your needs. The lack of a basement or garage means creative storage solutions will likely be necessary.

5. Why did it sell for the same price in 2022 as its current assessment?
This can indicate a stable, non-speculative market for this type of property. It suggests the home was fairly priced then and remains so now, which can be reassuring for a buyer seeking a sensible investment without worrying about a recent price bubble.