Property Overview
This is a modern, low-maintenance condominium at 206-139 Tuxedo Avenue in Winnipeg's established Old Tuxedo neighbourhood. Built in 2019, it offers a turn-key living experience with an assessed value of $337,000 and 820 square feet of living space.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a prestigious location and modern convenience. It is one of the newest homes in Old Tuxedo, offering contemporary construction and systems without the upkeep of a large, older house. While its living space is compact compared to most single-family homes in the immediate area, this translates to lower utility costs and minimal maintenance.
Its value proposition is unique. Within the affluent Old Tuxedo area, its assessed value is among the most accessible, ranking in the bottom 1% for the neighbourhood. This presents a rare entry point into a sought-after area. Conversely, city-wide, the same assessment places it in the top 21% of all homes, highlighting the premium associated with its location.
This home would suit a downsizer seeking a modern, secure property in a prime location without yard work, or a first-time buyer prioritizing location and newer construction over square footage. It’s a practical choice for someone who values the neighbourhood's character and amenities more than a large interior footprint.
Frequently Asked Questions
1. Is this a good value for the area?
It offers one of the lowest price points to enter the Old Tuxedo neighbourhood. You are paying a premium for the location and new construction, but significantly less than for a traditional single-family home on the same street.
2. What does the "below average" living area ranking mean for daily life?
The home is efficiently sized. It will suit a couple or single occupant comfortably but may feel compact for those accustomed to larger spaces. The trade-off is significantly lower heating, cooling, and property tax costs compared to the neighbourhood averages.
3. Why is the city-wide assessed value ranking so much higher?
The assessment reflects both the modern build and the desirable address. Compared to the average Winnipeg home, this property is newer and in a higher-value neighbourhood, which elevates its standing city-wide.
4. What is the ownership structure?
The address format (e.g., 206-139) and proximity to units with identical street numbers indicate this is a condominium or similar stratified title property. Buyers should review the condo corporation's financial health, bylaws, and monthly fees.
5. How reliable is the sold price data shown?
The site notes its sold price data is from public sources, not the MLS, and is presented as a range. For exact, verified historical sale figures, you must request a manual lookup from the website administrators.