103-9 Arden Avenue

Property Overview: 103-9 Arden Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, efficiently priced condominium in Winnipeg's Pulberry neighborhood. Its primary appeal lies in being a well-maintained, relatively modern unit within a mature building, offering an accessible entry point into the housing market.

• Key Characteristics: The unit is 571 square feet, which is notably compact compared to most homes in the city, but is typical for its specific building and immediate area. Its assessed value of approximately $146,000 is average for its street and neighborhood, but sits well below the Winnipeg average, highlighting its affordability. A standout feature is its 1989 build year, making it newer than nearly all comparable properties in Pulberry and on Arden Avenue.
• Primary Appeal: The core appeal is financial accessibility. It represents a lower-cost option for ownership, likely resulting in modest condo fees and property taxes. Its newer build date (for the area) suggests potentially fewer immediate major repair concerns compared to older buildings. The unit last sold in 2017, indicating a period of stable ownership.
• Ideal Buyer: This property would suit a first-time buyer, a single professional, or an investor seeking a straightforward, lower-maintenance rental property. It is less suited for those requiring space for a family, working from home, or extensive personal belongings. A buyer should be comfortable with close neighbors, as the building contains multiple units.

Section 2: Frequently Asked Questions

1. Is this a good value for the money?
Based on the data, its assessed value is aligned with the local area average, but it is priced significantly below the Winnipeg city average. You are paying primarily for location and ownership, not square footage. Value will depend on your priority of affordable entry into the market versus space.

2. How does the 1989 build date affect the property?
While newer than most surrounding homes, a 37-year-old building will still have age-related considerations. Prospective buyers should inquire about the status of major common elements like the roof, windows, plumbing, and heating systems, and review the condo reserve fund study to understand future fee obligations.

3. The living area is ranked "Below Average." How small does it feel?
At 571 sqft, the layout will be efficient. It's crucial to view the unit in person and assess if the floorplan meets your daily needs. Consider if there is adequate storage, how the space accommodates your furniture, and if you are comfortable with the proportions of the living, sleeping, and kitchen areas.

4. What can the 2017 sale price tell me?
The previous sale (estimated between $100k-$150k) provides a historical benchmark, but does not determine current market value. More importantly, it suggests the unit has not been flipped recently, which may indicate consistent tenancy or ownership.

5. How do I find out exact past sale prices and condo fee details?
The site notes that exact sale figures are not publicly displayed due to data sources. You must request this information directly via email for a manual lookup. Condo fee details, rules, and the financial health of the corporation are critical and must be obtained by reviewing the condo documents during the offer process.