208-2033 Henderson Highway

Property Overview: 208-2033 Henderson Highway

Key Characteristics & Appeal

This is a modern, low-maintenance condo unit in Winnipeg's River East area, built in 2016. Its primary appeal lies in its combination of a recent build year and a notably low property tax burden, as reflected by its assessed value of $31,300. With 1,023 sqft of living space, it sits in a practical size range for individuals, couples, or small households seeking an affordable entry into homeownership without the upkeep of a house.

The data suggests it suits specific buyer profiles well. First-time buyers or downsizers will find the newer building age reassuring, potentially minimizing immediate repair costs. Investors may see value in a relatively modern unit with a stable assessment in a mature neighbourhood. Importantly, its appeal is for those prioritizing financial efficiency and simplicity over prestige; this is a functional home base in a well-established community, not a luxury property. A less obvious perspective is its potential as a "financial runway" property—allowing an owner to build equity with lower carrying costs, freeing up capital for other goals.

Frequently Asked Questions

1. What does the assessed value tell me about property taxes?
The assessed value of $31,300 is directly used to calculate your annual property tax bill. A lower assessment typically translates to significantly lower taxes compared to similar-sized, older homes in the area with higher assessments.

2. Is this a standalone condo building or part of a larger complex?
The listing and nearby addresses (e.g., 201-2033, 202-2033) indicate this is a unit within a multi-suite condo building or townhouse complex, not a detached property.

3. What is meant by the ranking percentages (e.g., Top 1% on the street)?
These rankings compare this specific property against others on the same street, in the neighbourhood, and across Winnipeg for metrics like lot size or year built. For example, being in the "Top 1%" for year built on its street means it is one of the newest constructions there.

4. The unit sold for $27,600 in 2016. Is the price now the assessed value?
No. The 2016 sale price was its purchase price when new. The current $31,300 figure is its assessed value for municipal tax purposes, not its market listing price. The market price is set by the seller.

5. There's no basement or garage listed. Does this mean none exist?
Typically, yes. When fields like "Basement" or "Garage" are marked as "No" or "—", it generally indicates those features are not present for this specific unit. Confirmation should be sought regarding any shared or dedicated parking arrangements.