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26-1903 St Mary'S Road

BasementNoPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
1987 39 years ago
Top 64%319/495
Top 44%473/1069
Top 51%13754/26841

26-1903 St Mary'S Road: For Year Built. On St Mary'S Road, around averageTop 64%, rank 319 of 495, and comparable homes in that group average about 1999. in River Park South, around averageTop 44%, rank 473 of 1069, and comparable homes in that group average about 1994. citywide, around averageTop 51%, rank 13754 of 26841, and comparable homes in that group average about 1990.

Living Area
1,352 sqft
Top 31%152/495
Top 16%173/1069
Top 16%4299/26841

26-1903 St Mary'S Road: For Living Area. On St Mary'S Road, around averageTop 31%, rank 152 of 495, and comparable homes in that group average about 1,191 sqft. in River Park South, above averageTop 16%, rank 173 of 1069, and comparable homes in that group average about 1,054 sqft. citywide, above averageTop 16%, rank 4299 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
28.20k
Top 63%312/495
Top 41%435/1069
Top 34%9083/26841

26-1903 St Mary'S Road: For Assessed Value. On St Mary'S Road, around averageTop 63%, rank 312 of 495, and comparable homes in that group average about 32.20k. in River Park South, around averageTop 41%, rank 435 of 1069, and comparable homes in that group average about 27.10k. citywide, around averageTop 34%, rank 9083 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 5/2024360k
MetricSame streetSame areaCity-wide
Sale price
360k
Top 35%175/495

Around average

same street Top 35%

Top 24%258/1069

Above average

neighbourhood Top 24%

Top 16%4360/26841

Above average

Winnipeg Top 16%

Sold 11/202022.50k
MetricSame streetSame areaCity-wide
Sale price
22.50k
Top 78%386/495

Below average

same street Top 78%

Top 47%502/1069

Around average

neighbourhood Top 47%

Top 52%13961/26841

Around average

Winnipeg Top 52%

Highlights & common questions: 26-1903 St Mary'S Road, Winnipeg

Property Summary: 26-1903 St Mary's Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained, mid-sized condo unit in the established River Park South neighbourhood. Built in 1987, it offers 1,352 sqft of living space. The standout feature is its exceptional location within its immediate area—it ranks in the top 1% of properties on its street and the top 0% within its wider neighbourhood and all of Winnipeg for its specific area ranking, suggesting a particularly desirable building or site.

Its appeal lies in a combination of solid space, a prime local position, and recent market validation, having sold for $360,000 in May 2024. This represents a significant increase from its 2020 sale price, indicating strong market interest. The property suits practical buyers looking for a turnkey home in a mature community without the upkeep of a house. It would particularly appeal to downsizers seeking ample space, or to professionals and small families who value location and community stability over a yard or garage. A thoughtful perspective is that while the assessed value is relatively modest, the recent sale price confirms buyers are placing a premium on the unit's specific livability and location, seeing value beyond the municipal assessment.

Section 2: Frequently Asked Questions

1. What does the "area ranking" actually mean?
It means this specific property's lot or building site is among the very best on its street and in its neighbourhood when compared to others, likely due to factors like positioning, views, or building placement that aren't captured by square footage alone.

2. Why is there such a large gap between the assessed value ($28.2k) and the recent sale price ($360k)?
Municipal assessed value in Manitoba is primarily for tax purposes and is often significantly lower than market value. The sale price is the true indicator of what the current market is willing to pay for the property.

3. Are there any extra monthly fees?
As a condo unit, there will be a monthly condominium fee covering shared expenses like building insurance, maintenance, common area utilities, and reserve fund contributions. The listing does not specify the amount, so this must be verified.

4. What does "Basement: No" indicate?
It typically means this is a single-level unit, likely on an upper floor of the building, with no lower-level basement space included.

5. How does this property compare to nearby homes?
Compared to nearby reference properties in River Park South, this unit offers more living space than most, while its recent sale price aligns with the upper range for the area, reflecting its perceived premium.

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