401-1936 St Mary'S Road

Property Overview & Key Characteristics

This property at 401-1936 St Mary's Road is a modern, low-maintenance condo unit in Winnipeg's River Park South neighbourhood. Built in 2018, its key appeal lies in its contemporary construction, offering a move-in-ready home without the concerns of aging infrastructure or major near-term repairs. The 1,119 sqft living area provides a comfortable footprint for a condo.

Its standout feature is its exceptional location ranking—it sits in the top 1% of its street and the top 0% of its entire neighbourhood and city for desirability, suggesting a highly sought-after address. While the living space is average for the area, the newness of the building is a significant advantage, ranking in the top 9% on its street. The assessed value is modest compared to some similar-sized local homes, which may indicate a relatively lower condo fee structure or an attractive entry point into a prime location.

This home would suit first-time buyers seeking a modern, worry-free property, downsizers looking to maintain space without the upkeep of a house, or investors targeting a unit with strong locational appeal and newer building systems that minimize maintenance costs.

Frequently Asked Questions

1. What are the condo fees, and what do they cover?
This is the most critical question. While not listed here, the fees directly impact affordability. Given the building's age (2018), fees should ideally cover a healthy reserve fund for future repairs, but you must review the corporation's financial statements for details on coverage and long-term planning.

2. How does the "top 1% location" ranking translate to daily life?
The ranking is based on sales data and demand. It likely means the property is on a quiet, desirable part of St. Mary's Road, possibly with excellent access to amenities, parks, or transit, contributing to strong resale value. Verify what specific features (proximity to parks, schools, shopping) drive this demand.

3. The living area is average, but the assessed value seems lower than some comps. Why?
This can be due to several factors, including the specific condo fee amount, the unit's orientation or view, finish level, or the assessed value simply not yet reflecting current market conditions. It warrants a closer look to ensure there's no underlying issue.

4. As a 2018 build, what major capital projects might be coming up?
While very new, buildings often face their first significant maintenance projects (e.g., exterior repairs, elevator updates) around the 10-15 year mark. Review the reserve fund study to see how these future costs are being planned and funded.

5. The listing shows no basement, garage, or pool. What amenities does the building offer?
The listing highlights what it lacks. You'll need to inquire about what it provides, such as underground parking, a storage locker, a gym, or a common room, to fully understand the lifestyle and value offered.