Spotlight on: Copperstone Estates
Year Built: 2007
This condo community has 20 buildings with a total of 40 condos. Each building contains 2 units, semi-attached to one another.
Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc. Pets are allowed, so long as they don’t pose a nuisance to other owners. Owners are allowed to rent out their units, however must assure that their tenants abide by all rules.
Gross Property Taxes range between approx. $4300.00 for the smaller, 1660 sq ft condos, to $4,700 for the larger, 2055 sq ft units. Just as with owning a house, any owner who uses this condo as their primary residence should receive the Provincial Tax Assistance Program credit of $700.
Condo fees are $265 per unit, no matter how large the condo is. This fee includes the management fee, grass cutting and snow clearing, contribution to the reserve fund, which currently sits at over $260,000. Owners are responsible for their own hydro, gas, water and telephone etc.
Laundry and Parking
All units have their own in-suite laundry, and include a double attached garage, with extra parking on their own front drive. There are also half a dozen visitor parking spots in the community. It should be noted that with these types of units, owners are generally NOT permitted to store their boats, RV’s or snowmobile trailers on their front drives. These must be kept inside the garages, and out of view.
Amenities at Copperstone Estates
As is common with these types of condo projects in Winnipeg, there are no external buildings, pools, etc. All units do have their own basements, so owners can install their own fitness equipment, rec rooms, etc. Each unit does have a deck off the kitchen and can enjoy a bbq in their private space.
In the deep end of Island Lakes, these condos offer quiet residential living, away from hustle and bustle noise. Close to the Island Lakes School.
Over the past 4 years, 9 units have sold. 3 in 2017, 3 in 2018, none in 2019, and again 3 in 2020. The unit which sold this year (2020) ranged in size from 1661 to 1734 ft, and sold for a low end of $347,500 (unfinished basement) to $362,000 (fully finished basement) (MLS® stats). These condos take about 3-4 weeks, on average to sell, depending of course on the price and quality of the unit.
If you’re in the market to buy a condo, whether at Copperstone Estates or anywhere else, please contact me anytime…. “Bo Knows Condos”
If you’re thinking of selling your condo, anywhere in the city, please contact me anytime.
Direct Cell 204-333-2202 or email me at [email protected]Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube