Spotlight on The Mosaic at 40 and 60 Shore St. Winnipeg
Year Built: ca. 2009
The Mosaic Condominiums were built in 2 phases. Phase I is located at 40 Shore St and features 40 units in a 6-story building, while the larger Phase II, attach via the indoor, ground level parkade, is made up of 78 units in a 7-story building. Both are concrete structures, and units vary in size from a small, 1 BR, 1 Bath unit of 725 sq feet, to the largest, 2 BR, 2 Bath units of approximately 1100 sq feet.
Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc. Owners or their tenants must abide by the usual condo bylaws.
Gross Property Taxes vary from approximately $1900 for the smallest unit, to approx. $2800 for the largest. As always, owner-occupants do qualify for the Provincial Tax Assistance, just as house-owners do.
Condo fees vary from $180 per month (smallest condo), to approx. $260 per month for the larger units, which includes snow removal, property maintenance and management fees and water. Owners pay for their own hydro (heat) as well as cablevision and telephone.
Laundry, Parking and A/C
All units have their own insuite laundry. MOST units have an indoor (heated) parking spot, although a few have an outdoor spot with plugin. These units feature central heating (furnace is in the ceiling of the laundry room) as well as central air conditioning.
Amenities at The Mosaic
This Condo project features a very nice fitness room, as well as a ‘Party Room”. What I consider a bonus, this condo’s management company is located right inside the building (at least it was at the time of this report in Jan 2012). This means that owners have easy access to the management company in case of problems. Another nice feature is the security in the building. Owners control entry to the building via their telephone, and yes, cell-phones can be used so long as the owners cell phone is a local number.
Located right at Bison Dr and Pembina Hwy, at 40 & 60 Shore St, this condo is close to all bus-routes, the University of Manitoba, the new Stadium and major shopping centres.
During the 2 yr period of 2010-2011, condos at The Mosaic have sold for between $190,000 and $285,000, depending on size and location within the building. (MLS® stats)
If you’re in the market to buy a condo, whether at The Mosaic or anywhere else, please click on Condo Finder Form. If you’re thinking of selling your condo, anywhere in the city, please go to my Free Market Evaluation Form.
TD Bank: little chance of real estate crash in … – Winnipeg Free Press
They said the market segment that’s at greatest risk in both cities is condominiums, but suggested there may be enough demand to absorb the new supply that has been built in recent years or currently under construction. Referring to data supplied … Super-low mortgage rates and high demand have driven housing sales and prices higher, especially in large urban centres such as Toronto and Vancouver, particularly in the hot condo market. However, CMHC has said …
That’s how The Forks began and how Edmonton’s old CN Yards became the site of a huge, architecturally interesting college, hipster condos, lofts and student housing with stores and a weekend farmers market nearby. CP Rail has never publicly suggested they are ready to abandon the Logan and Weston yards … You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or …