Property Overview
8 Mallard Way is a well-situated bi-level home in Winnipeg's Inkster Gardens neighbourhood. Built in 1985, it features a renovated basement, a detached garage, and sits on a generous 5,565 sqft lot. With 994 sqft of living space and a recent assessed value of $40,100, it presents a practical and affordable entry point into the market.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of space, condition, and value. The renovated basement adds functional living area, while the detached garage and above-average lot size for the area offer valuable utility and outdoor potential. Its assessed value is consistently "around average" compared to neighbours and the wider city, suggesting a fair market position without inflated premiums.
A thoughtful perspective is its relative newness; built in 1985, it is notably newer than many homes on its own street and city-wide, which can mean fewer concerns with aging core components compared to older stock. The appeal is practical rather than luxurious, suited for first-time homebuyers, downsizers, or investors seeking a straightforward, manageable property. It’s ideal for someone who values a bit more yard space and a modernized interior over a large main-floor footprint.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 994 sqft, the living area is below the average for both the immediate neighbourhood and Winnipeg overall, placing it in the smaller third of homes. This indicates a compact, efficient layout.
2. Is the assessed value a reliable indicator of the selling price?
The assessed value ($40,100) is a municipal tax valuation. The home last sold for an estimated $39,500–$42,500 in late 2023, showing assessed value can be closely aligned with recent market activity in this area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification on the finishes, legal compliance, and whether it includes a separate entrance or kitchen facilities.
4. How does the lot size benefit a buyer?
The lot of 5,565 sqft is larger than many in Inkster Gardens, offering more private outdoor space than typical for the neighbourhood—a advantage for gardening, recreation, or future expansion.
5. Where can I find the exact historical sale price?
The provider notes that exact sold prices are verified manually from non-public data. You can request this detailed history via email on their site, as the figures shown are estimated ranges.