Property Overview & Key Characteristics
This one-and-a-half storey home at 105 Arthur Wright Crescent in Winnipeg's Mandalay West neighbourhood presents a practical opportunity. Built in 1983, its primary appeal lies in its generous 7,627 sqft lot, which ranks within the top 12% for size in the area, offering significant outdoor space and potential. The 1,328 sqft living area is comfortably above average for its street. A key feature is the renovated basement, adding valuable finished space. While the home lacks a garage, its assessed value is closely aligned with recent sale prices, suggesting a stable market perception.
This property would suit first-time buyers or downsizers looking for a manageable home with ample yard space in an established community. It also appeals to value-oriented buyers who see potential in a larger lot and are willing to forgo some modern updates or a garage for a solid foundation in a neighbourhood where the property size itself is a standout asset.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a significant feature, ranking in the top 18% on its street and top 12% in the wider Mandalay West neighbourhood for size. This is notably larger than many surrounding properties.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish quality, layout, and whether it includes a separate entrance or legal suite are not provided. This would require clarification during a viewing.
3. Is the lack of a garage a major concern?
While the home has no garage, the very large lot may offer space for adding a parking pad or future structure, subject to local bylaws. This is a trade-off for the substantial outdoor space.
4. How current are the interior finishes given the home's age?
The home is 43 years old. The renovated basement is noted, but the condition of the main living areas, roof, windows, and major systems should be verified through a professional inspection.
5. How does the assessed value relate to the expected selling price?
The home was last sold in March 2022 for $38,500 and is currently assessed at $38,900. This close alignment suggests a stable value, but the final price will depend on market conditions, the home's specific condition, and buyer demand.