Property Overview: 3 Malanchuk Place, Winnipeg
Key Characteristics & Appeal
This home at 3 Malanchuk Place in Mandalay West is a well-situated property built in 1998, offering a balanced and practical living proposition. With 1,435 sqft of living space, it sits comfortably within the average range for Winnipeg overall, though it is on the more modest side for its immediate street. Its true standout feature is the 6,589 sqft lot, which is notably larger than most lots citywide and in the broader Mandalay West area, offering valuable outdoor space and potential.
The appeal lies in its strong positional value. The assessed value of $50.40k (note: this appears to be a truncated figure; context suggests market value is significantly higher, aligning with recent sale ranges) consistently ranks above average for both the neighbourhood and the entire city, indicating a perception of solid worth. Recent sale history suggests steady market activity. This property would best suit pragmatic buyers—perhaps small families, downsizers, or first-time homeowners—who prioritize a generous yard in a mature, established neighbourhood over having the largest house on the block. It represents a sensible compromise: a home with modern-enough infrastructure (late 90s build) on a premium-sized lot without the premium price tag of a maximized new build.
Frequently Asked Questions
1. What is the actual market value of this home?
The provided assessed value figure is a partial representation used for comparison. Based on recent sold price ranges ($400k-$450k in 2020, $350k-$400k in 2017), the current market value would be determined by recent comparable sales, condition, and market trends.
2. How does the lot size compare to others?
The lot is a key advantage. At 6,589 sqft, it is larger than approximately 79% of residential lots across Winnipeg and ranks above average within the Mandalay West neighbourhood, offering more private outdoor space than typical.
3. Is the living space small for the area?
At 1,435 sqft, the living area is slightly below the average for Malanchuk Place itself but is very close to the citywide average. It offers functional space for a household that values room to spread out outside as much as inside.
4. What does the "above average" assessed value ranking mean?
This ranking indicates that, compared to similar homes in its class across Winnipeg and Mandalay West, this property's official assessed value is higher than most. This often reflects a combination of its lot size, location, and condition relative to peers.
5. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed in detail. The listing service offers to provide this precise information manually via email request, promising a reply by the end of the same business day without using your email for unsolicited marketing.