Property Overview & Key Characteristics
This 820 sqft bungalow at 3 Sorokin Street in Winnipeg's Mandalay West neighbourhood presents a specific and practical value proposition. Built in 1982, its key appeal lies in its efficient use of space and its position relative to local comparables. While the living area is modest compared to the wider city, it is quite typical for its immediate street and area. The standout feature is the 3,495 sqft lot, which is notably larger than most on Sorokin Street, offering above-average outdoor space for the locale.
The home’s assessed value is higher than most on its street but lower than the Mandalay West average, suggesting it may offer a balance between affordability within a desirable pocket. It last sold between $300k-$350k in 2021. This profile suits first-time buyers or downsizers seeking a manageable, single-level home with a decent yard in an established neighbourhood, without the premium for excess square footage. It’s a pragmatic choice for those who prioritize lot size over interior space and value consistency within their immediate community over city-wide comparisons.
Frequently Asked Questions
How does this home’s size compare to its neighbours?
At 820 sqft, the living area is very close to the average for Sorokin Street itself. It is, however, more compact than the typical home in both the broader Mandalay West area and Winnipeg overall.
What is the significance of the lot size?
The lot is a key feature. At nearly 3,500 sqft, it is larger than most on the same street, offering more potential for outdoor living, gardening, or expansion than many direct neighbours.
Is the assessed value high or low?
It depends on the scale. The assessment is above average for Sorokin Street but below the average for the Mandalay West neighbourhood as a whole. This can indicate a potentially more accessible entry point into the area.
What can the 2021 sale price range tell me?
The prior sale price of $300k-$350k provides a recent market benchmark. Understanding how current asking prices compare to this range, considering market changes since 2021, is a crucial step in evaluating today’s value.
Who would this property suit best?
It is well-matched for buyers seeking a low-maintenance, single-story home with a respectable yard in an established area. It’s likely less suitable for those needing significant interior space or the newest amenities, but appeals to those who see value in a efficient floor plan and community consistency.