Property Overview: 408 Mandalay Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 947 sqft bungalow, built in 1978, presents a compelling opportunity in the Mandalay West neighbourhood. Its primary appeal lies in a standout characteristic: the 3,986 sqft lot is exceptionally large for the immediate street, ranking in the top 5% on Mandalay Drive. This offers above-average outdoor space and potential for expansion or gardening compared to nearby homes.
The home itself is modest in size but sits above the street average for living area. Its assessed value is around the neighbourhood norm, suggesting it is priced accessibly within the area. While the property is below the city-wide averages for lot size and living area, it represents a solid, grounded option within its established community.
This property would suit first-time buyers or downsizers seeking a manageable home with a generous yard in a quiet area. It’s for those who value practical outdoor space over a large interior and appreciate a home that is financially accessible within its local context. A thoughtful perspective is that this home offers a chance to own a property where the land itself—a scarce resource—is the premium feature on the street, providing a foundation for future enjoyment or investment.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the average for Mandalay Drive, but is notably below the average for the broader Mandalay West area. This indicates it may offer a more accessible entry point into the neighbourhood.
2. What does the lot size ranking actually mean?
The “Top 5%” ranking for land area means this property has one of the largest lots on Mandalay Drive itself. However, compared to all lots in Mandalay West and city-wide, it is below average. The key takeaway is you get a superior lot for this specific street.
3. Is the living space sufficient for a small family?
At 947 sqft, the living area is above the street average but below the neighbourhood and city averages. It would be most comfortable for individuals, couples, or small families comfortable with cozy, efficient living spaces.
4. Where can I find the exact historical sale price?
The listed sale price range is based on public data. The exact sold price is available by request via email from the listing service, which they provide manually without using your email for marketing.
5. What are the implications of the 1978 build date?
Built in 1978, the home is slightly older than the average on its street and in Mandalay West, but is newer than the median home city-wide. Buyers should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems, while appreciating its established location.