Property Overview & Appeal
This well-situated home at 52 Leahcrest Crescent in Winnipeg's Mandalay West neighbourhood presents a compelling opportunity. Its key appeal lies in a combination of a generous, above-average lot size and a home that is newer than most on its street. With 1,076 sqft of living space, the house itself is modest and slightly below the area average, suggesting a manageable layout. However, it sits on a large 8,494 sqft lot, ranking in the top 10% locally, which offers significant outdoor space and future potential. The 1984 build date makes it one of the newer homes on the block, likely meaning fewer immediate concerns with aging infrastructure compared to older peers.
The property would suit first-time buyers or downsizers looking for a solid, low-maintenance bungalow-style home with room to garden or expand outdoors. It also appeals to value-conscious buyers who prioritize land size—a rarer commodity in established areas—over a large interior footprint. The assessed value is strong for the immediate street, indicating the municipality sees solid value here relative to neighbours.
Frequently Asked Questions
1. Is the house too small for a growing family?
At 1,076 sqft, the living space is functional but compact. It may suit a young family starting out or a household that values large outdoor space over expansive indoor areas. The sizable lot does offer room for a future addition, subject to permits.
2. Why is the assessed value so much lower than the last sold price range?
The assessed value (used for property tax calculation) is often significantly lower than market value. The 2020 sale price of $300k-$350k reflects what a buyer actually paid, while the $40,500 assessment is a provincial valuation for tax purposes—this discrepancy is normal in Winnipeg.
3. What does the "above average" year built ranking mean for maintenance?
Built in 1984, the home is newer than 92% of homes on its street. This typically suggests major components like the roof, windows, and furnace may have been updated more recently than in a 1960s home, but a thorough inspection is still essential to verify the condition of these 40-year-old systems.
4. How does the large lot size impact costs and responsibilities?
A lot nearly 50% larger than the neighbourhood average means more yard to maintain (mowing, landscaping) and potentially higher water bills for outdoor use. However, it also provides more privacy, recreation space, and is a long-term asset as smaller lots become more common.
5. Can I find out the exact price it sold for in 2020?
The exact sale price is not publicly listed. The listing service provides the range, and you must contact them directly via email to request the precise figure, which they provide manually as a courtesy service.