Property Overview
60 Chapparal Crescent is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1987, it offers 1,238 square feet of living space on a 4,996 square foot lot. The home sold in 2024 for an estimated $450,000–$500,000, which was notably above its assessed value, indicating a competitive market interest. Within its immediate street and area, its living space and lot size are below average for comparable homes, but it holds a more competitive position when viewed city-wide.
Key Characteristics & Appeal
This property represents a classic, no-frills Winnipeg home. Its appeal lies in its established neighbourhood setting and its position as a more manageable, mid-sized property. It would suit first-time buyers or downsizers looking for a solid entry point into a mature community without the scale or maintenance of a larger lot and home. A thoughtful perspective is that while it ranks lower on its street for size and value, its successful recent sale suggests buyers may see value in its relative affordability and potential in a well-located area. It’s a practical choice for someone prioritizing location and community over square footage.
Frequently Asked Questions
1. Why is the sold price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the current market. The sale price reflects what a buyer was willing to pay in the competitive 2024 market, which can be influenced by factors like condition, updates, and buyer demand not fully captured in the assessment.
2. How does the home’s size compare to others in Winnipeg?
At 1,238 sq ft, the living area is around the city-wide average for comparable homes. It’s smaller than most on its own street, but this can translate to lower utility costs and less upkeep.
3. What does the “below average” ranking for lot size mean?
The lot is 4,996 sq ft, which is smaller than many on Chapparal Crescent and in Mandalay West. This means less yard maintenance but also less private outdoor space compared to some neighbours.
4. Is a home built in 1987 considered old?
Not in the Winnipeg context. The city-wide average build year for comparable homes is 1966, making this home newer than many. However, being nearly 40 years old, a prospective buyer should budget for potential updates to major systems like roofing, windows, or HVAC.
5. How can I find out the exact sold price?
The exact sale price is not publicly listed in detail. As noted on the listing, you can provide your email to the service to request the precise figure, which they provide manually without using your information for marketing spam.