Property Overview: 664 Adsum Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 664 Adsum Drive in Mandalay West presents a compelling case for value-focused buyers. Its key characteristic is a clear sense of balance: it offers a living space (1,200 sqft) that is notably larger than most on its street and in the immediate neighbourhood, yet it carries an assessed value that is below average for the area. Built in 1978, it is on the newer side for Adsum Drive. The lot size, while modest by broader city standards, is above average for the street.
The primary appeal lies in this combination of more interior space for the money within its specific locale. It suits a first-time homebuyer or a practical downsizer looking for a solid footprint in a mature neighbourhood without a premium price tag. A thoughtful perspective is that this property may represent an "efficiency play" within Mandalay West—you're acquiring a home that outperforms its direct peers in living area while the financial metrics (assessed value, recent sold price range) suggest it hasn't commanded a corresponding premium, potentially indicating room for personal value addition.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home's assessed value is $26,600. For reference, a nearby, slightly smaller home at 652 Adsum Drive sold in the $250,000–$300,000 range in 2023 with a higher assessed value. This discrepancy is common, as assessed value for taxation purposes often differs from market value.
2. Is the living space truly larger than neighbouring homes?
Yes. The 1,200 sqft living area ranks in the top 4% on Adsum Drive, where comparable homes average about 953 sqft. It is also above the average for the wider Mandalay West area.
3. What does the "below average" ranking for assessed value in the neighbourhood mean?
It means the home's official assessed value is lower than most homes in Mandalay West. This can be a double-edged sword: it may suggest a lower property tax burden, but it could also reflect factors the assessment considers, such as updates or features relative to other area homes.
4. How can I find out the exact historical sale price for this property?
The provider offers a manual service to share the exact sold price history. You can submit your email via the "Get exact sold price history" button with the assurance it will not be used for unsolicited marketing.
5. The lot seems smaller than the city average. Is that a concern?
The 3,171 sqft lot is below the Winnipeg average but is actually above average for Adsum Drive itself. This is typical for mature, established neighbourhoods. It suggests a lower-maintenance yard, which could be a benefit for many buyers.