Property Summary: 703 Adsum Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 703 Adsum Drive in Mandalay West is a practical, entry-level property with a specific value proposition. Built in 1980, it is a newer construction compared to many on its own street. Its key characteristic is its modest scale, featuring 820 sqft of living space on a 3,499 sqft lot. Both the living area and the current assessed value are below the averages for the immediate neighbourhood and the wider city, indicating a more affordable price point.
The appeal lies in its position as a potential starter home or a straightforward investment within a established community. It suits first-time buyers seeking a foothold in the market without a premium price tag, or investors looking for a rental property with a lower entry cost. A less obvious perspective is that its smaller size and lot, while below area averages, can translate to lower utility costs and less maintenance—an advantage for those seeking simplicity. The data suggests you are paying primarily for the structure and location rather than for extensive land.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
Based on the provided metrics, the home’s assessed value and living area are consistently below averages for Mandalay West and Winnipeg. This typically indicates a lower purchase price relative to the neighbourhood, which can represent a value for buyers comfortable with a smaller home.
2. What does the sold price history tell us?
The property sold between $250,000 and $300,000 in 2022. For a precise figure, you must request the exact sold price history via email from the listing service, as they provide this detail manually.
3. How does the lot size compare?
The lot of 3,499 sqft is above average for Adsum Drive itself but is below the average lot size for both the Mandalay West neighbourhood and the city overall.
4. What are the potential drawbacks?
The primary consideration is space. The living area is notably smaller than typical homes in the area, which may not suit growing families or those needing more room. The rankings show it falls in the lower tiers for size and value within its broader community.
5. Who would this property not suit?
It would likely not suit buyers looking for a spacious family home, those who prioritize being at or above neighbourhood averages for square footage, or anyone seeking a large yard. Its profile is geared toward minimalists, first-time buyers, or investors.