Property Overview: 725 Adsum Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1980, sits on a modest 2,979 sqft lot in Mandalay West. Its core appeal lies in being a manageable, entry-level home in a stable neighbourhood. The data reveals a property that is consistently "below average" in size and value compared to its immediate street, area, and the wider city, which directly translates to a more accessible price point.
The home would suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance footprint without leaving the city. A thoughtful perspective is that its older construction date (1980) is actually newer than many homes on its street, suggesting it may have benefited from building code updates of that era. While the lot is smaller than most, it offers enough outdoor space for a patio or garden without demanding extensive upkeep. Its assessed value is notably low for the area, which can indicate a correspondingly lower property tax burden—a significant, often overlooked, long-term savings.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it's smaller and on a smaller lot than most homes in Mandalay West. However, it sold in the 2021-2025 period for a price that ranked highly (top 91%) compared to area averages at the time, suggesting buyers valued its move-in readiness or specific condition.
2. Is the lower assessed value a concern?
Not necessarily. A lower assessment relative to the area typically means lower municipal property taxes. It generally reflects the home's more compact size and the modest lot.
3. What are the implications of the smaller lot size?
It means less yard maintenance, which is a plus for those seeking simplicity. However, it also limits potential for large additions or extensive outdoor living spaces. Privacy from neighbours may be less than on larger lots.
4. The home is "below average" in many metrics. Does that mean it's a poor property?
No, it defines its niche. These metrics highlight why it is an affordable option. It appeals precisely to those who prioritize financial accessibility and manageable upkeep over sheer space.
5. How can I find out the exact past sale price?
The exact sold price is not publicly listed. You can request it directly via the email button on the listing page. The service provides the accurate figure manually, typically by the end of the same business day, without marketing spam.