Property Overview: 727 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This 820 sqft bungalow, built in 1979, sits on a 3,020 sqft lot in Mandalay West. Its primary appeal lies in its position as a modest, entry-level home in a mature neighbourhood. The assessed value is notably low compared to the wider city, suggesting a potentially accessible price point for first-time buyers or investors.
The home suits buyers prioritizing practicality and location over size. It’s a candidate for those comfortable with a property that is smaller and older than the area averages, possibly looking for a manageable footprint or a renovation project. A thoughtful perspective is its relative "newness" compared to other homes on its street—it’s actually above average in age rank for Adsum Drive, meaning it might be among the more recently built homes in its immediate row. This isn't a standout luxury property, but a grounded option where value is defined by affordability and potential rather than premium features or space.
Frequently Asked Questions
1. How does this home compare in size to its neighbours?
At 820 sqft, the living area is below the averages for both Mandalay West and Winnipeg overall. However, on its own street (Adsum Drive), it ranks in the top 74%, meaning it's actually larger than many direct neighbours.
2. Why is the assessed value so much lower than the city average?
The assessed value of $28,300 is significantly below the Winnipeg average. This typically reflects a combination of the home's smaller size, older age, and the specific valuation metrics for its neighbourhood. It indicates a lower property tax base, which can be an advantage.
3. What can the sale history tell me?
The home sold between $200k-$250k in 2020. For the exact sale price, you can request it via email from the listing service, as they provide that detail manually.
4. Is the lot size a constraint?
The lot is under 1/10th of an acre, which is common for the street but below the neighbourhood and city averages. It provides a modest outdoor space suitable for low-maintenance landscaping or a small patio, but not for extensive additions or sprawling gardens.
5. Who would this property be most suitable for?
It's best suited for first-time homebuyers, downsizers, or investors seeking an affordable entry into the Winnipeg market. Its manageable size and lower tax assessment appeal to those with a limited budget or who prefer a simpler, more efficient living space without the upkeep of a larger property.