Property Overview & Appeal
This home at 74 Duval Street in Mandalay West presents a practical and straightforward opportunity. Its key characteristic is balance: with 1,040 sqft of living space, it offers more room than most on its street, yet its assessed value is firmly in the middle range for the area. Built in 1986, it is notably newer than many Winnipeg homes and newer than most on Duval Street, which may suggest fewer immediate concerns with aging infrastructure. The lot size of 4,396 sqft is compact compared to neighbours, implying lower maintenance but less private outdoor space.
The appeal lies in its position as a manageable, no-surprises property in a stable neighbourhood. It would suit first-time buyers or downsizers looking for a home that doesn’t require major updates, and value-conscious investors seeking a property with a lower tax assessment base. A thoughtful perspective is that its "above average" size on a street of smaller homes could make it feel more spacious than its square footage suggests, while the smaller lot could be a hidden benefit for those wanting to minimize yard work.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $35,600 is for municipal tax purposes. The last known sale was between $250k-$300k in 2019. Market value is determined by current conditions, so the assessed value should be viewed as a factor in estimating annual property taxes, not the purchase price.
2. What does the lot size ranking mean for me?
The lot is in the bottom 20% on Duval Street for land area. This typically means a smaller backyard and potentially less distance from neighbours. For some, this is a drawback for privacy or gardening; for others, it means less maintenance and lower landscaping costs.
3. The home is noted as newer than most in the city. What are the implications?
A 1986 build likely means modern wiring, plumbing standards, and possibly better insulation than much older homes. While still 40 years old, it may have undergone fewer renovations or have more original, but potentially dated, interior features compared to a recently renovated older home.
4. How does this home compare to others in Mandalay West?
The data shows it’s a middle-of-the-road property for the wider neighbourhood. Its living space is around the area average, but its assessed value is below the neighbourhood average, which could indicate it’s a relatively affordable entry point into Mandalay West.
5. How can I find out the exact historical sale prices?
The provided sold price is a public data range. The listing service notes that exact sale prices are available by email request directly from them, as they manually compile this non-public data from official sources.