Property Overview
This home at 75 Foxwarren Drive in Winnipeg's Mandalay West neighbourhood presents a solid, middle-of-the-road offering that excels in its immediate context. Built in 1999, its key appeal lies in being a well-situated, established property that offers above-average value for its area without standing out as exceptional in any single metric.
The 1,462 sqft living space is modest for the street but aligns closely with the city-wide average, suggesting a practical, manageable layout. Its assessed value, however, is a notable strength—ranking within the top 11% for the Mandalay West area—indicating it is viewed as a higher-value property within a desirable neighbourhood. The lot size is smaller than others on the street but is still above average for both the wider area and the city, offering a decent outdoor space with less maintenance.
This property would suit a pragmatic buyer, perhaps a young family or a professional couple, who prioritizes location and perceived value over sheer size. It’s for someone looking for a home in a mature neighbourhood without the premium price tag of a newer build or the extensive upkeep of a larger lot, offering a balanced entry into a community where property values are strong.
Frequently Asked Questions
How does this home’s value compare to its neighbours?
While the home’s living area is average on its street, its assessed value is significantly higher than most in Mandalay West (top 11%). This suggests it may have desirable features, updates, or a premium lot placement that isn't fully captured by the basic metrics.
Is the lot size a disadvantage?
The lot is below average for Foxwarren Drive but remains above average for both the broader neighbourhood and Winnipeg overall. This could be an advantage for buyers seeking a manageable yard with less maintenance, while still having private outdoor space.
What does the sale history indicate?
The home sold between $500k-$550k in 2023. This recent sale provides a concrete, modern benchmark for its market value, showing it transacted at a level consistent with its above-average assessment for the area.
How does the age of the home factor in?
Built in 1999, the home is newer than most in Winnipeg but typical for its street. Buyers benefit from modern construction standards while likely facing the expected maintenance or update projects for a 25-year-old house, such as roof, windows, or major systems.
Why is the assessed value higher than the city average?
The assessed value ranks well above city averages because Mandalay West is a desirable neighbourhood. This disparity highlights that property value is heavily influenced by location, and this home benefits from that desirability more than it does from its specific size or lot dimensions.