Property Overview
This home at 76 Leahcrest Crescent presents a specific value proposition centered on its land and location. The 752 sqft bungalow, built in 1983, sits on a notably large lot of 6,885 sqft, which ranks in the top 20% for size both on its street and in the wider Mandalay West area. Its assessed value is modest compared to immediate neighbours, but aligns more closely with the Winnipeg average. The home last sold between 2016 and 2025 for an estimated $200k-$250k.
Its primary appeal lies in the potential of the generous, above-average lot in a mature neighbourhood. The house itself is compact and below average in size for the area, suggesting it may be ideal for a minimalist buyer, an investor, or someone looking for a land-value play. This property would best suit a practical first-time buyer comfortable with a smaller footprint, a renovator who sees potential in expanding the existing structure, or an investor attracted by the lower entry point and the enduring value of a large lot in a settled community. It's less suited for those seeking immediate move-in space or a premium finish without additional investment.
Frequently Asked Questions
1. Is the house too small for a family?
At 752 sqft, the living space is significantly below the area average. It could work for a small or starter family, but would feel cramped for those needing multiple bedrooms or dedicated living areas. The large lot does offer room for future expansion, subject to permits and budget.
2. Why is the assessed value relatively low?
The assessed value is below average for Mandalay West, which is likely a reflection of the home's smaller size and older construction (1983) compared to many area homes. This can be an advantage for property tax calculations.
3. What can I do with such a large lot?
The lot is the standout feature. Beyond gardening, it offers clear potential for additions, a garage/workshop, or creating generous outdoor living space. For an investor, it also represents future subdivision potential, should local zoning allow.
4. How does the 2016-2025 sale price compare to today's market?
The prior sale range of $200k-$250k is a historical data point. Current market value will depend on present conditions, the property's state, and buyer demand for lots of this size. It indicates the home has been affordable relative to the city in the recent past.
5. Are the nearby properties similar?
Nearby homes on Leahcrest Crescent have a mix of sizes and ages. The data shows this home has a smaller living area than most direct neighbours but a larger lot than many, placing it in a unique niche on the street.