Property Overview
80 Leahcrest Crescent presents as a well-established home in Winnipeg's Mandalay West neighbourhood, built in 1981. Its primary appeal lies in offering solid, middle-of-the-road fundamentals with one standout feature: a larger-than-average lot. With 1,299 sqft of living space and an assessed value that sits around the median for its area, this is not a flashy property, but a grounded one. It last sold in the $400k-$450k range in 2024.
Key Characteristics & Ideal Buyer
This home’s key characteristic is its proportionately generous 6,885 sqft lot, which ranks in the top 20% both for its immediate street and the wider Mandalay West area. This offers valuable outdoor space and potential not found in many comparable properties. Otherwise, the home is statistically average for its locale in terms of living area, assessed value, and age. Its appeal is for the practical buyer who values space over a modern footprint—someone looking for a established neighbourhood where they can garden, entertain outdoors, or potentially expand in the future. It would suit a first-time buyer or a downsizer seeking a manageable home without sacrificing yard size, or an investor attracted to a stable area with consistent, average valuations. A less obvious perspective is that its "average" metrics across the board could signal a lower-risk, predictable investment in a neighbourhood without extreme highs or lows.
Frequently Asked Questions
1. What does the sold price range tell us?
The 2024 sale in the $400k-$450k range suggests the market price significantly exceeded the assessed value (which is for tax purposes), indicating strong buyer demand for homes in this area and lot type.
2. How does the lot size compare practically?
At nearly 7,000 sqft, the lot is substantially larger than the Mandalay West average (~5,800 sqft). This translates to more private outdoor space and greater distance from neighbours than is typical for the area.
3. What might "built in 1981" mean for maintenance?
As a 45-year-old home, it is likely past its original major components (like roof, windows, furnace). A savvy buyer would budget for updates and prioritize a thorough inspection, but the home is not as old as the citywide average.
4. Is the living space suitable for a growing family?
At 1,299 sqft, it is slightly above average for the street but below the city average. It likely offers 3 bedrooms, suitable for a small to medium family, but may feel constrained compared to newer suburban builds.
5. How does this property fit within Mandalay West?
The data shows it is a very typical home for Mandalay West in value and size, but with a better-than-typical lot. This positions it as a standard offering in the neighbourhood with a distinct land advantage.