Property Overview
84 Leahcrest Crescent is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1983, its key appeal lies in its generous, above-average lot size of nearly 7,000 sqft, offering more outdoor space than most homes on its street and in the wider area. While the living area is modest at 969 sqft, the property presents a value-oriented entry point into a mature community. Its assessed value is consistently around the average mark for its immediate surroundings, suggesting it is priced in line with local expectations rather than standing out as exceptionally high or low.
This home would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space. It’s a practical choice for someone who values a larger garden, potential for outdoor projects, or simply more privacy than a typical city lot provides. The appeal is grounded in space and location over size or modern finishes, ideal for a buyer comfortable with a home from the early 80s and who sees potential in the land itself.
Frequently Asked Questions
How does the home’s size compare to others?
The living area is 969 sqft, which is below the average for both Mandalay West and the city overall. This indicates a more compact interior layout, but it is offset by the property's significantly larger-than-average lot.
What is the property’s value proposition?
The assessed value is around average for the street and city, but below average for the Mandalay West neighbourhood. This could suggest a value opportunity within this specific community, especially when combined with the premium of a larger lot.
Is the lot size a significant feature?
Yes. The land area of 6,885 sqft ranks in the top 20% compared to homes on the same street, in the neighbourhood, and citywide. This is the property's most standout characteristic, offering rare space for expansion, gardening, or recreation.
What does the sale history indicate?
The home sold in the $350k-$400k range in 2022 and in the $250k-$300k range in 2020. This recent activity shows a active market for the property, with the last sale occurring at a price point significantly above its assessed value, which is common.
How old is the home, and what does that mean?
Built in 1983, it is newer than many homes on its street but older than the average for Mandalay West. Buyers should anticipate maintenance and updates consistent with a home over 40 years old, while also considering that major systems may have been replaced over time.