Property Overview: 86 Khalsa Street, Mandalay West, Winnipeg
Key Characteristics & Appeal
This 1,392 sqft home, built in 2008, sits on a roughly 6,000 sqft lot in the Mandalay West neighbourhood. Its key appeal lies in its modern build year relative to the wider city, offering a newer construction advantage without the premium of a brand-new home. The data presents a nuanced picture: while the living area is modest compared to immediate neighbours, the property holds a significantly above-average assessed value citywide. This suggests potential for solid fundamentals, such as desirable finishes or a well-maintained state, that are recognized in the broader market.
The property would suit practical buyers looking for a turn-key, low-maintenance home from the 2000s era, who value a newer building envelope and systems. It’s also a candidate for buyers who prioritize lot size and location within a established neighbourhood over maximum square footage. A thoughtful perspective is that this home may represent a "sweet spot" – newer than most of Winnipeg's housing stock, yet settled into a mature streetscape, potentially offering the best of both eras.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 1,392 sqft, the living area is below the average for Khalsa Street itself but is very close to the average size for both the Mandalay West area and the entire City of Winnipeg.
2. The assessed value seems low. What does that indicate?
The $45,600 assessed value is for municipal tax purposes and is not a market valuation. It's notably lower than many on its street but is above the citywide average for comparable homes. Market value, as indicated by its 2021 sale in the $450k-$500k range, is determined by recent sales and buyer demand.
3. Why is the build year highlighted as a key feature?
Built in 2008, this home is significantly newer than the Winnipeg citywide average (1966) and the Mandalay West area average (1989). This often translates to modern building codes, materials, and less immediate need for major system updates like roof or windows.
4. What can the lot size support?
The 5,952 sqft lot is near the average for the area. It provides ample outdoor space for gardening, play, or entertaining, and is typical for the neighbourhood's character.
5. How can I find out the exact past sale price?
The listed sale price is a public-record range. The exact, verified sale price from 2021 can be requested directly from SaveOnHouse via the email link provided on the listing page.