Property Overview
87 Duval Street is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1984, it sits on a roughly 4,700 sqft lot and offers 1,040 sqft of living space. The home's assessed value is notably lower than many in the immediate area, which is a defining characteristic. Its last known sale was between $250k-$300k in 2019.
Key Characteristics & Appeal
This property’s primary appeal lies in its position as a relatively affordable entry point into a stable, mature neighbourhood. With a living area above average for its street and an assessed value below most local comparables, it presents a value-oriented opportunity. The lot size is manageable, suited for those who want outdoor space without extensive upkeep.
It would suit a first-time homebuyer or a practical downsizer looking for a straightforward, no-frills home in a quiet area. The data suggests you may get more interior space for your dollar here compared to neighbours, but the trade-off is likely an older home that may require updates. A thoughtful perspective is that its below-average assessment for the area could indicate a slower pace of value appreciation, but also a lower property tax burden, which adds to its affordability over time.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data indicates its living area is above the street average, while its assessed value is below average. This suggests you might get more interior space for your money here compared to many immediate neighbours.
2. What does the sold price history tell us?
It last sold between $250,000 and $300,000 in 2019. For an accurate, exact sold price, you can request it via email from the listing source.
3. How does the lot size compare?
At 4,727 sqft, the lot is slightly below the average for the broader Mandalay West area but is around average for Duval Street itself. It's a manageable size for typical family use.
4. Is the home older than most in Winnipeg?
Built in 1984, it is newer than the average Winnipeg home but is typical for its specific neighbourhood. This age suggests potential for older components (like roofing, windows, or major systems) to need attention or updating.
5. Why is the assessed value so much lower than some nearby areas?
While its assessed value is below average for Mandalay West, it is closer to the city-wide average. This highlights that values within this specific neighbourhood are generally higher, making this property stand out as a more budget-conscious option within that local market.