Property Overview
This home at 87 Foxwarren Drive in Winnipeg's Mandalay West neighbourhood stands out for its above-average scale and premium positioning within its market. Built in 2000, the property combines a spacious 1,975 sqft interior with a notably large 10,407 sqft lot, offering room to grow and relax. Its appeal lies in a rare balance: it provides the space of a premium property while being relatively modern and manageable. The home ranks in the top tiers for lot size and assessed value both in its immediate area and city-wide, suggesting a solid investment in a desirable location.
It would suit buyers looking for a established family home in a mature neighbourhood, who prioritize generous indoor and outdoor space over a brand-new build. It’s also a strong candidate for those who see value in a property that consistently performs above average in key metrics compared to its peers, indicating long-term stability and desirability.
Frequently Asked Questions
What does the assessed value tell me about this property?
The assessed value of $594,000 places this home in the top 4% on its street and top 2% in Mandalay West. This is a strong indicator of how the market and city assessors view the property's worth relative to others, often reflecting lot size, living area, and overall desirability of the location.
How does the lot size compare to typical city lots?
At over 10,400 sqft, the lot is significantly larger than average. It ranks in the top 5% city-wide and top 3% in the neighbourhood, offering substantial outdoor space that is increasingly rare, especially for a home built in 2000.
Is the living area considered large for this area?
Yes. With 1,975 sqft, the living area is above average for the street, neighbourhood, and Winnipeg as a whole. It ranks in the top 8% on Foxwarren Drive, indicating it is one of the more spacious homes in its immediate vicinity.
The home sold recently. What can that price range indicate?
The 2024 sale price range of $600k-$650k, combined with the high assessed value, suggests a strong and competitive market for well-positioned homes in Mandalay West. It shows buyers are willing to pay a premium for this combination of space, location, and a modern-enough build year.
Why are the comparison homes for 'Similar Assessed Value' located in different neighbourhoods?
This comparison is based purely on municipal assessed value for taxation purposes. It shows that at this valuation tier, you are considering properties across various Winnipeg neighbourhoods, highlighting that 87 Foxwarren Drive offers a premium lot and living space within its price point.