Property Overview: 103 Mayer Drive, Winnipeg
Key Characteristics & Buyer Appeal
This 2023-built home in North Inkster Industrial offers a modern living space of 1,568 sqft on a 3,331 sqft lot. Its primary appeal lies in its exceptional newness. It is newer than 99% of homes citywide and ranks among the newest in its immediate area, suggesting minimal maintenance concerns and contemporary building standards. The assessed value of $427k positions it as an average-priced home for the neighbourhood but represents a significant value compared to the higher-priced homes on its own street.
The property presents a specific value proposition. While the living space is slightly below the area average, it is notably above the citywide average, offering efficient, modern square footage. The lot is compact, which may appeal to buyers seeking lower yard maintenance. This home would best suit a buyer prioritizing a modern, turn-key property in a developing area, who values newer construction over a larger lot or the highest square footage on the block. It’s a practical choice for those looking to avoid the immediate repairs often needed in older homes citywide.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $450k-$500k in September 2023. This sale price range was above average for both the city and the broader area at the time, indicating strong initial buyer interest in this new construction.
2. Is the lot size a concern?
The lot is smaller than most in Winnipeg and on Mayer Drive itself. This means lower exterior maintenance but also less private outdoor space. It’s a trade-off that suits some lifestyles better than others.
3. What does the "Elite" ranking for year built mean?
This statistical ranking confirms the home is among the very newest properties available. For a buyer, this translates to modern materials, current building codes, and likely greater energy efficiency, with all major components (roof, HVAC, appliances) under warranty.
4. Why is the assessed value the lowest on the street?
The assessed value is relative to the property's specific characteristics. While newer, this home has a smaller living area and a significantly smaller lot than many neighbours, which are key factors in municipal assessment calculations.
5. How can I verify the exact historical sold price?
The exact sale price is not publicly displayed due to industry data rules. You can request the verified figure directly via email through the listing site for a manual lookup, which they provide as a free service.