Property Overview: 124 Malcana Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1980-built home in River East presents a solid, middle-of-the-road offering in the Winnipeg market. With 1,054 sqft of living space on a 5,498 sqft lot and an assessed value of $383k, it consistently ranks as "around average" compared to homes on its own street, in the neighborhood, and across the city. Its appeal lies in this very stability—it’s a predictable property without extreme outliers in size, value, or age, which can simplify the valuation and buying process.
The home would suit pragmatic, value-conscious buyers such as first-time homeowners or investors looking for a straightforward entry into the River East area. It’s not the largest or newest on the block, but its metrics suggest it aligns closely with the established character of Malcana Street. A thoughtful perspective is that this consistency can indicate a stable, mature street with less variance in upkeep and resident turnover, which some buyers prefer over a block with more dramatic highs and lows between properties. The lot size is notably below the neighborhood average, which may appeal to those seeking lower outdoor maintenance, though it offers less private space than many surrounding homes.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its last sale price?
The property sold in June 2017 for a price between $300k and $350k. The current assessed value of $383k sits above that range, reflecting market changes over the past eight years.
2. Is the living space smaller than typical for the area?
Yes, at 1,054 sqft, it is below the River East neighborhood average of 1,399 sqft. However, it is much closer to the average for its specific street (1,334 sqft) and the city-wide average (1,342 sqft).
3. What does the "around average" ranking mean for most metrics?
For assessed value, living area, and year built, this home consistently falls near the median when compared to similar homes on its street, in River East, and across Winnipeg. This suggests it is a very typical property, which can simplify comparisons and financing.
4. Is the lot size a significant consideration?
The lot of 5,498 sqft is below the neighborhood average. This means less yard space than many River East properties but could mean less maintenance. It is closer to the average lot size for the street itself.
5. How can I get the exact historical sale price?
The displayed sold price is an estimated range. Due to industry rules, exact MLS sale records are not published on this site. You can request the exact figure via email from the service, which will provide a manual lookup.