Property Summary: 14 Mallard Way, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a practical and competitively positioned property. Built in 1985, it is notably newer than most homes on its street and across Winnipeg, suggesting potentially fewer major age-related concerns. With 1,140 sqft of living space and a renovated basement, it offers functional space for a small family or couple. The attached garage and a land size above the neighbourhood average (5,565 sqft) are solid practical benefits.
Its primary appeal lies in its value proposition within its immediate area. The assessed value ranks above average for Mallard Way, indicating it is viewed favorably compared to its direct neighbours. Recent sale history shows steady price growth, pointing to stability. This isn’t a luxury home, but a well-situated, sensible choice in the market.
This property would best suit first-time buyers or practical downsizers looking for a move-in-ready, low-maintenance home in a established neighbourhood. It’s for buyers who prioritize a newer build date and a decent lot size over having the largest square footage in the city. The data suggests it’s a home that holds its own locally, making it a prudent, grounded investment.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 1,140 sqft, the living area is very close to the average for both the street and the wider city. It’s not the largest, but it is squarely in the mainstream, offering typical space for the area.
2. What does the assessed value tell us?
The assessed value of $40,800 is above the street average. This often reflects factors like the renovated basement and the home’s newer age relative to neighbours, suggesting it may have features or condition that the market recognizes.
3. Is the lot size a pro or con?
The lot of 5,565 sqft is a definite pro for Inkster Gardens, ranking above the neighbourhood average. It provides more outdoor space than many nearby properties, which is a valuable asset.
4. The home sold in 2022 and 2017. What does that history show?
The sold price increased significantly between 2017 and 2022, showing strong appreciation over that five-year period. This trend indicates the property has kept pace with or exceeded local market growth.
5. How significant is the 1985 build year?
Very significant in this context. It ranks in the top 3% on its street, meaning it’s one of the newest homes in the immediate area. City-wide, it’s also above average. This newer age can mean updated building standards and materials, potentially reducing near-term repair costs.