Property Overview: 85 Mallard Way, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a compact, renovated property built in 1983. With 820 square feet of living space and a finished basement, it sits on a modest 3,599 sqft lot. Its key appeal lies in its recent sale price, which was notably accessible compared to broader city averages, and its updated condition. The assessed value of $330k is around the city-wide median, suggesting stable municipal valuation.
This home would best suit first-time buyers, downsizers, or practical investors seeking a turn-key property with lower maintenance due to its size and recent updates. Its below-average square footage for the area means it’s not for those needing ample room, but it represents a cost-effective entry into the market. A thoughtful perspective is that while the home ranks below average in size within its immediate neighborhood, this can translate to lower utility costs and less upkeep—a practical trade-off for the right buyer. The recent renovation adds immediate livability without the need for initial projects.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 820 sqft, the living area is smaller than most comparable homes in Inkster Gardens and on Mallard Way itself. This is reflected in its recent sale price being below the area's typical price point.
2. What does the assessed value tell me?
The $330k assessment is close to the Winnipeg city-wide average for comparable homes. However, it is below the average for the Inkster Gardens neighborhood, which may indicate the municipality views the property in line with broader city values rather than potentially higher local ones.
3. Is the lot size a constraint?
The 3,599 sqft lot is smaller than the city average. It provides adequate outdoor space for a small garden or patio but may not suit those desiring extensive landscaping, a large play area, or future expansions like a sizable addition or garage.
4. The home sold recently. What can that price indicate?
The sale in May 2024 for approximately $335k-$365k (exact price available upon request) suggests a market-tested value. Given that this price is below the area's average assessed value for other homes, it likely reflects the home’s smaller size and may represent a value-oriented purchase in the community.
5. Who would this property not suit?
It may not be ideal for growing families needing multiple bedrooms or more living space, or for buyers who prioritize a large yard. Those seeking a property that outperforms neighborhood averages in size or value may also find more suitable options elsewhere.