Property Overview
This home at 3 Deepwater Cove in Winnipeg's Mandalay West neighbourhood presents a well-established property with strong comparative metrics. Built in 1987, it sits on a generous 7,792 sqft lot that is significantly larger than typical city and neighbourhood lots, offering ample outdoor space. The 1,702 sqft living area is comfortably above the citywide average. Its appeal lies in its balanced position: it's not an outlier in any single category but offers a solid, above-average package for the area. The assessed value is consistent with nearby homes on the street, suggesting a fair and stable valuation within a mature community.
This property would suit a buyer looking for a established home in a settled neighbourhood, who values a larger lot for privacy, gardening, or expansion potential over a brand-new build. It's a practical choice for those seeking space and value without venturing into the premium price tiers of the area.
Frequently Asked Questions
How does this home truly compare in its immediate area?
While its living area and assessed value are around the street average, its lot size is a standout feature compared to the wider city and even the neighbourhood, which generally features above-average lots.
What does the "below average" ranking for year built on the street mean?
On Deepwater Cove, this 1987 build is older than most direct neighbours (the street average is 1992). This indicates the street has some newer homes, but citywide, a 1987 build is still newer than the Winnipeg average.
Is the assessed value a reliable indicator of market price?
The assessed value ($46.50k) is for municipal tax purposes. The last known sold price range (2019) was $350k-$400k. Market value is determined by current conditions, but the assessment suggests the property is consistently valued in line with its immediate peers.
What are the advantages of a home built in this era (late 1980s)?
Homes from this period often benefit from modernized building codes compared to mid-century builds, while typically avoiding some of the complex issues sometimes found in very new, rapidly built properties. Major components like the roof or furnace may be due for inspection or replacement given the home's age.
How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to privacy regulations. You can request it by email through the listing page; the service provider manually retrieves and sends the accurate figure, typically by the end of the same business day.