Property Overview & Key Characteristics
This home at 3 Duval Street in Winnipeg's Mandalay West neighbourhood presents a compelling blend of space and value. Its primary appeal lies in its generous 6,046 sqft lot, which ranks in the top 3% on its street, offering significant outdoor potential compared to nearby properties. Built in 1984, the 1,040 sqft house itself is above average in size for Duval Street. The assessed value is notably strong for the immediate area, ranking in the top 5% on the street, suggesting a solid foundation of municipal valuation. Recent sales history indicates strong market performance, with the 2022 sale price placing in the top 8-9% of the local area.
This property would suit a buyer looking for a established home with a premium-sized lot in a mature neighbourhood. It’s ideal for someone who values outdoor space for gardening, recreation, or future expansion over a brand-new build. The strong assessed value and recent sale metrics also make it a sensible consideration for value-focused buyers seeking a home with a track record of stability in its micro-market.
Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 6,000 sqft, which is significantly larger than the average for both the street (approx. 4,918 sqft) and the wider Mandalay West area. This translates to more private yard space and potential for additions like a shed, deck, or garden.
2. What does the assessed value ranking mean?
While the exact assessed figure is provided, its ranking in the top 5% on Duval Street indicates that, for property tax purposes, this home is valued much higher relative to its closest neighbours. This can reflect factors like lot size, improvements, or condition.
3. The home sold in 2016 and again in 2022. What does that price change indicate?
The sold price range increased from approximately $300k-$350k in 2016 to $450k-$500k in 2022. This growth outperformed many area averages, suggesting the property has appreciated well in a six-year period.
4. Is the living area smaller than the neighbourhood average?
At 1,040 sqft, it's above average for Duval Street but slightly below the broader Mandalay West average. This highlights a trade-off: you get a larger-than-standard lot, but the home's interior size is more in line with older street-level comparisons.
5. How can I get the exact historical sold prices?
The provider only displays price ranges publicly. You can request the exact sold prices via email from their service, which they provide manually without using your email for unsolicited marketing.