Section 1: Property Overview
This home at 3 Hood Avenue in Winnipeg's Mandalay West neighbourhood presents a compelling opportunity for buyers seeking space and established value. Its key appeal lies in its above-average living area of 1,757 sqft, which ranks in the top 5% for its immediate street and top 14% within the neighbourhood, offering more interior room than most comparable homes. Built in 1985, it is also notably newer than many city-wide properties. The lot size is generous for the area, providing good outdoor space.
The property would suit practical buyers who prioritize square footage and a solid foundation in a mature community over a brand-new build. It's ideal for someone looking for a home that already stands out in its immediate context for size and relative modernity, without being the most expensive property on the block. A thoughtful perspective is that while its assessed value is average for the wider area, you are acquiring a home that ranks highly in physical attributes (size, age) on its street—a sign of inherent, lasting value in that micro-location.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it excels in living space and age compared to its direct neighbours on Hood Avenue. It's among the largest and newest homes on the street, while being more average in comparison to the broader Mandalay West area and city.
2. What does the sold price history indicate?
The property sold in 2024 for an estimated $450k-$500k. This sale price ranked in the top 14-20% compared to similar sales, suggesting buyers were willing to pay a premium, likely for its size and condition.
3. Is the assessed value a concern?
Not necessarily. The assessed value is around average for the city and neighbourhood. The disconnect between its high rankings for physical attributes and its average assessed value can sometimes indicate a potential opportunity, as the tax assessment may not fully capture its desirability based on size and age within its specific location.
4. What is the neighbourhood like?
Mandalay West is an established, mature neighbourhood. The proximity of similar-valued homes on nearby streets like Baker Bay and Woodfield Bay suggests a consistent, stable area without extreme highs or lows in property values.
5. How can I find out the exact past sold price?
The exact sale price is not publicly listed in detail. You can request it directly via the provided email service on the listing page, which manually provides accurate figures without using your email for marketing.