Property Summary: 512 Mandalay Drive
Section 1: Key Characteristics & Appeal
This home at 512 Mandalay Drive presents a compelling profile defined by its strong standing within its immediate neighborhood. Built in 1986, it is one of the newer homes on Mandalay Drive, offering modern construction relative to its direct peers. With 1,013 square feet of living space, it provides above-average roominess for the street. Its most notable characteristic is its assessed value, which ranks in the top 2% on Mandalay Drive, suggesting a premium valuation for the area that could reflect superior condition, updates, or desirability within the row.
The appeal lies in this position of relative advantage. Buyers get a home that is newer and more spacious than most on its block, with a lot size that is also above average for the street. This combination makes it a standout property within Mandalay West, potentially offering better value and comfort than nearby alternatives. It would suit a practical buyer looking for a well-positioned home in a mature neighborhood—someone who values being at the top of the local market in terms of quality and space without necessarily moving to a larger-lot suburb. It’s also a sensible choice for those who appreciate clear, data-backed comparables, as the home’s metrics are strong within its most relevant context: its own street.
Section 2: Frequently Asked Questions
1. How does the sold price range (CA$400k–450k in 2024) relate to the assessed value?
The assessed value is significantly lower than the recent sold price, which is common. Assessment values for tax purposes often lag behind market values, especially after a recent sale. The 2024 sale price is the current market indicator.
2. The home ranks well on its street, but lower in the wider area. What does this mean?
This highlights the importance of context. The home is a top-tier property on Mandalay Drive, but Mandalay West and Winnipeg overall have many homes with larger lots and more square footage. This property’s strength is its superior position within a specific, established neighborhood, not in competing with newer suburban builds.
3. What might explain its elite assessed value rank on the street?
A combination of factors likely contributes: its newer build year (1986), its above-average living area for the street, and potentially significant updates or premium features not detailed in the metrics. It suggests the home has been maintained or improved to a standard that sets it apart from its immediate neighbors.
4. Is the lot size a concern?
At 3,428 sq ft, the lot is above average for Mandalay Drive but below average for the broader city. This is typical for many established neighborhoods. It suits buyers looking for manageable outdoor space without extensive maintenance, but may not suit those seeking a large yard.
5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. As noted on the detail page, you can request this information by emailing the provided contact; they manually provide the data without using your email for marketing.