Property Overview
55 Streilein Crescent is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1979, it sits on a 5,495 sqft lot and offers 1,004 sqft of living space. With a city-wide assessed value of $350k, it presents as a competitively priced entry point into a mature community.
Key Characteristics & Appeal
This home’s primary appeal lies in its value proposition within a stable neighbourhood. It last sold in the $300k-$350k range (2021), and its current assessment aligns with that, suggesting a realistic market price without significant speculative inflation. The lot size is typical for the area, offering decent outdoor space.
The property suits first-time buyers or downsizers seeking a manageable, single-level footprint without a premium price tag. Its assessed value is average city-wide but ranks below average on its own street and in Mandalay West. This indicates you’re purchasing in a solid city-wide location, but on a crescent where many homes may be larger or more recently updated. The appeal is for a practical buyer who values a established community over a modern or top-of-the-line home on the block, seeing an opportunity in a "least expensive house on the street" scenario.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is below the average for both living area and assessed value when compared directly to its neighbours on Streilein Crescent and in the Mandalay West area. City-wide, however, it sits around average for value. This suggests it's a more modest offering in its immediate surroundings but priced accordingly.
2. What is the neighbourhood like?
Mandalay West is a mature neighbourhood with homes primarily from the late 1970s and 1980s. The property is centrally located in Winnipeg, offering the conveniences of an established area.
3. Are there any major concerns with a home from 1979?
As with any home nearly 50 years old, a thorough inspection is essential. Key systems like roof, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be evaluated carefully.
4. Why is there a range for the 2021 sold price?
The exact sale price is not publicly available in all records. The provided range is based on public data. You can request the exact price from the listing service via email.
5. What are the potential upside and downsides of the below-average rankings?
The downside is that the home may require more updates compared to neighbours. The upside is that it likely offers a lower price point to enter the area. Future value growth may be supported by the surrounding, potentially higher-value homes, but could also be limited by the home’s smaller size and older vintage if not improved.