56 Filkow Bay

Property Overview: 56 Filkow Bay, Mandalay West

Key Characteristics & Appeal

This well-situated home at 56 Filkow Bay presents a compelling blend of space, value, and established neighbourhood character. Built in 1985, the 1,540 sqft residence sits on a notably generous 6,701 sqft lot, which ranks in the top 6% for size on its street. This above-average land parcel offers significant outdoor potential, from gardening to expansion. The home’s assessed value of $471,000 stands well above averages for both the immediate area and the wider Mandalay West neighbourhood, suggesting a solid foundation of perceived value and potential equity.

Its appeal lies in its positional strength. The property consistently ranks "above average" across key metrics—especially lot size and assessed value—within its local context. This indicates a home that likely offers more substance and space than many in the vicinity, without being an outlier. It would suit practical buyers looking for a established home with room to breathe, whether it's a family valuing a large yard or an investor attracted by strong assessed value fundamentals in a mature area. The last known sale was between $350k-$400k in 2019, providing a recent benchmark for market comparison.

Frequently Asked Questions

1. How does this home truly compare to others nearby?
The data shows it consistently outperforms peers. Its lot size is in the top 6% on Filkow Bay, and its assessed value is in the top 10% on the street and top 25% in Mandalay West, indicating it’s considered a higher-value property within its immediate community.

2. What does the assessed value tell me?
An assessed value of $471,000 that ranks highly against local averages often reflects factors like lot size, living area, and general property condition relative to neighbours. It’s a strong indicator of the city’s appraisal of the property’s worth for tax purposes, which can correlate with market value.

3. Is the living area size a drawback?
At 1,540 sqft, the living area is slightly below the current street average but remains above the citywide average. This suggests a comfortable size that may be efficiently laid out, with the property’s appeal bolstered more by its substantial lot size and value ranking.

4. How can I find out the exact past sale price?
The listed sale range is based on public data. For the precise historical sale price, you can request it directly via the email prompt on the listing page. The service provides the exact figure manually, typically by the end of the same day.

5. What’s the neighbourhood like for similar homes?
Mandalay West features a mix of homes primarily from the 1980s. This property, built in 1985, is newer than many in Winnipeg but typical for this specific area. Nearby properties on Filkow Bay and Arthur Wright Crescent create an established, settled streetscape.