Property Overview: 57 Santa Fe Drive, Mandalay West, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Mandalay West presents a compelling blend of space, modernity, and value within its context. Built in 2005, it offers a more contemporary layout and systems compared to the city's older housing stock. With 1,715 sqft of living area, it provides ample room for a growing family or those who appreciate spacious interiors, ranking notably above average for size both within the wider city and the desirable Mandalay West area.
The property’s true standout feature is its generous 8,672 sqft lot, which is significantly larger than most in the neighbourhood and citywide. This offers excellent outdoor potential, from gardening to private recreation. Its assessed value positions it as an elite property within Mandalay West (top 4%), suggesting it is a premium home in a sought-after location, yet it remains around average for its immediate street, indicating a consistent and established streetscape.
This home would ideally suit buyers looking for a move-in ready, modern family home in a mature neighbourhood without sacrificing yard space. It appeals to those who value both interior square footage and outdoor privacy, and who recognize the long-term value of owning one of the more substantial properties in a high-ranking community.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its last sale?
The home sold in 2017 for an estimated $400k-$450k. Its current assessed value is $564,000, which reflects market changes and is used for municipal tax purposes, not necessarily current market price.
2. What does the "elite" assessment ranking in Mandalay West mean?
Being in the top 4% for assessed value in Mandalay West indicates this is considered one of the higher-value homes in an already desirable neighbourhood. This often correlates with factors like lot size, home condition, and location within the area.
3. Is the 2005 build date an advantage?
Yes. A 2005 build means major components like wiring, plumbing, and the roof are relatively modern and likely have significant life remaining, potentially reducing near-term maintenance costs compared to much older homes.
4. The lot is large, but how does that affect taxes?
A larger lot in a premium neighbourhood typically contributes to a higher assessed value, which can result in higher property taxes. However, it also represents a permanent asset and source of value that smaller lots cannot offer.
5. Can I see how this property compares visually to its neighbours?
Yes. A neighbourhood analysis map is available to visually compare this home with nearby properties in terms of year built, living area, lot size, and assessed value, providing clear context for its place on the street.