Property Overview
60 Boundary Bay is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1994, it sits on a generous 6,066 sqft lot and offers 1,421 sqft of living space. The property’s assessed value is notably above average for its immediate street and wider area. It last sold in the $500k-$550k range in 2023.
Key Characteristics & Appeal
This home’s primary appeal lies in its solid, above-average positioning within a mature community. While the living space is close to the citywide average, the property stands out for its larger-than-standard lot in the area and its newer construction date compared to many Winnipeg homes. This combination suggests a well-located property with valuable outdoor space and a potentially more modern building foundation than the typical city home.
It would suit buyers looking for a grounded, established neighbourhood without sacrificing a sense of space around the home. It’s a practical choice for those who value a manageable house size paired with a yard that offers room for gardening, play, or simple privacy. The above-average assessed value across multiple tiers indicates it’s perceived as a stronger-than-average asset in its peer group, appealing to value-conscious buyers.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently ranks above average, especially for its assessed value and lot size on Boundary Bay itself. It’s a newer home on the street and sits on a lot that’s larger than many of its direct neighbours.
2. What does the sold price range from 2023 tell us?
The $500k-$550k sale price placed it in the top 25% for the street and the top 6% for the Mandalay West area at that time, indicating it was a premium purchase within its local market.
3. Is the living area smaller than average?
At 1,421 sqft, it is slightly below the average for Mandalay West but is very close to the overall Winnipeg average. This highlights a trade-off: the living space is efficient and standard, while the lot size is a standout feature.
4. Why is the assessed value notably higher than area averages?
A higher assessed value often reflects a combination of factors like lot size, building condition, and desirability of the specific location. Here, the large lot and relatively newer build likely contribute significantly to its assessed value.
5. Who would this property not suit?
Buyers seeking a very large interior or a brand-new build may find it less ideal. It’s best for those who appreciate the stability and maturity of a 30-year-old home in an established neighbourhood, with outdoor space being a key asset.