Property Overview: 60 Leahcrest Crescent, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home at 60 Leahcrest Crescent in Mandalay West presents a specific value proposition centered on its lot and location. The 910 sqft bungalow, built in 1981, is modest in size and assessed value compared to its immediate street and neighborhood. Its key appeal lies in its generous 6,286 sqft lot, which ranks as "excellent" within the Mandalay West community, offering significant outdoor space that is larger than most nearby properties.
The home suits practical buyers looking for entry-point value in a well-established neighborhood. It’s ideal for those who prioritize land size over a large living area, seeing potential in the lot for gardening, expansion, or future redevelopment. It would also appeal to downsizers or investors seeking a property where the land represents a substantial portion of the asset's value. A thoughtful perspective is that while the house itself ranks below average locally, its lot size and the fact that its city-wide tax assessment is near the Winnipeg average suggest it may be underpriced relative to its broader market context, representing a ground-floor opportunity in a mature area.
Section 2: Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 910 sqft, the living area is smaller than most homes on its street, in the Mandalay West community, and across Winnipeg. This is a defining characteristic and indicates a more compact living space.
2. What is the standout feature of this property?
The lot size is the standout feature. At over 6,200 sqft, it is larger than the average lot in Mandalay West, offering considerable outdoor space for its price point.
3. What does the "excellent" lot ranking mean?
Within the Mandalay West community, this property's land area is in the top 27%, meaning it is larger than approximately 73% of the lots in the neighborhood. This is its primary competitive advantage.
4. Is the 1981 build date a concern?
The build year is typical for the street but older than most in Mandalay West. Buyers should budget for maintenance and updates consistent with a home over 40 years old, though its age is not unusual for Winnipeg overall.
5. How reliable is the listed 2020 sale price of $25-30K?
This figure is noted as based on incomplete public data. The page recommends contacting the source via email for verified, accurate historical sale prices, as that data is compiled manually.