Property Overview
62 Khalsa Street is a well-situated home in Winnipeg’s Mandalay West neighbourhood, built in 2008. It presents a practical opportunity, particularly for its modern construction relative to much of the city’s housing stock. The home’s appeal lies in its balance: it offers a newer build with manageable scale, set on a decent-sized lot. The data suggests it’s a home that doesn’t stand out for size or assessed value on its own street, but holds strong appeal when viewed in the wider context of its neighbourhood and the city.
Key Characteristics & Ideal Buyers
The home’s 1,320 sqft living area is modest, ranking below the average for Khalsa Street but aligning closely with the citywide average. Its assessed value, however, tells a more compelling story—it sits above average for both Mandalay West and Winnipeg overall, indicating the property is valued more highly by assessors than many of its peers. The 2008 build year is a significant asset, placing it in the top tier for newness within the neighbourhood.
This property would suit first-time buyers or downsizers looking for a modern, low-maintenance home without a massive footprint. It’s also a sensible choice for value-oriented investors or buyers who prioritize a newer building envelope and systems over sheer square footage. A thoughtful perspective is that this home represents a “sweet spot” of newer construction in an established area—you benefit from modern standards while being part of a mature community, a combination that can be hard to find.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
While its assessed value is below the average on Khalsa Street, it ranks well above average for the broader Mandalay West neighbourhood and the city. This suggests the property is assessed favorably compared to most Winnipeg homes, even if it’s on a street with some higher-valued properties.
2. Is the living space smaller than average?
Yes, at 1,320 sqft, the living area is below the average for its immediate street but is very close to the average home size across Winnipeg. It offers a efficient, manageable layout typical of its build era.
3. What is the significance of the 2008 build year?
Built in 2008, the home is relatively new. This places it in the top 3% of homes in Mandalay West by age, meaning major components like roofing, windows, and mechanical systems are likely in good condition and built to more recent codes.
4. What was the recent sale history?
Public records indicate the home sold in 2023 for an estimated price between CA$500,000 and $550,000. The exact sale price can be requested directly from the listing service.
5. How does the lot size compare?
The 5,948 sqft lot is near the average for the street, the neighbourhood, and the city. It provides standard outdoor space for the area—not exceptionally large, but certainly not small.