Property Overview: 652 Adsum Drive, Mandalay West
Key Characteristics & Appeal
This well-situated one-storey home in Mandalay West presents a practical and value-oriented opportunity. Built in 1978, its key feature is a renovated basement, adding valuable finished space to the 986 sqft main living area. The lot is a notable asset, sized at 3,265 sqft and ranking within the top 10% for land area in the neighbourhood, offering ample outdoor potential.
The appeal lies in its strong positional value and efficient footprint. The property ranks highly for its assessed value on its street (top 11%) and in Mandalay West (top 11%), suggesting it is perceived as a solid asset within its immediate context. It suits first-time buyers seeking a manageable, single-level layout with room to grow, or investors looking for a stable rental property in a established area. A thoughtful perspective is that while the home itself is average-sized for the area, the combination of the renovated basement and the larger-than-typical lot provides a foundation for both immediate livability and future expansion, whether through gardening, storage, or outdoor living.
Frequently Asked Questions
1. How does the property’s value compare to recent sales?
The home last sold in October 2021 for $299,700. Its current assessed value is $300,000, indicating stable market valuation in the period since.
2. What is the neighbourhood like for amenities and convenience?
Mandalay West is a mature neighbourhood in Winnipeg. The provided data compares it closely with "The Maples" area, which typically offers good access to local shops, schools, and public transit routes.
3. Is there potential to add a garage in the future?
The listing specifies no garage. However, the lot size is a significant advantage, ranking very high for area. This provides a tangible opportunity for adding a garage or carport, subject to local zoning and permit approvals.
4. How does the living space compare to nearby homes?
At 986 sqft (excluding the renovated basement), the living area is moderately sized. It is larger than 16% of homes in the neighbourhood, but smaller than some direct comparisons provided, such as the 1,328 sqft home at 105 Arthur Wright Crescent.
5. The home is 48 years old. What should I consider?
While the basement has been renovated, the core structure and major systems (like roof, plumbing, and electrical) are of an age where diligent inspection is advised to understand their condition and plan for any upcoming maintenance typical of homes from this era.