Property Overview: 653 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of modest living space and valuable land. At 820 sqft, the interior is smaller than most homes in the Mandalay West neighbourhood and across Winnipeg, suggesting a cozy, low-maintenance layout. The true standout is the property itself: a 4,730 sqft lot that ranks in the top 4% on its street, offering above-average outdoor space for the immediate area. Built in 1983, it is also newer than most houses on Adsum Drive.
The financial profile is interesting. With an assessed value of $350k, it holds an "Elite" top 3% ranking on its street, yet is around the citywide average. This indicates you are paying primarily for the land and location within a well-established community. The last known sale was between $250k-$300k in 2019.
This property would suit a first-time buyer or downsizer seeking a manageable home with a generous yard in a mature neighbourhood. It’s also a smart option for a value-oriented investor or buyer who prioritizes land size and future potential over current square footage, understanding that the value here is firmly anchored in the lot.
Frequently Asked Questions
1. Is the house too small?
At 820 sqft, the living area is below average for the neighbourhood. It would suit individuals, couples, or small families comfortable with efficient living spaces. The appeal is balanced by the larger-than-average lot.
2. Why is the assessed value so high relative to the home's size?
The assessment reflects the property's total value, which here is significantly driven by the desirable lot size. On its street, the lot ranks in the top 4%, and the assessed value ranks in the top 3%, showing that the land itself is a major asset.
3. What can you tell me about the sale history?
Public records show it last sold for between $250,000 and $300,000 in 2019. For the exact historical sale price, you can request details via email from the listing source.
4. How does this compare to the neighbours?
The data shows a contrast: while this home has a smaller footprint, it sits on a larger lot and has a newer build year than many direct neighbours. For example, compared to 652 Adsum Drive, this home is smaller but built five years later and on a larger parcel of land.
5. Where can I see more detailed comparisons?
You can open the neighbourhood analysis page for an interactive map to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.