Property Overview: 665 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This home at 665 Adsum Drive in Mandalay West presents a compelling blend of space and value. Its primary appeal lies in its generous, above-average lot size of nearly 5,900 sqft, which ranks in the top 2% for the street. This offers significant outdoor potential compared to neighbouring properties. The 1,040 sqft living area is also notably larger than most comparable homes on Adsum Drive. Built in 1983, it is a relatively newer home within its immediate area. The assessed value is modest for the neighbourhood, which can indicate a favourable property tax position.
The property would suit practical buyers looking for a solid foundation—whether it's a first-time homeowner seeking room to grow, or an investor attracted by the lot size and the street's above-average metrics for living space and year built. It’s a home that offers more "bones" than its immediate peers, suggesting opportunity in the land and structure itself.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold in 2024 for an estimated $350k-$400k. This placed it in the top 3% of sales for Adsum Drive at the time, suggesting strong buyer competition and confidence in the property's specific advantages, like its large lot.
2. How does the assessed value affect property taxes?
With an assessed value of $31.5k, this home is below the Mandalay West neighbourhood average. This typically results in lower municipal property taxes compared to other homes in the area, which is a tangible, ongoing financial benefit.
3. Is the lot size a significant advantage?
Yes. The lot is a standout feature, being significantly larger than the street and neighbourhood averages. This provides more privacy, yard space, and potential for additions, gardens, or outdoor living areas that aren't possible on standard lots nearby.
4. How does the living area compare practically?
At 1,040 sqft, the interior is spacious for this specific street, ranking in the top 30%. It offers more room than the typical Adsum Drive home (avg. 953 sqft), making it a more comfortable fit for small families or those needing extra space compared to other options in the immediate vicinity.
5. Why is the year built (1983) relevant?
In this context, it means the home is newer than most on its street (avg. year built 1978). This can imply updates to fundamental components like wiring, plumbing, or insulation that align with more modern standards, potentially reducing immediate renovation needs.