Property Overview: 674 Adsum Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 820 sqft bungalow, built in 1983, presents a compelling mix of value and practicality in the Mandalay West neighbourhood. Its key appeal lies in its efficient size and notable value proposition within its immediate locale. While the living area is modest compared to broader city averages, the home ranks highly for its Assessed Value on Adsum Drive itself (top 14%), suggesting it may offer more house for the money than many direct neighbours. The lot is a standard size for the street, and the home's year of build is newer than most on the block.
This property would suit first-time buyers or downsizers seeking an affordable, low-maintenance entry into a settled neighbourhood. It’s a practical choice for those who prioritize financial efficiency and a manageable footprint over expansive space. A thoughtful perspective is that this home represents a "value anchor" on its street—its strong assessment ranking could indicate a solid foundation for equity, especially for a buyer willing to make strategic updates to a home that’s already younger than many around it.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 820 sqft, the living area is below the average for both the Mandalay West area and Winnipeg overall. However, on its own street, it ranks in the top 74%, meaning it is actually larger than a significant portion of the immediate comparable homes.
2. What does the assessed value ranking tell me?
The home’s assessed value is in the top 14% on Adsum Drive, which is notably high. This often indicates that, for its street, the property is considered to have a higher value relative to others, possibly due to its newer build year (1983) or other factors not captured in square footage alone.
3. When was it last sold and for what price?
Based on available data, the property sold in 2022 for an estimated CA$350k–400k, which was a top-tier price for the street at that time. It also sold in 2021 in the range of CA$250k–300k.
4. Is the lot size typical?
The 3,084 sqft lot is very close to the average for Adsum Drive. However, it is below the much larger averages for the wider Mandalay West area and the city, which is common for many homes in this specific subdivision.
5. How can I find out the exact historical sold prices?
The provider offers a manual service to share the exact sold price history. You can submit your email via their form to request the information, which they aim to provide by the end of the same business day.