Property Overview
7 Dunham Street is a well-established home in Winnipeg's Mandalay West neighbourhood. Built in 1985, it offers 1,442 sqft of living space on a 5,497 sqft lot. The home last sold in the $450k-$500k range in 2022 and currently holds an assessed value of $46,200, which ranks above average for its immediate area. This positions it as a solid, mid-sized property within a mature community.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong value proposition within its local context. While the living space and lot size are very close to the averages for Mandalay West, its assessed value is notably higher than those of its direct neighbours and the wider area. This suggests it may offer above-average finishes, condition, or improvements relative to comparable homes. As a home from the mid-80s, it avoids the maintenance concerns of much older properties while being part of a settled, established streetscape. It would suit practical buyers looking for a ready-to-live-in home in a quiet neighbourhood, who appreciate space that is functional rather than expansive, and who see value in a property that stands out positively in its official valuation compared to its peers.
Frequently Asked Questions
What does the "above average" assessed value ranking actually mean?
It means the municipal property assessment for this home is higher than most similar homes on its street and in the wider area. This can reflect updates, a premium lot location, or superior condition, but it's also a factor in determining property taxes.
Is the 2022 sale price range a reliable indicator of current value?
The $450k-$500k range provides a recent benchmark, but market conditions have likely shifted since 2022. It's a crucial data point for understanding the home's market history, but a current appraisal or comparative market analysis is needed for today's value.
How does the year built (1985) affect this home?
Homes from this era typically feature modern wiring and insulation standards, but major components like the roof, windows, and HVAC system may be nearing or due for replacement, depending on their maintenance history.
What is the neighbourhood of Mandalay West like?
The provided data shows homes in this area are generally similar in size and vintage, indicating a consistent, mature suburban community. For specifics on schools, amenities, and noise, further neighbourhood research is recommended.
How can I find out the exact historical sold price?
The exact sold prices are not publicly displayed. As noted on the listing, you can request this information directly via email from the source, SaveOnHouse.