Property Overview: 7 Duval Street, Mandalay West, Winnipeg
Key Characteristics & Appeal
This home stands out in its immediate neighbourhood for its above-average size and generous lot. With 1,697 sqft of living space, it ranks in the top 3% on its street and the top 20% in the Mandalay West area, offering more room than most comparable local homes. The lot, at 5,736 sqft, is also notably larger than others on Duval Street, placing it in the top 5% locally. Built in 1984, the property is of a typical vintage for the area. Its assessed value of $430k is elite for the street but aligns with the broader city average, suggesting the value is driven by its physical attributes rather than an inflated location premium.
The primary appeal lies in securing a property that offers more space—both indoors and outdoors—than is common for the neighbourhood, providing room to grow or enjoy without necessarily moving to a more expensive district. It would suit buyers looking for a established-family home in a mature community who prioritize interior space and a sizable yard over a newer build. It’s also a practical option for those who see value in a home that already performs well on key metrics like lot and living area within its established community context.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was sold in 2024 for between $450,000 and $500,000. The current assessed value is $430,000, which is fairly aligned with that sale range, indicating a stable market valuation.
2. Is the home older or newer than others in Winnipeg?
Built in 1984, this home is newer than the average Winnipeg home (average year built ~1966) but is typical for both its immediate street and the Mandalay West area.
3. What does it mean that the living area is in the "top 3%" on its street?
This statistic means that, compared to the 40 homes on Duval Street used for comparison, 7 Duval Street has more living space than 97% of them. It’s a significantly larger home than its direct neighbours.
4. How can I find out the exact historical sale price?
The exact sold prices are not published publicly. You can request the precise history by emailing the listing service via the provided button; they provide the information manually without using your email for marketing.
5. Are the property taxes likely to be high given the assessed value?
While the $430k assessment is high for Duval Street, it is around the city-wide average. Property taxes would be more influenced by the city-wide mill rate than by a neighbourhood premium, as the value is not exceptionally high for Winnipeg overall.