Property Summary: 70 Duval Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 70 Duval Street in Mandalay West presents a distinct profile defined by its contrasts. Built in 1986, it is notably newer than most homes on its street and across Winnipeg, suggesting potentially fewer major age-related concerns. With 1,040 sqft of living space, it offers more room than most comparable homes directly on Duval Street.
The property’s primary appeal lies in its value proposition within its immediate neighbourhood. The assessed value of $320k is significantly below the average for both Duval Street and the broader Mandalay West area, positioning it as a more accessible entry point. This is coupled with a manageable, lower-maintenance lot size of 4,197 sqft.
This home would suit pragmatic first-time buyers or downsizers seeking a well-sized interior in a mature neighbourhood without a premium lot price. It’s also a sensible fit for value-focused investors or buyers who prioritize interior space and a newer build year over a large yard, seeing the below-average land area as a trade-off for affordability and less outdoor upkeep.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than neighbours on the same street?
While the exact reasons aren't stated, the combination of a smaller lot size and the specific characteristics of the home itself (layout, finishes, etc.) likely contribute to its lower assessment compared to other properties on Duval Street.
2. What does "above average" for year built really mean for a 1986 home?
It means this home is newer than the majority of homes in its comparison groups. In a city-wide context, it's notably newer than the average Winnipeg home built in 1966. This can be an advantage for systems, structure, and compliance with more modern building codes.
3. Is the smaller lot size a major drawback?
That depends on your lifestyle. It limits expansive gardening or large outdoor recreation space but also means less yard work and lower property taxes, as land value is a key component of assessment. It can be a practical choice for those not wanting extensive outdoor maintenance.
4. How reliable are the "rank" and "top X%" figures provided?
These metrics are useful for quick, relative comparisons against defined groups of similar properties (street, neighbourhood, city). They offer a data-driven snapshot of where this property stands on specific metrics but should be complemented by a physical viewing and professional inspection.
5. There’s no public sales history shown. How can I understand its market value?
The assessed value is for tax purposes and is not a market price. You can request the exact sold price history via the provided email service for past data. Determining current market value requires a comparative market analysis from a real estate professional, considering recent sales of similar homes in Mandalay West.