Property Overview: 749 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This home at 749 Adsum Drive presents a practical entry point into Winnipeg’s Mandalay West neighbourhood. Its key characteristic is value, with an assessed value significantly below averages for both the immediate area and the wider city. The 820 sqft bungalow, built in 1980, is newer than many on its street and sits on a standard 3,015 sqft lot.
The primary appeal lies in its affordability and positioning as a manageable, low-maintenance property. It suits first-time buyers seeking a foothold in a stable neighbourhood without a premium price tag, or investors looking for a straightforward rental property. A thoughtful perspective is that its below-average size and value for Mandalay West could represent a strategic opportunity; it offers access to the area without paying for its larger, more modern homes, making it a sensible choice for those prioritizing financial flexibility over space.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Yes, based on assessed value. This property ranks in the top 90% on its own street (meaning its value is lower than 90% of neighbours) and is significantly below the Mandalay West average, suggesting a competitively priced entry point into the area.
2. What type of buyer is this home best suited for?
It’s ideally suited for first-time homebuyers or investors. The smaller living space and lot size translate to lower upkeep and costs, while the below-average assessment indicates a potentially lower property tax burden.
3. How does the home’s size compare to others?
At 820 sqft, the living area is below average for Adsum Drive, Mandalay West, and Winnipeg overall. This confirms it as a compact, efficient layout rather than a spacious family home.
4. The sold price history shows a range of $250k-$300k in 2021. Why is the assessed value so much lower?
Assessed value, set by the municipal government for taxation purposes, is often markedly different from market value (sale price). The 2021 sale price reflects what a buyer was willing to pay at that time, while the assessment is a standardized valuation formula.
5. What is a less obvious thing to consider about this property?
Consider its age relative to the street. Built in 1980, it is newer than many homes on Adsum Drive. This could imply updates in its construction or systems compared to older neighbours, potentially balancing its smaller size with relatively modern infrastructure.