Property Summary: 755 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This 820 sqft bungalow, built in 1980, presents a practical and affordable entry point into Winnipeg’s Mandalay West neighbourhood. Its key appeal lies in its relative value. With an assessed value significantly below area and city averages, it offers a lower property tax base and a accessible purchase price, as reflected in its 2021 sale range of $200k-$250k. The 3,094 sqft lot is typical for the immediate street but is more modest compared to wider neighbourhood standards.
The home suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its older vintage (newer than many on its street) suggests potentially fewer immediate age-related issues than some direct comparables. While its living space is compact, it represents an opportunity for buyers to gain a foothold in a stable area without a premium price tag, prioritizing financial efficiency over size.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value ($25.7k) is very low, it is for tax purposes and not a market valuation. The actual selling price will be closer to recent market comparables, like its 2021 sale in the $200k-$250k range.
2. How does the lot size impact future potential?
At just over 3,000 sqft, the lot is manageable for low-maintenance living but may limit expansion possibilities like large additions. It’s a standard size for this specific street.
3. The home ranks "below average" for many metrics in Mandalay West. What does that mean practically?
This primarily indicates the home is more modest in scale and value than many larger, potentially newer homes in the broader neighbourhood. It doesn’t reflect the property's condition, but confirms it’s one of the more affordable options in the area.
4. What are the benefits of the home being newer than others on the street?
Built in 1980, it is newer than the street’s average (1978). This could mean updates to building materials, wiring, or plumbing standards from the era, potentially reducing some maintenance concerns compared to older neighbours.
5. How can I find out the exact historical sold prices?
The listed sale price is a public data range. The exact, precise sold price history is available by request via email from the listing service, which they provide manually without marketing spam.