Property Overview: 76 Foxwarren Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Mandalay West presents a compelling blend of space, modernity, and value. Built in 2000, its construction date is notably newer than most homes in Winnipeg, ranking in the top 5% on its own street. This suggests a property with more contemporary building standards and potentially lower immediate maintenance needs than older stock.
The home offers 1,671 sqft of living space, which is above average for both the wider city and the Mandalay West area, providing ample room for a growing family or those who value spacious layouts. It sits on a generous 7,329 sqft lot, offering substantial outdoor space that is well above the city norm—a valuable asset for privacy, gardening, or future expansion.
A key point of appeal is its value positioning. While the assessed value is strong city-wide (top 25%), it is below the average for Foxwarren Drive itself. This could indicate an opportunity to acquire a home in a desirable location at a relative value compared to its immediate neighbours. The home last sold between $400k-$450k in 2020.
This property would suit practical buyers looking for a move-in ready, modern home with room to grow, without paying a premium for the newest construction. It’s ideal for those who prioritize a large lot and interior space over a luxury finish, and for value-conscious purchasers who see the benefit in a home that stands out favourably against broader city averages while being competitively priced on its own street.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is for municipal tax purposes and is often different from market value. While it provides a useful benchmark, the last known sale price (2020) and current local market conditions are more direct indicators of what the home might sell for today.
2. What does the "newer" build year (2000) practically mean for me?
A 2000 build generally means modern wiring, plumbing, and insulation standards. It likely avoids major issues common in much older Winnipeg homes, such as knob-and-tube wiring or galvanized plumbing, potentially reducing unexpected renovation costs.
3. The lot size is large for the city. What are the implications?
Beyond more yard space, a larger lot can offer better privacy from neighbours and greater potential for additions like a deck, shed, or garage. It may also contribute to a stronger long-term value proposition as larger lots become less common in new developments.
4. Why is the assessed value lower than the street average?
This could be due to several factors, including differences in finishes, upgrades, or specific lot characteristics not captured in the high-level data. It doesn’t necessarily mean the home is inferior; it may reflect a more modest assessment that could be advantageous for property taxes.
5. How can I get the exact historical sale price?
The precise sale price is not publicly listed in detail here. You can request it directly via the provided email form. The service commits to providing the accurate figure manually, typically by the end of the same day, without using your email for unsolicited marketing.