Property Overview: 763 Adsum Drive, Winnipeg
Key Characteristics & Appeal
This 820 sqft home, built in 1980, sits on a notably generous 3,778 sqft lot in the Mandalay West neighbourhood. Its primary appeal lies in its balance of space and value. While the living area is modest compared to broader city averages, the lot size is well above average for its immediate street and area, offering valuable outdoor potential. The home’s assessed value is significantly below area and city averages, positioning it as an accessible entry point into the market.
It’s a property that suits practical, value-oriented buyers. First-time homeowners or investors looking for a solid footprint in a established neighbourhood will find its fundamentals compelling. The above-average lot provides a less obvious advantage: room for expansion, gardening, or outdoor living that is often scarce in similarly priced homes. It’s a home that prioritizes land over interior square footage, appealing to those who see long-term potential or value in outdoor space.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for Adsum Drive itself but is notably below the average for the wider Mandalay West area. This suggests it may offer a cost-effective way to enter this specific neighbourhood.
2. Is the lot size a significant feature?
Yes. The land area ranks in the top 15% on its own street, meaning the lot is larger than most direct neighbours. For the area and city, it is below average, but it represents a relative strength for this specific property, offering more private outdoor space than typical homes on the block.
3. What does the sold price history indicate?
Public records show it last sold between $250,000 and $300,000 in 2021. For a precise figure, you can request the exact sold price via email from the listing service.
4. The home was built in 1980. What should I consider?
At 46 years old, the home is newer than many on its street but older than the average home in Mandalay West. Prospective buyers should factor in the potential for updates to systems like roofing, windows, and mechanicals that are typical for a home of this age.
5. Who would this property not suit?
Buyers seeking a large, modern, move-in-ready home with ample interior space may find it limiting. Its appeal is geared more toward those comfortable with a compact layout who value the lot size and see potential in the property itself, rather than immediate luxury.