Property Overview: 82 Dunham Street, Winnipeg
Key Characteristics & Appeal
This well-situated home in Mandalay West presents a compelling blend of space, value, and established neighbourhood character. Built in 1986, the 1,371 sqft residence sits on a standard 5,510 sqft lot, offering dimensions that are consistently average to above-average for its immediate street, neighbourhood, and the wider city. The standout feature is its assessed value of $480,000, which ranks in the top 2% on Dunham Street and the top 23% both in Mandalay West and citywide. This suggests a property that is perceived to hold significant value relative to its peers, potentially due to factors like updates, condition, or its specific location on the block.
The home’s appeal lies in its balanced, grounded profile. It offers more than enough living space for a small family or empty-nesters, without the premium or maintenance often associated with the largest homes. Its recent sale in the $450k-$500k range in 2024 aligns with its strong assessment, indicating a purchase that was a solid market investment. This property would suit value-conscious buyers seeking an established home in a mature neighbourhood, particularly those who appreciate a home that holds a strong position in its local market. It’s a practical choice for someone who wants a comfortable footprint without overextending, in a home that has already demonstrated solid resale performance.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessment places this home in the top 2% on Dunham Street. This typically reflects factors like significant updates, a premium lot location, superior condition, or additions that aren't fully captured in the basic square footage metrics.
2. How does the 2024 sale price relate to the current assessed value?
The home sold for an estimated $450,000-$500,000 in 2024, and is now assessed at $480,000. This close alignment suggests the assessment is in tune with recent market activity and that the purchase was made near the property's perceived market value.
3. Is the living space considered large for the area?
At 1,371 sqft, it is slightly below the Mandalay West average but remains competitive. It represents a comfortable mid-size footprint, ranking around the middle of the pack on its street and in the city, appealing to those seeking manageable space.
4. What does the "above average" year built ranking mean?
Built in 1986, the home is newer than many in Winnipeg (ranking above the citywide average). On its street, it's in the top 13%, meaning it's one of the more recently built homes in that specific cluster, which can be advantageous for systems and layout modernities.
5. Where can I see more context about how this property compares to its immediate neighbours?
For a detailed visual analysis comparing this home to nearby properties on factors like lot size, year built, and value, you can use the dedicated neighbourhood map analysis tool linked on the property page.