Property Overview: 10 Malcana Street, Winnipeg
Key Characteristics & Buyer Profile
This 1978-built home in River East presents a practical, entry-level opportunity. Its key characteristic is its compact scale: at 968 sqft on a 3,876 sqft lot, both the living space and land area are notably smaller than most comparable homes on its street and in the wider area. The assessed value of $297k aligns with this, sitting below local averages. The appeal lies in its relative affordability within a stable neighborhood, offering a foothold for those priced out of larger properties. It last sold in July 2023 for an estimated $300k-$350k.
This property would best suit first-time buyers or investors seeking a lower-cost entry point into the Winnipeg market, who prioritize location and budget over size. A thoughtful perspective is that a smaller lot and home can mean lower maintenance costs and property taxes, appealing to those seeking simplicity. However, the data suggests limited potential for expansion or subdivision due to the below-average lot size.
Frequently Asked Questions
1. Is this a good value for the money?
The home is priced below area averages for both value and size, indicating a lower entry cost. Value depends on your priorities: it offers affordability but less space than typical area homes.
2. Why is the lot size significantly smaller than neighbors'?
The data shows this lot is among the smallest on the street. This is likely due to the original subdivision plan and is a fixed characteristic of this specific property.
3. Can I see the exact past sale price?
Exact sale prices are not published publicly. The site provides a sold price range based on available data. You can request exact historical figures via email for verified details.
4. What does the "Below Average" ranking mean for future resale?
The rankings are a snapshot comparison of specific metrics. A smaller, more affordable home can remain in demand from a similar buyer pool in the future, though it may appreciate differently than larger properties.
5. How does the 1978 build year compare?
The build year is around the neighborhood and city average for comparable homes, suggesting it fits the general age profile of the area without being notably older or newer.