Property Overview: 100 Malcana Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 100 Malcana Street in River East is a study in solid, middle-of-the-road value. Built in 1979, it sits comfortably around neighborhood averages for its assessed value (~$391k) and land size (~5,500 sqft). Its living space, at just over 1,000 sqft, is modest and ranks below average for the street and area, indicating a home better suited for efficient living rather than spaciousness.
The appeal here is grounded in stability and entry-point accessibility. It’s a property that hasn’t seen dramatic value spikes, with a sold price increase from the $300k-$350k range in 2019 to $400k-$450k in 2024, reflecting steady, incremental growth. This isn’t a standout luxury home, but a fundamentally average one in many metrics, which can be its strength. It would suit first-time buyers, downsizers, or pragmatic investors seeking a foothold in a mature neighborhood without premium pricing. A thoughtful perspective is that its "average" rankings across the board suggest lower risk of being overvalued on key metrics compared to its immediate surroundings, offering a predictable baseline.
Section 2: Frequently Asked Questions
1. Is the home’s below-average living area a concern?
It depends on your needs. The home offers efficient use of space, which can mean lower utility costs and less upkeep. For buyers who prioritize a larger yard or value location over interior square footage, this is a reasonable trade-off.
2. How reliable are the sold price ranges shown?
The provided price ranges are based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site, as industry rules prevent displaying official MLS records here.
3. What does the "around average" assessed value actually mean for me?
It suggests the property’s municipal tax assessment is very typical for Malcana Street and River East. This can be positive, indicating the home isn’t assessed at an outlier value that could signal future tax surprises relative to neighbors.
4. The home sold recently in 2024. What can that tell me?
The sale indicates active market interest. The price range shows growth from its 2019 sale, aligning with broader market trends. A quick resale isn’t detailed here, so requesting the exact sale history is recommended to understand the full context.
5. Are the nearby and "for reference" properties good comparables?
They offer a general snapshot of the area’s size, age, and value. For a true market comparison, especially for making an offer, you should seek a professional appraisal or a Realtor’s analysis using current MLS data and interior condition factors not captured in these basic metrics.