Property Overview: 164 Malcana Street, River East, Winnipeg
Key Characteristics & Appeal
This well-situated home at 164 Malcana Street presents a solid, middle-of-the-road offering in Winnipeg's River East neighborhood. Built in 1982, it is a relatively newer home compared to many in the area, potentially suggesting fewer immediate concerns with aging components. With 1,124 sqft of living space and a 5,999 sqft lot, its size is consistently "around average" when compared to the street, neighborhood, and city, indicating it fits a typical mold for the community.
The appeal lies in its stability and alignment with local norms. The assessed value of $418k sits slightly above local averages, reflecting its newer build year and decent lot size. The home recently sold within the $450k-$500k range, placing it in the top 20% of area sales, which points to strong market acceptance. It suits practical buyers—perhaps young families or downsizers—seeking a move-in-ready home without extreme outliers in size or value. It’s for someone who prioritizes neighborhood fit over unique custom features, offering a lower-risk entry into an established area.
Frequently Asked Questions
1. How does this home’s size compare to others on the street?
At 1,124 sqft, the living area is slightly below the street average of 1,334 sqft, ranking 31st out of 51 comparable homes. It’s a comfortably average size for the area.
2. Is the assessed value in line with the recent sale price?
The assessed value is $418k. The home sold for between $450k and $500k, indicating it likely sold for a premium above its assessed value, which is common in active markets.
3. What does the "newer" build year mean for a buyer?
Built in 1982, this home is newer than many in River East. This can be an advantage, potentially meaning updated building standards, younger major systems (like plumbing or electrical), and less immediate need for major retrofits compared to older homes in the neighborhood.
4. How does the lot size impact potential?
The lot of 5,999 sqft is above average for the street but slightly below the neighborhood average. It offers good outdoor space for a garden or recreation, with typical suburban spacing from neighbors.
5. Where can I find verified sale price data for this property?
The exact sale price is not publicly displayed due to industry rules. You can request the full transaction history and exact figures by emailing the site directly; they provide this information manually without using your email for marketing.