Property Overview: 169 Malcana Street, Winnipeg
Key Characteristics & Appeal
This 1983-built home in River East stands out for its substantial scale and generous lot. With 2,415 sqft of living space, it ranks in the top 4% for size on its street, in the neighborhood, and citywide, offering significantly more room than typical area homes. The property sits on a 10,809 sqft lot, which is over 70% larger than the street average and places in the top 5% citywide, providing exceptional outdoor space and privacy.
Its appeal lies in offering a rare combination of above-average interior space and expansive land in a mature neighborhood. The assessed value of $573k reflects its premium position locally, ranking in the top 4% for the street and River East. A notable, less obvious perspective is that while the home is newer than most on its block, its 1983 construction means it may still benefit from updates, offering a balance between modern infrastructure and established neighborhood character. This property is ideally suited for buyers looking for a long-term family home with room to grow, entertain, or enjoy gardening, and who value space over a brand-new build. It would also appeal to those seeking a property with strong statistical standing in its immediate area, suggesting a well-above-average investment in that specific locale.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $650k-$700k in September 2021, which was significantly above its current assessed value of $573k. This indicates strong market demand for properties with these characteristics at that time.
2. Is the lot size usable, or is it an odd shape?
While the listing doesn't specify the lot dimensions, a size of 10,809 sqft is substantial. For context, it's larger than 95% of comparable lots in Winnipeg. It's advisable to view the lot map or survey to confirm its shape and potential.
3. The home is larger than most in Winnipeg. Does that mean higher utility costs?
Potentially, yes. A home of 2,415 sqft will generally have higher heating and cooling costs than the Winnipeg average (~1,342 sqft). The 1983 build date suggests it may have better insulation than older homes, but efficiency will depend on specific updates to windows, HVAC, and insulation.
4. Are properties on this street very similar?
No, there's notable variety. While the average living area on Malcana Street is 1,334 sqft, this home is over 1,000 sqft larger, indicating a mix of home sizes. Its lot size is also far above the street average, so it is a standout property in its immediate vicinity.
5. Where can I get verified sale history and exact past prices?
The site notes that due to industry rules, exact MLS sold records are not displayed. They offer to manually provide the full transaction history and exact figures via email upon request, which they state is typically completed by the end of the same day.