Property Overview: 180 Malcana Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1983-built home in River East presents a practical opportunity. At 989 sqft, the living space is notably compact compared to area averages, suggesting a home focused on efficiency rather than spaciousness. Its assessed value of $355K sits close to city and neighborhood averages, indicating a fairly priced entry point.
The primary appeal lies in its modern build date relative to the area—it's newer than most homes on its street and in River East. This can translate to fewer immediate concerns with aging infrastructure. The lot size is a standard city dimension, offering typical outdoor space. The home last sold in late 2023 for an estimated $400K-$450K, showing active market interest.
This property would best suit first-time buyers or downsizers seeking a lower-maintenance, newer home in an established neighborhood without a premium price tag. It’s a pragmatic choice for those prioritizing a modern foundation and manageable upkeep over square footage. A thoughtful perspective is that its "below average" size and "around average" value represent a specific value proposition: you’re paying for land and a newer structure, not extensive finished space, which could be ideal for a renovator looking to add value or someone content with a cozy footprint.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 989 sqft, the home is smaller than most in the area. This is a compromise for its newer build year and price point. It suits simpler living arrangements but may feel cramped for those needing multiple dedicated rooms or ample storage.
2. How does the assessed value relate to the likely selling price?
The $355K assessment is a municipal valuation for tax purposes. The home's last sale (2023) fell in the $400K-$450K range, which is a more current market indicator. Expect the list price to be influenced more by recent sales than the assessment.
3. What are the advantages of the 1983 build year?
Being newer than many neighboring homes (street average is 1980) can mean updated electrical, plumbing, and insulation standards for its era, potentially reducing the risk and cost of major system replacements in the short term.
4. What is the neighborhood (River East) like?
River East is a mature, established neighborhood with a mix of older and newer homes. The data shows this property is typical for the area in value and lot size, suggesting it fits comfortably within the community's character.
5. How can I verify the exact past sale price?
The site provides sold price ranges for transparency. Due to industry rules, exact MLS sale prices cannot be published here. You can request the exact figures via email from the site provider, who will manually retrieve and send the verified data.