Property Overview
20 Malcana Street is a 968 sqft bungalow built in 1978 on a 3,986 sqft lot in Winnipeg’s River East neighborhood. With an assessed value of $285k, it presents as a more compact and affordable option within its area. The home last sold between $200k-$250k in May 2019.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and manageability. It is priced below the average for comparable homes on its street, in the neighborhood, and across Winnipeg, offering a clear value proposition for budget-conscious buyers. The smaller living area and lot size translate to lower maintenance demands and utility costs, which can be a significant long-term benefit. It would suit first-time homebuyers, downsizers, or investors looking for a straightforward, entry-level property in a stable community. A thoughtful perspective is that its "below average" size and value metrics might represent an opportunity to get into the neighborhood at a lower threshold, with potential to add value through updates over time.
Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
Yes. At 968 sqft, the living area is below the average for Malcana Street (1,334 sqft), the River East neighborhood (1,399 sqft), and Winnipeg overall (1,342 sqft).
2. How does the assessed value compare to nearby homes?
The $285k assessment is below average. The typical assessed value on Malcana Street is about $391.9k, and in River East it's $401.1k.
3. What is the lot size, and how does it compare?
The lot is 3,986 sqft, which is notably smaller than the street average (6,245 sqft) and the neighborhood average (7,084 sqft).
4. When did it last sell, and for approximately how much?
It sold in May 2019 for a price between $200,000 and $250,000.
5. How can I get the exact historical sale price?
The site provides sold price ranges. For fully verified, exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS.