Property Overview: 42 Khalsa Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in Mandalay West presents a practical opportunity. Built in 2008, it’s a relatively modern property in a city where the average home is significantly older. The 1,310 sqft living space is modest for the immediate street but aligns closely with the Winnipeg average, suggesting an efficient, manageable layout.

The property’s standout feature is its generous 6,569 sqft lot, which is above average for both the neighbourhood and the city. This offers valuable outdoor space and potential for gardening, expansion, or simply more privacy—a notable asset in newer subdivisions. Financially, its assessed value positions it strongly within Mandalay West and city-wide comparisons, indicating a perceived value that outpaces many peers. Historical data shows it sold in the $450k-$500k range in 2021.

This home would suit first-time buyers or downsizers seeking a low-maintenance, modern build without sacrificing yard space. It also appeals to the value-conscious buyer who recognizes the advantage of a newer home in a solid neighbourhood, where the land itself represents a significant portion of the long-term value. Its appeal lies in this balance: modern construction paired with an ample lot, offering a foothold in a desirable area without the premium price of a larger house.

Section 2: Frequently Asked Questions

1. Is the living space too small for the area?
While below the average for Khalsa Street itself, the home’s square footage is on par with the city-wide average. It indicates a more efficient use of space compared to some larger neighbours, which can mean lower utility costs and less upkeep.

2. What does the “above average” assessed value really mean?
It means the city’s assessment for this property is higher than most homes in Mandalay West and Winnipeg. This can reflect the desirable combination of a newer build on a large lot, but it’s important to distinguish assessed value for taxes from current market value.

3. How does the 2008 build year impact the home?
A 2008 construction means major components like the roof, furnace, and windows are likely still within their typical lifespan, reducing the risk of immediate, costly replacements. It also suggests the home meets more modern building codes.

4. What are the implications of the large lot size?
Beyond extra privacy and space, a larger lot in a neighbourhood of newer homes is a scarce commodity. It provides flexibility for future projects like a shed, deck, or garden, and can be a key driver of property value over time.

5. Where can I see accurate historical sale prices?
The exact sold price is not publicly displayed online due to data regulations. You can request the precise history directly via the provided email service on the listing page to make fully informed comparisons.