Property Overview: 50 Streilein Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 50 Streilein Crescent in Mandalay West is a practical and well-situated property built in 1979. Its key appeal lies in its balanced, average metrics, offering a solid foundation without extreme highs or lows. The 1,323 sqft living space is typical for the area, providing comfortable room for a small family or couple. A notable strength is the 6,157 sqft lot, which is above average for both the immediate street and the wider city, suggesting more usable outdoor space and potential than many comparable properties.

The home’s assessed value positions it as a mid-range option within its neighbourhood, potentially appealing to buyers seeking value without the premium of a newer build or a fully renovated property. It would suit a first-time homebuyer or a pragmatic investor looking for a stable entry into the Winnipeg market. The property’s true potential likely depends on its interior condition and updates since its 1979 construction, which are not detailed here. Its appeal is grounded in offering a manageable lot size and living space in an established community, making it a candidate for those comfortable with a home that may benefit from personalization or gradual updates.

Section 2: Frequently Asked Questions

1. What does the “above average” lot size mean for me?
With a lot size ranking in the top 30% locally, you have more outdoor space than many similar properties. This could mean a larger yard for gardening, play, or entertaining, and may offer more flexibility for future additions like a shed or deck, subject to local bylaws.

2. The home was built in 1979. What should I consider?
Homes of this era may have original components nearing the end of their service life, such as roofing, windows, or major systems like HVAC. A thorough inspection is crucial to understand the condition and budget for any necessary updates or maintenance.

3. How does the assessed value relate to the likely selling price?
The assessed value (38.90k) is for municipal tax purposes and is typically much lower than market value. Market price is determined by current demand, the home’s condition, and recent sales of comparable properties. The provided similar assessed value addresses are for tax reference, not necessarily indicators of similar market value or property type.

4. Why is there no public sold price history for this listing?
Sales price data is not always publicly available in Manitoba. You can request the exact historical sold price directly from the source via the email link provided in the listing details.

5. The living area is described as “around average.” Is that a disadvantage?
Not necessarily. It indicates the home fits the standard for the neighbourhood, which can be an advantage for resale. It suggests the space is practical and in line with community norms, avoiding the potential drawbacks of a layout that is unusually small or disproportionately large for the area.