Property Overview: 54 Khalsa Street, Winnipeg

Key Characteristics & Appeal

This well-situated home at 54 Khalsa Street in Mandalay West is a solid, above-average offering for the city. Built in 2008, its modern construction is a standout feature in the wider Winnipeg context, placing it in the top 13% citywide for age. The 1,816 sqft living space is comfortably above the city average, providing ample room without being oversized. The property sits on a near-6,000 sqft lot, offering standard outdoor space for the area.

The appeal lies in its balanced positioning. It’s not an outlier on its street in terms of size or value, which suggests a harmonious, established neighbourhood feel. However, when viewed against the broader Mandalay West area and the entire city, it consistently ranks above average in key metrics like living area and year built. This indicates you’re getting a relatively newer, spacious home in a desirable neighbourhood. The last known sale was in the $550k-$600k range in 2021.

This home would best suit buyers looking for a move-in-ready, modern family home in a mature neighbourhood. It’s ideal for those who value space and newer infrastructure but don’t want a property that is disproportionately large or expensive compared to its immediate neighbours. It represents a pragmatic choice for professionals or growing families seeking a blend of comfort, community, and sensible value.

Frequently Asked Questions

1. How does this home truly compare to others nearby?
While it ranks around the middle of the pack on its own street for size and value, it is notably above average for the wider Mandalay West area and the city. This suggests Khalsa Street is a street of desirable, similar-quality homes, with this property holding its own.

2. What does the "Elite – Top 3%" ranking for Year Built in Mandalay West mean?
It means that for its neighbourhood, a 2008 build year is quite recent. Compared to the area's average home (built around 1989), this property benefits from nearly two decades of newer construction standards, materials, and likely less immediate need for major system updates.

3. Is the assessed value a good indicator of the likely selling price?
Not directly. The assessed value ($$52.20k) is for municipal tax purposes. The market value is significantly higher, as indicated by the 2021 sale in the $550k-$600k range. Always rely on recent comparable sales and a professional appraisal for current market value.

4. How can I find out the exact past sale price?
The exact sold price history is not publicly displayed in detail. The listing service offers to provide this information manually via email upon request, at no cost and without marketing spam.

5. What are the less obvious advantages of this property's rankings?
Its consistent "above average" citywide rankings in living area and year built, while being "around average" on its street, can be a positive. It suggests you are buying into a solid, uniform block without overpaying for the most extravagant house on the street, which can be beneficial for both community cohesion and long-term value retention.