Property Overview: 59 Malanchuk Place, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 59 Malanchuk Place in Mandalay West is a property defined by its practical balance and potential. Built in 1996, it offers a comfortable 1,532 sqft of living space, which is notably above the city-wide average, providing ample room for a growing family or those who value space. The lot size of 6,980 sqft is generous compared to most of Winnipeg, offering a sizable backyard for recreation and gardening, though it is slightly smaller than others on its own street.

Its primary appeal lies in its position as a solid, above-average city home in a neighbourhood of newer construction. While its assessed value is modest relative to its immediate street—hinting at a possible value opportunity—it aligns well with broader area and city averages. This creates an interesting dynamic: it’s a home that may offer more interior and land space for your dollar compared to the wider market, while potentially being a more affordable entry point on a desirable street.

This property would suit pragmatic buyers looking for a well-sized family home in a established, modern neighbourhood without a premium price tag. It’s ideal for those who prioritize indoor and outdoor space over having the newest home on the block, and for value-conscious purchasers who see potential in a home with a below-street-average assessment.

Section 2: Frequently Asked Questions

1. Why is the assessed value lower than the street average?
A lower assessment compared to neighbours can stem from various factors, including specific home condition, updates, or original features. It’s important to review the property’s condition and any recent sold prices (not just assessments) to understand its market value.

2. How does the 1996 build year compare?
While it’s the oldest home on Malanchuk Place, it is still newer than the majority of homes across Winnipeg. This means you benefit from modern construction standards while possibly dealing with fewer immediate age-related issues than a city-wide average home from 1966.

3. Is the lot size a disadvantage?
The lot is above average for both Mandalay West and Winnipeg overall, providing ample outdoor space. While some lots on the street are larger, the property still offers a significant yard compared to most city homes.

4. What does the sold price range (CA$450k–500k in 2024) indicate?
This recent sale suggests the market valued it significantly above its assessed value, which is common. It indicates strong buyer demand for homes in this area with this profile of space and age.

5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed due to data privacy. You can request the precise history via email from the listing service; they provide the information manually without using your email for marketing.