Property Overview: 751 Adsum Drive, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 751 Adsum Drive is a practical, entry-level property in Winnipeg's Mandalay West neighbourhood. Its primary appeal lies in affordability and a relatively newer build date compared to its immediate street. With 820 square feet of living space, it is a compact bungalow suited for individuals, couples, or small families looking to enter the market with manageable upkeep.

The data reveals a clear perspective: this is a below-average-sized home on a below-average-sized lot for its area, which directly contributes to its lower assessed value. However, a thoughtful point in its favour is its Year Built of 1980. On Adsum Drive, this ranks in the top 16%, meaning it is notably newer than most neighbouring houses, potentially suggesting fewer immediate concerns with aging infrastructure compared to older peers.

The property would best suit a value-conscious, first-time buyer or an investor seeking a rental property with a fundamental structure from a more modern era. It’s a home for those who prioritize financial accessibility and a solid baseline over size or premium finishes, offering a foothold in a mature community.

Section 2: Frequently Asked Questions

1. Is this a good value for a first-time buyer?
Based on its assessed value and recent sale history, this property sits in a more affordable tier. For a buyer comfortable with a smaller footprint, the price presents a clear opportunity to build equity without a premium price tag.

2. How does the 1980 build date impact the home?
While still over 40 years old, this build date is newer than many on the street. This could mean updates to core systems like electrical or plumbing have already been addressed in the home's history, but a thorough inspection is still essential.

3. The lot size is noted as "below average." How much of an issue is this?
The lot is under 3,000 sq ft. This means smaller outdoor maintenance and limited space for large additions or pools. For some, this is a drawback; for others, it translates to less weekend yard work.

4. What can the 2021 sale price range tell me?
The prior sale in the $200k-$250k range provides a benchmark for market value from a few years ago. It indicates the price point this home has operated in, useful for gauging current listing prices and potential appreciation.

5. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's specific attributes: its smaller size, smaller lot, and location within a neighbourhood where property values are generally below the city average. This is consistent with the data shown and is the primary driver of its affordability.