Property Overview: 104 Malcana Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 104 Malcana Street in River East presents a practical and straightforward opportunity in the Winnipeg market. Built in 1979, it offers just over 1,000 square feet of living space on a roughly 5,500 square foot lot. The data suggests it is a statistically average home in many respects, particularly when viewed city-wide, with an assessed value aligning closely with Winnipeg norms.

Its primary appeal lies in its position as a manageable, entry-level property in an established neighborhood. The home doesn’t stand out for its size or lot relative to its immediate area, but it represents a stable, mid-century property that has been maintained within a community of similar homes. It would likely suit first-time buyers or downsizers looking for a lower-maintenance footprint without venturing into newer, more sprawling suburbs. A thoughtful perspective is that its "average" metrics can be an advantage, indicating a lower risk of over-improvement for the area and a predictable cost structure for taxes and utilities. The recent sale in 2024 suggests it is move-in ready, offering a turnkey solution for those wanting to settle in without a lengthy renovation project.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,039 sqft, the living area is below the average for both Malcana Street and the broader River East neighborhood. This indicates it is a more compact option on the street, which could mean lower utility costs and less upkeep.

2. Is the assessed value a good indicator of the sale price?
The assessed value is $356k. The home sold in mid-2024 for an estimated $400k-$450k, which is above its assessed value. This is common, as assessed values for taxation often lag behind market sale prices. For the most accurate sale history, you can request exact figures from the site.

3. What does the lot size mean for potential expansion or gardening?
The lot of 5,498 sqft is around average for the street but below the neighborhood average. It provides a decent backyard space typical for the area but may have limitations for very large additions or extensive landscaping compared to some larger lots in River East.

4. How does the year built affect this property?
Built in 1979, the home is newer than many in Winnipeg and slightly newer than the average on its street. This can be positive, potentially indicating updates to major systems (like wiring or plumbing) over earlier mid-century builds, though a specific inspection is always recommended.

5. Where can I see how this property fits into the neighborhood?
The listing suggests using the "neighbourhood analysis page" to view the home on a map alongside nearby houses, comparing key metrics like year built, lot size, and value directly with its neighbors for a clear visual context.