| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1979 （47 years ago） | Top 3%1/30 Avg1979 Top 41%107/258 Avg1993 Top 63%16875/26841 Avg1990 204-491 Mandalay Drive: For Year Built. On Mandalay Drive, Elite — Top 3%, rank 1 of 30, and comparable homes in that group average about 1979. in The Maples, around average — Top 41%, rank 107 of 258, and comparable homes in that group average about 1993. citywide, around average — Top 63%, rank 16875 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 793 sqft | Top 43%13/30 Avg757 sqft Top 70%181/258 Avg999 sqft Top 78%20997/26841 Avg1,042 sqft 204-491 Mandalay Drive: For Living Area. On Mandalay Drive, around average — Top 43%, rank 13 of 30, and comparable homes in that group average about 757 sqft. in The Maples, around average — Top 70%, rank 181 of 258, and comparable homes in that group average about 999 sqft. citywide, below average — Top 78%, rank 20997 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 14.60k | Top 53%16/30 Avg14.20k Top 82%212/258 Avg21.20k Top 89%23764/26841 Avg25.60k 204-491 Mandalay Drive: For Assessed Value. On Mandalay Drive, around average — Top 53%, rank 16 of 30, and comparable homes in that group average about 14.20k. in The Maples, below average — Top 82%, rank 212 of 258, and comparable homes in that group average about 21.20k. citywide, below average — Top 89%, rank 23764 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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Property Overview & Key Characteristics
This unit at 204-491 Mandalay Drive is a compact, 793 sqft residence built in 1979, located in The Maples neighbourhood of Winnipeg. Its primary appeal lies in its exceptionally low financial barrier to entry, as evidenced by its assessed value of $14,600, which ranks in the top 4% lowest in the entire city. This presents a unique opportunity for minimal property tax and acquisition costs.
The unit would suit very specific buyers: first-time investors looking for an ultra-low-cost entry into the market, or an owner-occupant seeking the absolute most affordable path to homeownership with a focus on cash flow over asset appreciation. Its smaller size and lack of a basement or garage suggest a practical, no-frills living arrangement. A less obvious perspective is its potential appeal to someone wishing to minimize their fixed housing costs to free up capital for other investments or life goals, treating the property more as a secured shelter than a primary wealth-building tool.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby properties?
Extremely low assessments like this are often associated with property type (e.g., a very small condominium or co-operative share), specific building circumstances, or legal distinctions that separate the unit's value from the land. It's crucial to review the full legal title and condo/co-op documents.
2. What does the "Top %" ranking for the assessed value mean?
A ranking of "Top 4% in Winnipeg" means the assessed value is lower than approximately 96% of all properties in the city. It indicates an outlier in terms of affordability, not necessarily typical market value for a standard house.
3. What are the monthly condo or co-op fees, and what do they cover?
This is the most critical question. With such a low property value, mandatory monthly fees to a condo corporation or housing co-operative could be significant and directly impact overall affordability. Understanding what maintenance, utilities, or reserves these fees cover is essential.
4. Is this a standard condo title, or a different form of ownership?
The listing lacks details on building type. It's important to confirm if this is a traditional condominium, a housing co-operative share, or another form of ownership, as this governs the rules, financing options, and resale process.
5. How does the lack of a basement and garage affect livability and storage?
With 793 sqft of living space and no basement or garage, storage and space for belongings will be limited. Buyers should consider if the layout and any additional storage lockers meet their practical needs.
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