| 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 310-491 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 798 sqft | Top 3%1/30 Avg757 sqft Top 61%157/258 Avg999 sqft Top 78%20874/26841 Avg1,042 sqft 310-491 Mandalay Drive: For Living Area. On Mandalay Drive, Elite — Top 3%, rank 1 of 30, and comparable homes in that group average about 757 sqft. in The Maples, around average — Top 61%, rank 157 of 258, and comparable homes in that group average about 999 sqft. citywide, below average — Top 78%, rank 20874 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 14.90k | Top 3%1/30 Avg14.20k Top 70%181/258 Avg21.20k Top 87%23375/26841 Avg25.60k 310-491 Mandalay Drive: For Assessed Value. On Mandalay Drive, Elite — Top 3%, rank 1 of 30, and comparable homes in that group average about 14.20k. in The Maples, around average — Top 70%, rank 181 of 258, and comparable homes in that group average about 21.20k. citywide, below average — Top 87%, rank 23375 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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| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 16.20k | Top 3%1/30 Avg Well above average — among the best in this group same street Top 3% | Top 69%178/258 Avg Around average neighbourhood Top 69% | Top 80%21545/26841 Avg Below average Winnipeg Top 80% |
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sale price 13.60k | Top 83%25/30 Avg Below average same street Top 83% | Top 89%229/258 Avg Below average neighbourhood Top 89% | Top 92%24640/26841 Avg Below average Winnipeg Top 92% |
Property Summary: 310-491 Mandalay Drive
Section 1: Overview & Appeal
This is a compact, 798 sqft property built in 1979, located in The Maples area of Winnipeg. Its key characteristic is its exceptionally low municipal assessed value ($14,900), which places it in the top 2% of the neighbourhood and top 4% city-wide for affordability. The appeal lies squarely in its potential as a minimal-entry investment or a highly budget-conscious housing solution. It recently sold for $16,200 in September 2024, indicating a stable, very low-value market.
The property would suit a specific type of buyer: investors or handy individuals looking for an ultra-low-cost asset, possibly for rental income (with necessary improvements) or as a long-term hold in a land-lease or co-operative housing complex. It is not a fit for those seeking a traditional single-family home, as it lacks a basement, garage, and has a smaller living area compared to most nearby listings. A thoughtful perspective is that this represents a segment of the market focused purely on utility and cost containment, rather than appreciation or amenities. Its consistent top-tier rankings for low value suggest it fulfills a specific, steady niche demand.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than other homes in the area?
This is likely not a traditional detached house. Its unit number (310-) and the lack of listed land area suggest it may be a condo, mobile home, or land-lease property. These types of dwellings typically have assessed values that reflect the structure only, not the land, resulting in significantly lower valuations.
2. What does the "Top X%" ranking mean for value?
In this context, a "Top 1%" rank for assessed value means the property is among the lowest 1% of values on that street or area. It's a percentile ranking where a lower number (higher percentage) indicates a more affordable property compared to its peers.
3. Who would be the typical buyer for a property like this?
The typical buyer is likely an investor or a very cost-conscious individual. It could serve as a cash-flow rental property (post-renovation), a placeholder residence for someone prioritizing minimal housing costs, or part of a diversified portfolio of affordable rental units.
4. Are the nearby comparison properties truly similar?
The listed nearby properties are a mix. Some share the low assessed value and may be similar in type, while others (like 95 Gardenia Bay) are traditional homes with much higher values and are not direct comparables. They are provided for area context rather than as apples-to-apples comparisons.
5. What are the major considerations before purchasing?
Crucial factors to investigate include: the exact ownership structure (condo, co-op, land-lease), monthly fees (if any), the condition of the structure given its age, the rules of the community or complex, and what the very low sale price implies about potential repair needs or limitations on financing.
Address · Distance
Address · Assessed Value