Property Overview: 10 Mcmullen Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 10 Mcmullen Crescent in Mission Gardens is a practical, entry-level property built in 1974. Its key characteristic is its modest scale, with 841 sqft of living space and a 4,998 sqft lot, both notably smaller than most homes on its own street and in the wider area. The assessed value is correspondingly lower than local averages, reflecting its size.
The appeal lies in its affordability and manageability. It represents a clear opportunity for first-time buyers or investors seeking a lower-cost entry point into the Winnipeg market. The lot, while not large, is a reasonable size for a starter home and is close to the average for the Mission Gardens neighbourhood. For the right buyer, the smaller footprint translates to lower maintenance, utility costs, and property taxes.
This property would best suit a pragmatic buyer whose priority is financial accessibility over space. It’s a candidate for those comfortable with a home that may require updates, given its age, and who value a lower ongoing carrying cost. A thoughtful perspective is that while it ranks at the bottom of its street for size and value, this can indicate a price ceiling for the immediate area, potentially offering a more stable and predictable investment less susceptible to market fluctuations compared to premium-priced homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average sold price?
The assessed value (31.60k) is for municipal tax purposes and is not a market valuation. The sold price range from 2022 (CA$350k–400k) reflects the actual market value at that time. Assessments in Manitoba are typically a fraction of market value.
2. How does the home’s size compare to its neighbours?
At 841 sqft, the living area is the smallest among the 21 homes on Mcmullen Crescent and below average for both the Mission Gardens area and the city overall. This is the primary factor in its lower assessed value.
3. Is the lot size a disadvantage?
The lot of 4,998 sqft is smaller than the street average but is close to the typical size for Mission Gardens. It provides adequate outdoor space for a starter home without the extensive upkeep of a larger yard.
4. What does the "Top 100%" ranking mean for Living Area on its street?
A "Top 100%" rank here means it is at the very bottom (21 out of 21) for living area on Mcmullen Crescent. This statistical context clearly shows it is the smallest home on the street.
5. How can I find out the exact historical sold price?
The provided sold price is a range from public data. As noted on the detail page, you can request the exact sold price by emailing the listing service. They manually provide this information, typically by the end of the same day.