Property Overview: 1076 Pandora Avenue W, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling proposition centered on its exceptional lot size. Built in 1958, the 934 sqft house is modest in size compared to city averages, but it sits on a remarkably large, approximately 12,295 sqft property. This land parcel ranks in the top 4% on its street and the top 1% within the Mission Gardens area, offering rare potential for expansion, gardening, or outdoor living that is hard to find in the city.
The appeal lies in this unique land-to-building ratio. While the interior living space is functional and typical for its era, the true value is the significant private outdoor space in a mature neighbourhood. The assessed value is above average for the immediate street, suggesting the lot premium is recognized. This property would ideally suit a buyer with a vision for the land—whether that's a future addition, creating extensive gardens, or simply desiring ample yard space for family or pets. It's a solid, no-frills home with a standout lot, appealing to those who see long-term potential over immediate luxury finishes.
Section 2: Frequently Asked Questions
1. Is the house in need of major updates?
As a home built in 1958, buyers should budget for updates consistent with its age. The systems, roof, and interior likely require modernization or will in the near future, which is typical for houses of this vintage.
2. What can I do with such a large lot?
The lot size offers uncommon flexibility for the area. Potential uses could include adding a garage or workshop, constructing a home addition, creating landscape features like a vegetable garden or private recreation space, or even subdividing, subject to all City of Winnipeg zoning and permitting approvals.
3. How does the assessed value relate to the likely selling price?
The assessed value for taxation purposes is a starting point but does not dictate market price. Given the premium lot size, the selling price may be influenced more by recent sales of similar large-lot properties and buyer demand for land, potentially exceeding the assessed value.
4. Why is the living area considered below average?
At 934 sqft, the home's footprint is smaller than many newer builds and even compared to the neighbourhood average. This reflects its older design and emphasizes that the property's primary feature is the land, not the size of the current dwelling.
5. What is the neighbourhood (Mission Gardens) like?
Mission Gardens is a mature, established neighbourhood. The age of homes varies, but the area is characterized by older, well-kept properties and tree-lined streets. The high ranking for lot size here indicates this property is an outlier even within this established community.