Property Overview: 1172 Pandora Avenue W, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and modern build relative to its surroundings. The 712 sqft bungalow, built in 1988, is notably newer than many homes on its street and in Winnipeg overall. Its primary standout feature is the 6,360 sqft lot, which is larger than most in the Mission Gardens area, offering significant outdoor space or future expansion potential in a city where lot size is a premium.
The appeal lies in this balance: a relatively modern, low-maintenance structure on a substantial piece of land, all at an assessed value ($310k) that is around the city-wide average. It suits practical buyers—first-time homeowners, downsizers, or investors—who prioritize land value and a newer building envelope over interior square footage. It’s a property for those who see potential in the land itself or who prefer a manageable-sized home with room to breathe outdoors, rather than a large, older character home requiring more upkeep.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 712 sqft, the living area is below average for the street, neighbourhood, and city. This indicates a compact, efficient layout, which is a trade-off for the larger lot and newer construction year.
2. What does the assessed value tell us about this property?
The $310k assessment is around average for the street and city-wide but is below average for the Mission Gardens neighbourhood specifically. This could suggest the property is assessed more in line with its physical attributes (size, age) than with potentially rising area values, a point for further investigation.
3. Why is the year built a notable feature?
Built in 1988, the home is significantly newer than the average house on its street (avg. year built 1957). This often means updated core systems (like electrical and plumbing) and potentially fewer immediate major repair concerns compared to much older homes.
4. What are the implications of the large lot size?
The 6,360 sqft lot is above average for the area. This not only provides more private outdoor space but also could allow for future additions, a garden, or even subdivision potential, subject to zoning regulations. It's a key asset that may not be immediately apparent from the home's size alone.
5. What can the 2021 sale price range tell me?
The home sold for an estimated $200k-$250k in 2021. Comparing that to the current $310k assessed value provides a benchmark for market appreciation over the period, though the exact sale price would be needed for a precise analysis.