Property Overview: 118 Hatcher Road, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1977-built home in Mission Gardens presents a compelling case based on its land and value. The standout feature is the exceptionally large lot of over 10,000 sq ft, which ranks in the top 2-4% of the neighbourhood and city. This offers rare potential for expansion, gardening, or outdoor living within the city. The home itself is modest in size at 998 sq ft, which is typical for the immediate street but below the wider city average, suggesting a cozy, efficient layout.
Its appeal lies in a strong value proposition. The assessed value is above average for its street, yet the home sold recently within a moderate price range. This indicates a property where the value is anchored significantly in the substantial land parcel. It would suit a buyer looking for a solid footprint in a established neighbourhood, prioritizing future potential and outdoor space over immediate square footage. It's a practical choice for a first-time buyer, an investor, or someone willing to update a home to match the potential of its lot.
Frequently Asked Questions
1. Is the house small for a growing family?
At 998 sq ft, the living space is compact. It would suit a small family, a couple, or a buyer comfortable with creative space solutions or planning a future addition, for which the large lot is a major advantage.
2. What does the "Elite" ranking for Year Built on the street mean?
Built in 1977, this is one of the newest homes on Hatcher Road, where the average is 1976. This suggests potentially newer major systems (like wiring or plumbing) compared to immediate neighbours, but the home is still nearly 50 years old, so a thorough inspection is recommended.
3. How can the assessed value be so much lower than the city-wide average?
The city-wide average assessed value shown (~$390k) is skewed by including many newer, larger homes. The more relevant figures are the local averages ($32k-$37k), which this property meets or exceeds, reflecting its realistic valuation within the Mission Gardens context.
4. What is the real benefit of such a large lot?
Beyond space for recreation or gardening, a lot of this size (over a quarter-acre) is uncommon in the city. It provides privacy, room for additions like a garage or suite, and typically holds its value well due to scarcity.
5. How do I find out the exact past sale price?
The public data shows a sold price range. You can obtain the exact historical sale price by emailing a request via the provided button on the listing page. This service is manual but provided without marketing spam.