Property Overview: 138 Balaban Place, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition centered on its exceptional lot size. Built in 1978, the 884 sqft house sits on a notably large, 9,247 sqft parcel of land. This lot size ranks in the top 2-4% of the local Mission Gardens area, offering rare potential for expansion, gardening, or outdoor living that is uncommon for the neighbourhood.
The appeal lies in this land-to-structure ratio. While the living space is modest and below the citywide average, the assessed value is competitive and above average for its immediate street. This suggests you are primarily investing in the land. The property would suit a practical buyer looking for a solid foothold in a mature neighbourhood—someone who values private outdoor space over a large interior, or a future-minded purchaser who sees potential in the lot for additions, a garden suite, or simply long-term value based on land scarcity.
A less obvious perspective is that, as one of the newer homes on its street, it may have fewer immediate age-related maintenance concerns than its direct neighbours. Its last known sale was between 2020-2025 in the $250k-$300k range, providing a recent benchmark.
Section 2: Frequently Asked Questions
1. Is the house too small for a family?
The living area is below average for both the area and city. It may suit a small family, a couple, or an individual comfortably, but those needing multiple large bedrooms or extensive living space should carefully consider their needs versus the land benefits.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than 96-98% of comparable properties in the Mission Gardens area. On its specific street, it has the largest lot of the 64 homes ranked.
3. Why is the assessed value relatively low compared to the citywide average?
The citywide average assessed value shown (~$390k) includes a wide variety of much larger and newer homes. This home's assessment is more aligned with its specific neighbourhood and modest living area, though it still ranks above average for its own street.
4. What can I do with such a large lot?
Beyond a spacious yard, the lot size may allow for future additions to the home, the creation of extensive garden or recreational spaces, or potentially the future addition of secondary structures, subject to all City of Winnipeg zoning and permitting approvals.
5. How can I find out the exact historical sale price?
The provider, SaveOnHouse, offers to manually share the exact sold price history via email upon request, as the public data only shows a range. They state this is a free service with no unsolicited marketing.