Property Overview: 18 Mcmullen Crescent, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Mission Gardens neighbourhood. Built in 1974, it offers 980 sqft of living space, which is fairly typical for its immediate street and area. The standout feature is the land: at 6,221 sqft, the lot is notably larger than most on the street and in the wider area, offering above-average outdoor space. The assessed value is positioned below average for the local area, which may indicate an entry point for the neighbourhood.
Its primary appeal lies in its balance. It suits a first-time buyer or an investor looking for a manageable-sized home without compromising on yard space. The larger lot is a less obvious advantage, providing room for gardening, expansion, or simply more privacy than nearby properties. It would also suit a buyer who values a established, mature neighbourhood over a brand-new build, and who is comfortable with a home that may benefit from personal updates over time.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $300k-$350k in 2022. The current assessed value is significantly lower at $33.2k. It's crucial to understand that in Manitoba, the assessed value is not the market value; it is a figure used for calculating property taxes and is typically a fraction of what a home would sell for on the open market.
2. What does the "below average" ranking for Year Built mean?
The data shows the home (1974) is older than 93% of comparable homes in the Mission Gardens area. This means the neighbourhood has many newer homes, but this property is part of its original housing stock. This can be typical for established crescent streets within mature areas.
3. Is the living area too small?
At 980 sqft, it's slightly below the Winnipeg city-wide average. However, it is very close to the average for the Mission Gardens area (1,162 sqft) and typical for its own street. It represents a standard floor plan for its era, suitable for smaller households or those seeking efficient living space.
4. What are the implications of the larger lot size?
A lot size of over 6,000 sqft in this context offers more flexibility than neighbouring properties. This could mean lower perceived density, more room for decks, sheds, or landscaping, and potentially better potential for future additions, subject to local zoning bylaws.
5. How does this property fit within its immediate street?
On Mcmullen Crescent, this home is a middle-of-the-road property in terms of living space and age, but it has one of the larger lots (ranked 5th largest out of 21 homes). This suggests you're getting a relatively premium lot size while the home itself is in line with the street's character.