Property Overview
34 Mcmullen Crescent is a well-established 1,000 sqft bungalow built in 1975, situated on a 4,998 sqft lot in Winnipeg’s Mission Gardens neighbourhood. The home presents a practical opportunity, with its most notable feature being a relatively high assessed value for its immediate street, suggesting it may be in better condition or have more desirable features than many of its direct neighbours. Its living space is modest compared to the Winnipeg average but is typical for the local area. The property last sold between $350k-$400k in 2023.
Key Characteristics & Appeal
The primary appeal of this home lies in its position as a solid, average-sized property within a mature neighbourhood. Its assessed value ranks in the top quarter on its own street, which can indicate good upkeep or valuable improvements relative to nearby houses. While the lot size is smaller than others on Mcmullen Crescent, it is close to the average for Mission Gardens, offering a manageable yard.
This property would suit a first-time buyer or downsizer looking for a lower-maintenance home in a settled community. It’s also a sensible fit for an investor seeking a stable rental property in a neighbourhood without extreme valuations. A thoughtful perspective is that this home represents the "reliable middle" of its market—it doesn’t stand out for size or newness, but its above-street-average assessment hints at a well-maintained asset that holds its ground locally.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold for an estimated $350k-$400k in 2023. Its current assessed value is $36,700. It’s important to note that municipal assessed value for tax purposes is not a market appraisal and is typically much lower; market value is determined by recent sales and current demand.
2. Is the living space smaller than average?
At 1,000 sqft, the living area is slightly below the city-wide average but is generally on par with the Mission Gardens neighbourhood average. It is a comfortable size for the street itself.
3. What does the “below average” lot size ranking mean for this property?
The lot size (4,998 sqft) ranks in the bottom quarter on Mcmullen Crescent, meaning lots on this street are generally larger. However, it is very close to the average lot size for the broader Mission Gardens area, so it is not unusually small for the neighbourhood.
4. The home was built in 1975. What should I consider?
As a home from the mid-70s, prospective buyers should budget for potential updates to major aging components like the roof, windows, and heating system, while also acknowledging that construction from this era is typically robust.
5. How can I find out the exact price it sold for in 2023?
The listing service provides the sold price range based on public data. To obtain the exact sale price, you must request it via email from the site. They provide this information manually and state they do not use email addresses for unsolicited marketing.