Property Overview
46 Balaban Place in Winnipeg's Mission Gardens neighbourhood presents a compelling mix of space and value. Built in 1976, its key appeal lies not in being new, but in offering above-average room to grow on a generous lot.
Key Characteristics & Appeal
The home’s most standout feature is its living space. At 1,335 square feet, it is notably larger than most homes on its street and in the immediate area, ranking in the top 2% locally. This is paired with a substantial, flat land area of 7,498 sqft, which places it well above average for the neighbourhood and city. This combination is rare, offering more interior room and far more outdoor space than typical comparables.
Its appeal is grounded in practicality and potential. The assessed value is consistent with area averages, suggesting the current price reflects a standard valuation, not a premium for the extra space and land. This positions it as a sensible opportunity for buyers who prioritize lot size and living area over a newer build. The property would suit a buyer looking for a long-term family home with room for additions, gardens, or recreation, or an investor who recognizes the inherent value in a larger, serviced lot in a mature neighbourhood. It’s a property for those who see the foundation rather than just the finish.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1976, the home is older than most on its street. While this implies potential for older systems needing updates, it also means the property is situated in a well-established area with mature landscaping. The value appears to be driven more by its lot and living area size than by the building’s age.
2. Why is the assessed value significantly different from the recent sold price range?
The assessed value (approximately $35,600) is for municipal tax purposes and is not a market valuation. The recent sold price range ($400k-$450k) reflects the actual market value based on what buyers are currently willing to pay for the property’s location, size, and condition.
3. What does the large land area practically offer?
The 7,498 sqft lot is a major asset, providing ample space for privacy, gardening, children’s play, or future expansions like a deck, shed, or even an addition. It offers a sense of space uncommon in many city lots.
4. How does this property compare to others in the wider city?
City-wide, its living area is about average, but its land area remains in the top 13%. This highlights that while the house itself is a standard size for Winnipeg, the lot it sits on is a standout feature even when compared to the entire market.
5. How can I find out the exact historical sold prices?
Exact sold prices are not published publicly. The listing service offers to provide this detailed history manually via email upon request, at no cost and without marketing spam.