7 Gillies Crescent

Property Overview: 7 Gillies Crescent, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This 950 sqft bungalow, built in 1976, sits on a 5,773 sqft lot in the Mission Gardens neighbourhood. Its key appeal lies in its balance of modest home size with a generous, above-average lot size for the immediate area, offering room for gardening, play, or expansion. The home's assessed value is notably below average for its street and neighbourhood, which can signal an opportunity for value-conscious buyers, potentially keeping property taxes lower. However, the living space is compact compared to city-wide averages.

This property would suit a first-time homebuyer, a downsizer, or an investor looking for a solid entry point into the Winnipeg market. Its standout characteristic is the lot: it provides land value that outperforms many area homes, a less obvious advantage for those who prioritize outdoor space over interior square footage. The fact that it's the newest home on its block (ranking in the top 5% of the street for year built) is a subtle but positive note regarding its relative condition amidst neighbouring properties.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value of $31,500 is for municipal tax purposes. The last known sale was between $250k-$300k in 2019. Market price is determined by current conditions, while assessed value is often lower and used to calculate your property taxes.

2. How does the lot size compare to others?
The lot is a key feature. At 5,773 sqft, it is larger than the average lot in the broader Mission Gardens area, offering more private outdoor space than many nearby properties.

3. What does the "Elite" ranking for Year Built on the street mean?
This simply means that, of the 20 comparable homes on Gillies Crescent, this 1976 bungalow is the newest. It indicates it's likely newer than most of its immediate neighbours, though many homes in the wider area are of a similar vintage.

4. The home seems smaller than average. Is it a concern?
The living area is below the city-wide average. This suits buyers seeking a manageable, efficient space with lower utility and maintenance costs. The trade-off is the larger lot, which some may find more valuable than extra indoor square footage.

5. How can I find out the exact historical sale prices?
The provider offers a manual service for this. You can submit your email via their form to request the exact sold price history, as only price ranges are displayed publicly on the site. They note they do not use emails for unsolicited marketing.