Property Overview: 71 Balaban Place, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1,004 sqft bungalow, built in 1977, presents a practical and straightforward opportunity in Winnipeg's Mission Gardens neighborhood. Its primary appeal lies in its efficient scale and strong relative value within its immediate area. While the living space is modest compared to the citywide average, it is actually above the average for Balaban Place itself, suggesting a well-sized home for this specific street. The assessed value of $35,200 ranks in the top 25% on its street, indicating it is considered a higher-value property in its direct peer group. The lot size of 4,399 sqft is smaller than most on the street, which translates to less yard maintenance—a potential perk for some buyers.
This property would suit a first-time homebuyer, a downsizer, or an investor looking for a manageable, single-level home in an established neighborhood. Its value standing on the street and its recent sale history (between $250k-$300k in 2019) point to a home that has been a stable, mid-market holding. It’s not the largest or on the biggest lot, but for the right buyer, it represents a sensible entry into the market with the trade-off of less upkeep for slightly less private outdoor space.
Frequently Asked Questions
1. How does this home's value compare to its neighbors?
The home's assessed value is above the street average, ranking 16th highest out of 64 properties on Balaban Place. This suggests it is viewed favorably relative to its closest comparables.
2. Is the living space small for the area?
Not for its specific street. At 1,004 sqft, it is larger than the average home (958 sqft) on Balaban Place, though it is below the averages for the wider Mission Gardens area and the city overall.
3. What should I know about the lot size?
The lot is 4,399 sqft, which is notably smaller than the street average of 6,374 sqft. This means a more manageable yard but less private outdoor space than many direct neighbors.
4. When was it last sold and for how much?
It sold in 2019 for an estimated price between $250,000 and $300,000. The exact sale price can be requested from the listing service.
5. What does the "Top XX%" ranking mean?
These rankings show how this property compares to groups of similar homes. For example, being in the "Top 33%" for living area on its street means its square footage is greater than 33% of comparable homes on Balaban Place, putting it in the upper two-thirds for that specific metric.