Property Overview
94 Balaban Place is a 916 sqft bungalow built in 1976, situated on a notably generous 7,498 sqft lot in Winnipeg's Mission Gardens neighbourhood. Its appeal is defined by a clear trade-off: the living space is modest and below the area average, but it is compensated by one of the larger lots in the immediate area. The home last sold for an estimated $300k-$350k in 2023, and its current assessed value is on the lower end for its street and neighbourhood, potentially indicating room for updates.
This property would best suit a practical buyer who values outdoor space over interior square footage. It's a fit for someone looking for a manageable, single-level home with significant yard potential for gardening, recreation, or future expansion. The below-average assessment for the area could appeal to first-time homeowners or investors willing to modernize, offering a foothold in a mature community.
Frequently Asked Questions
Is the lot size a major advantage?
Yes. The lot of 7,498 sqft is significantly larger than most in Mission Gardens and on Balaban Place itself. This provides ample private outdoor space, which is a less common find in established neighbourhoods and offers flexibility not available in homes with smaller yards.
How does the home's size compare to others?
The 916 sqft living area is below the average for both the Mission Gardens area (1,162 sqft) and the city overall. This suggests a cozy, efficient layout rather than a spacious one, making it more suitable for smaller households or those comfortable with compact living.
What does the assessed value tell us?
At $312,000, the assessment is below the average for its street and neighbourhood. This can sometimes reflect the home's condition or updates needed compared to peers. For a buyer, it may represent a value opportunity, but it's wise to investigate the reasons behind it during a viewing.
The home sold recently in 2023. What does that mean?
The sale within the last two years suggests a motivated seller may have been involved, or that the market quickly recognized its value proposition—likely its lot size. It indicates the price point was tested fairly recently in the current market cycle.
How can I get the exact past sale price?
The listed sale price is a range based on public data. The exact sale price is available by request from the listing service. You can provide your email to receive the precise figure, as they manually provide this detail to ensure accuracy.