Property Overview
This home at 1140 Balgona Road presents a compelling mix of space, modernity, and land value within Winnipeg. Built in 2002, it is a newer construction compared to most on its street and across the city. Its primary standout feature is the exceptional lot size of over 137,000 sqft, which places it among the top 1% of properties city-wide for land area. The living space of 1,485 sqft is comfortably above the city average, while its assessed value sits well above the Winnipeg norm, reflecting its desirable attributes.
Key Characteristics & Appeal
The appeal of this property is anchored in its substantial, private lot, offering rare potential for expansion, gardening, or recreational space within city limits. The house itself is relatively modern, likely requiring fewer immediate updates than older homes in the area. Its value proposition is unique: you are acquiring a city-topping lot size with a solid, newer home on it, rather than a sprawling mansion. This creates an interesting value dynamic where the land itself is a significant asset.
It would suit buyers looking for long-term stability and space over a downtown-centric lifestyle. It’s ideal for those who value privacy, room for hobbies or a large family garden, and want a home from this century without being in a brand-new subdivision. It may also attract value-conscious buyers who see the untapped potential in the land itself.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $650k-$700k in late 2023, which is notably higher than its $565k assessed value. This suggests strong market demand, likely driven by the desirable lot and modern build, and indicates that assessed value should be viewed as a baseline rather than a market price.
2. Is the lot size typical for the area?
It’s complex. The lot is significantly larger than the Winnipeg average (placing in the top 1%), and above average for the broader Rosser-Old Kildonan neighborhood. However, on Balgona Road itself, it is actually below the street average, meaning many immediate neighbors have even larger parcels, preserving the area's spacious character.
3. What does the "Below Average" ranking for living area in the neighborhood mean?
While the home's size is above the city average, newer areas in the Rosser-Old Kildonan district have seen larger modern builds. This ranking indicates the home offers comfortable living space but isn't a maximized mansion for the zone, which is consistent with its focus on land value over sheer house square footage.
4. Why is the year built "Below Average" for the neighborhood?
This is a statistical quirk. The home, built in 2002, is newer than most in Winnipeg. However, the "neighborhood" grouping includes many brand-new developments. Thus, it's below the neighborhood average but is actually one of the newer homes on its specific street, which has an average build year of 1975.
5. How can I get the exact sold price?
Due to industry regulations, exact MLS sold prices cannot be displayed on this site. You can request the exact figure via email through the provided form, and the team will manually look up and send the verified information directly to you.