Property Overview
This home at 1277 Balgona Road presents a distinct value proposition centered on its exceptional lot size. Built in 1958, the 1,458 sqft house sits on over 5.3 acres (231,316 sqft) of land, which is its most defining feature. The property’s assessed value of $455k sits below area averages but ranks above average city-wide, suggesting you may get more land for your money here compared to most of Winnipeg.
Key Characteristics & Appeal
The primary appeal of this property is its extraordinary land holding. The lot size ranks in the top 2% of the Rosser-Old Kildonan neighborhood and the top 1% city-wide, offering rare privacy and space uncommon within city limits. The home itself is of average size for the street and city, but is older than most in its immediate area. This creates a scenario where the value is heavily weighted toward the land itself.
This property would best suit buyers who prioritize land over a turnkey, modern home. It’s ideal for someone seeking space for hobbies, gardening, or animals, or a buyer with a vision to renovate or expand the existing structure to match the potential of the lot. It may also appeal as a long-term hold in an area where newer homes are becoming the norm, with the older structure offering a lower entry point to a substantial piece of property.
Frequently Asked Questions
1. Is the price competitive?
Based on its assessed value, the property is priced below the average for both its street and neighborhood, but above the Winnipeg city average. This indicates you are paying a premium for the land relative to a typical city home, but potentially getting a value compared to other large-lot properties in the immediate area.
2. What does the lot size actually offer?
At over 5.3 acres, the lot is exceptionally large for Winnipeg. It provides significant privacy, room for outbuildings, extensive landscaping, or recreational space. It’s important to verify any zoning restrictions on the land’s use.
3. How does the home’s age affect things?
Built in 1958, the home is older than most on the street and in the neighborhood. Buyers should budget for updates consistent with a home of this age and consider a thorough inspection to assess the condition of major systems like plumbing, electrical, and the roof.
4. What is the neighborhood context?
The data shows Balgona Road is a street of mixed vintage, with an average home built in 1975. However, the wider neighborhood is much newer (average year built 2013). This means you would own one of the older, more established properties on a large lot, potentially surrounded by newer construction.
5. How can I verify the past sale price?
The site indicates a sale occurred in May 2016 for an estimated $350k-$400k. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.