Property Summary: 119 Balaban Place, Winnipeg
Key Characteristics & Appeal
This 816 sqft bungalow in Mission Gardens, built in 1978, presents a straightforward, low-maintenance homeownership opportunity. Its primary appeal lies in its efficient scale and notable lot size of over 5,400 sqft, which is slightly above average for the immediate area. The home is notably compact, ranking in the smallest 5-10% of homes on its street and in the wider neighbourhood for living space, which translates to lower utility costs and minimal upkeep.
A standout characteristic is the home’s age relative to its street—it is the newest house on Balaban Place, ranking in the top 2%. This suggests potentially newer core components compared to direct neighbours. With an assessed value firmly in the middle range for the area ($33.80k), it represents an accessible entry point into the market. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a manageable footprint with a generous yard for gardening or future expansion, without the premium price of a larger modern home.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $33,800 is for municipal tax purposes. The last known sale was between $200k-$250k in 2016. Market value is determined by current local sales and can differ significantly.
2. The house seems small. Is there room to expand?
The lot size is a key asset here. At 5,429 sqft, it is larger than many lots in the city and the neighbourhood average. This provides a tangible opportunity for a future addition, garage, or outdoor living space, subject to zoning and permit approvals.
3. As the newest home on the street, does that mean it’s in better condition?
While it suggests potentially newer roofing, wiring, or plumbing compared to immediate neighbours, a 48-year-old home still requires a thorough inspection. "Newest on the street" is a relative term, and condition depends entirely on maintenance and updates over the decades.
4. What does the sold price history tell me?
The 2016 sale price range gives a historical benchmark, but the market has changed considerably since then. To understand its current value, you should review recent sales of similarly sized homes in Mission Gardens and adjacent neighbourhoods.
5. Who provides the exact historical sold price, and why isn’t it public?
The exact sale price is not publicly disclosed in Manitoba’s historical records. The listing service offers to provide it manually via email upon request, which is a common practice to verify user interest while complying with local data regulations.