Property Overview: 131 Balaban Place, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 960 sqft bungalow, built in 1978, presents a compelling opportunity in Winnipeg's Mission Gardens neighbourhood. Its core appeal lies in a balanced profile with one standout feature: an exceptionally large 7,183 sqft lot, placing it in the top 14% of the local area. This generous outdoor space is a significant asset, offering rare potential for gardening, expansion, or simply enjoying ample private grounds.
The home itself is of average size for its immediate street but is notably cozier than both the neighbourhood and city-wide averages. This positions it well for first-time buyers, downsizers, or investors seeking a manageable footprint with low maintenance. A thoughtful perspective is that its 1978 build date makes it the newest home on Balaban Place, potentially meaning newer major components (like roofing or wiring) compared to direct neighbours, which can be a practical advantage.
Financially, it sits in the middle ranges, with an assessed value that is around average for its context. Recent sale history suggests steady market performance. The property suits buyers who prioritize land size over interior square footage, value a established, quiet street, and are looking for a home that offers a blank canvas—whether for living simply with a large yard or for future renovation and value addition.
Frequently Asked Questions
1. How does the home's size compare practically?
At 960 sqft, the living area is very typical for Balaban Place but is notably smaller than the average Mission Gardens home (1,162 sqft). It's a efficient layout best suited for individuals, couples, or small families.
2. What does the "Elite" ranking for Year Built mean?
This indicates 131 Balaban Place (1978) is the newest house on its street. While the age difference from neighbours is minor, it can sometimes correlate with updates in building materials and standards for that specific block.
3. Is the high lot ranking a major advantage?
Yes. The lot is over 1,800 sqft larger than the neighbourhood average. This is a tangible differentiator, offering more privacy, space for outdoor activities, and future potential than most nearby properties.
4. What can past sale prices tell us?
The home sold in 2017 and 2019 within a moderate price range. This consistent sales history shows it's a marketable property without extreme price volatility, but a professional appraisal is needed for current value.
5. Who are the most logical buyers for this property?
It's an ideal match for a first-time buyer or downsizer who wants a large yard in a stable neighbourhood without the upkeep of a larger house. It could also appeal to a value-oriented investor or someone with long-term plans to renovate or expand, leveraging the substantial lot size.