Property Summary: 135 Balaban Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 135 Balaban Place in Mission Gardens is a study in practical value and potential. Built in 1978, it stands out on its street as one of the newest homes, suggesting it may have benefited from construction techniques and materials of that era. The 848 sqft living space is modest, placing it below the average for both the neighbourhood and the city, indicating a compact, efficient layout. However, this is balanced by a generous 6,194 sqft lot, which is notably larger than many in the Mission Gardens area, offering valuable outdoor space.
The primary appeal lies in its land value and its position as an entry-point into the market. The assessed value is below average for the immediate area, which can signal an opportunity for a buyer comfortable with a home that may require updates. This isn't a sprawling modern showhome; its charm is in its fundamentals—a solid lot size in a mature neighbourhood, with a newer build date than its direct peers. It would suit a first-time buyer, an investor looking for a property with land value, or a practical homeowner who prioritizes yard space over interior square footage and sees potential in personalizing a home over time.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It typically reflects the property's current market valuation for tax purposes, which is influenced by the modest living area. It can represent a lower tax burden and a starting point for adding value through renovations.
2. How does the lot size compare meaningfully?
The lot is over 6,000 sqft, which ranks in the top 22% for Mission Gardens. This means you're getting more land than most properties in the neighbourhood, a significant advantage for privacy, gardening, expansion, or future development potential.
3. The home sold between 2016 and 2025. Can I get the exact price?
The exact sold price is not publicly listed. The listing service offers to provide this specific historical data manually via email upon request, at no cost and without marketing spam.
4. What does it mean that it's "one of the newest on the street"?
With a 1978 build date, it ranks in the top 2% for year built on Balaban Place. In a neighbourhood of similar-aged homes, this minor age advantage can sometimes correlate with updated infrastructure like wiring or plumbing from the outset.
5. Is the living area too small?
At 848 sqft, it is compact. This suits individuals, couples, or small families who value efficient living and lower utility costs. The trade-off is the larger lot, which effectively extends your living space outdoors during warmer months.