Property Overview: 191 Hatcher Road, Mission Gardens, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on efficient use of space and a lower financial entry point into the Mission Gardens neighborhood. Built in 1975, its key characteristic is a well-utilized 1,080 sqft living area, which is notably above average for Hatcher Road itself. This suggests a home that may feel more spacious inside than others on the street.
The primary appeal lies in its financial metrics. The assessed value is significantly below average for the street, area, and city, indicating a potentially lower property tax burden and an accessible purchase price for the neighborhood. This is coupled with a compact 2,800 sqft lot, which translates to less exterior maintenance—a boon for those seeking a simpler yard or preferring to spend less time on upkeep.
This property would suit first-time buyers or practical downsizers looking for neighborhood stability over a large lot. It’s for the buyer who prioritizes interior space efficiency and cost-effectiveness, who sees a smaller lot as a lifestyle benefit rather than a drawback, and who is comfortable with a home that is older than many in the immediate area but still of a typical age city-wide.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the averages shown?
The assessed value is based on municipal valuation for tax purposes, which considers factors like lot size, building age, and living area. The compact lot size and the home’s age relative to newer builds in Mission Gardens are likely key contributors to this lower assessment.
2. What does the "above average" living area ranking mean for this home?
While the home’s total square footage is modest city-wide, it ranks in the top 25% on its own street. This indicates the floor plan may be more efficient or simply larger than many direct neighbors, which could be a relative advantage in the immediate location.
3. How significant is the smaller lot size?
At 2,800 sqft, the lot is substantially smaller than most in the area. This means minimal yard maintenance and lower landscaping costs, but also limited private outdoor space. It’s a practical fit for those not wanting extensive yard work, but not ideal for those dreaming of large gardens, decks, or additions.
4. The home sold between 2020-2025. What can that price range tell me?
The listed sold price range provides a recent market benchmark, showing it transacted at a level considered below average for the area at that time. This history is consistent with the home’s below-average assessed value, reinforcing its position as a more affordable option in the neighborhood.
5. Who should consider requesting the exact sold price history?
Serious buyers who are developing their offer strategy should request the exact price. Knowing the precise last sold price and date is crucial for understanding the home’s appreciation and for making a competitive, informed offer based on concrete historical data, not just a broad range.