Property Overview & Appeal
This 970 sqft bungalow at 192 Hatcher Road in Mission Gardens is a practical and affordable entry-point into the Winnipeg market. Built in 1976, its key characteristic is its relative value. The home sits on a 4,302 sqft lot and has an assessed value significantly below both the neighbourhood and city averages. Its appeal lies in its position as a manageable, lower-maintenance property that outperforms many peers on a cost-per-square-foot basis. The data suggests it’s a home that offers more living space than many on its own street, yet comes with a notably lower tax assessment than most in the wider area.
This property would suit first-time buyers or investors seeking a straightforward, value-oriented purchase. It’s also a potential fit for downsizers looking for a single-level layout without a premium price tag. A less obvious perspective is that its below-average assessment for the area could represent a cushion against sharp property tax increases, and its older vintage on a street of similar-aged homes may mean fewer surprises compared to renovations in a more mixed-vintage neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is $29,900, which is well below the city average and appears to be a historical figure for tax purposes. Market value is determined by recent sales. The home last sold for an estimated $200k-$250k in 2017, which is a more relevant benchmark for current buyers.
2. Is the living space sufficient for a small family?
At 970 sqft, the living area is compact. It is below the average for both the Mission Gardens area and the city overall. It would be most comfortable for individuals, couples, or a very small family comfortable with efficient use of space.
3. What does the "above average" year built ranking mean?
On Hatcher Road, a 1976 build date is "above average" (ranked 23rd newest out of 101 homes), meaning it is newer than many of its immediate neighbours. This indicates a street with older housing stock, and this home is among the more recent builds on the block.
4. What are the implications of the lot size?
The 4,302 sqft lot is smaller than the average lot on its street and in Mission Gardens. This typically translates to less outdoor maintenance and yard work, which can be an advantage for those seeking a low-maintenance property.
5. How can I find out the exact historical sale prices?
The provider notes that exact sold price history is not publicly displayed. They offer to manually provide this information via email upon request, at no cost and with no marketing spam.