Property Overview
This home at 3 Gillies Crescent in Winnipeg's Mission Gardens neighbourhood presents a practical and balanced opportunity. Built in 1976, it offers 1,068 sqft of living space on a 6,088 sqft lot. The data suggests it is a squarely average home in many respects, but with a few distinct positional advantages. Its assessed value is notably modest compared to the wider city average, indicating a potentially accessible entry point into the market.
Key Characteristics & Appeal
The appeal of this property lies in its stability and context. While the living space and assessed value are generally average for its immediate street and area, the home stands out as the newest build on its block (ranking in the top 5% on Gillies Crescent for year built). Furthermore, the lot size, while below average for the street, is actually above average for both the Mission Gardens area and the city overall, offering more outdoor space than many comparable properties.
It would suit first-time buyers or downsizers looking for a manageable, single-level home (typical of a 1976 bungalow) in an established neighbourhood. The numbers paint a picture of a home that isn't extravagant but offers solid fundamentals: a newer build than its direct neighbours, a decent-sized yard, and a value that aligns with community norms rather than city-wide spikes. It’s a home for someone seeking predictability and space over modern finishes or premium positioning on the street.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $34,500 is for municipal tax purposes. The recent sold price history suggests a market value significantly higher, in the $250k-$300k range based on the 2016 sale. Market value is determined by current buyer demand.
2. How does the lot size compare to nearby homes?
The lot of 6,088 sqft is larger than the average lot in the Mission Gardens area (5,370 sqft). However, on Gillies Crescent itself, it is below the street average, meaning lots on this street are generally larger.
3. What does it mean that it's the "newest" on the street?
Built in 1976, this home is newer than the average house on Gillies Crescent. This could imply potentially fewer major age-related issues (like outdated wiring or plumbing) compared to immediate neighbours, though a 50-year-old home will still require thorough inspection.
4. Why is there such a big difference between the city-wide assessed average and this home's assessment?
The city-wide average assessed value shown (~$390k) includes all property types and neighbourhoods. This home's assessment is in line with the averages for its specific street and area, reflecting the more modest valuation in this part of Mission Gardens.
5. How can I find out the exact past sale prices?
The provided sold price is a range from public data. As noted on the listing, you can request the exact sold price history by emailing the site directly; they provide this detail manually upon request.