Property Overview: 319 Hatcher Road, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This 1,120 sqft bungalow, built in 1976, presents a distinct value profile within its Mission Gardens neighbourhood. Its primary appeal lies in its efficient use of space; the living area is notably above average for Hatcher Road itself (ranking in the top 15%) and is competitive within the wider area. This suggests a well-utilized floor plan that may feel more spacious than the square footage implies.
The property stands out for its significantly lower assessed value compared to neighbours on the same street, in Mission Gardens, and across Winnipeg. This creates a compelling entry point into the neighbourhood, potentially appealing to budget-conscious buyers, investors, or those seeking lower property tax obligations. The lot, while smaller than area averages, offers manageable outdoor space with less maintenance.
This home would suit first-time buyers prioritizing location and interior space over a large yard, or practical-minded purchasers who see value in a lower assessment. It’s a property where the investment is in the home itself and the community, rather than in land size.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the exact methodology is not public, assessments are based on market value and property characteristics. The lower value likely reflects the home’s specific attributes, such as its smaller lot size and age, compared to direct neighbours. It’s a key point for discussion with your realtor to understand potential value.
2. What does the sold price history indicate?
The home sold between $200k-$250k in 2017. This range placed it below average for sold prices on its street and in the area at that time, consistent with its long-standing lower assessment profile.
3. Is the smaller lot size a major drawback?
It depends on your lifestyle. The 3,874 sqft lot is below average for the street and area, meaning less private outdoor space. However, it translates to less yard work and lower maintenance costs, which can be a positive for many.
4. How does the 1976 build year affect the home?
Built in 1976, the home is newer than many on its street (top 23%) and is around the average age for the city. Buyers should budget for updates common to homes of this era, but it may have more modern building materials and layouts than older Winnipeg houses.
5. How can I get the exact historical sold price?
The provider offers to supply the exact sold price via email upon request, as the public data shows only a range. They state this is a manual process with a same-day turnaround and no marketing spam.