Property Overview & Key Characteristics
This home at 38 Balaban Place in Winnipeg's Mission Gardens neighbourhood presents a distinct profile defined by its generous outdoor space and efficient footprint. Its key appeal lies in the substantial 7,498 sqft lot, which ranks well above average for both the immediate street and the wider area, offering significant potential for gardening, expansion, or simply enjoying a larger private yard. Built in 1976, the 868 sqft interior is more compact than many area homes, suggesting a layout focused on practicality over square footage.
The property’s assessed value is notably strong for its street, ranking in the top 17%. This indicates it is viewed favorably relative to its closest comparables, which could be due to its condition, the premium lot size, or a combination of factors. The home last sold between $300k–$350k in 2021.
This property would best suit a buyer who prioritizes land over living space—someone looking for a manageable, efficient home with room to grow outdoors. It’s a practical choice for first-time homeowners comfortable with a mid-70s build, or for downsizers seeking a smaller interior to maintain without sacrificing yard size. The strong lot ranking also makes it a quiet candidate for future value growth through renovations or additions, appealing to the strategic, long-term investor or owner.
Frequently Asked Questions
Q: How does the home’s size compare to others nearby?
A: The living area is 868 sqft, which is below the average for both the Mission Gardens area and Winnipeg overall. However, it is closer to the average for homes specifically on Balaban Place itself.
Q: What stands out about this property’s value?
A: Its assessed value ranks in the top 17% on its own street, meaning it is assessed higher than most of its direct neighbours. This often reflects desirable attributes like its well-above-average lot size.
Q: Is the lot size a significant feature?
A: Yes. At 7,498 sqft, the land area ranks in the top 27% on the street and the top 12% in the Mission Gardens area, making it a standout characteristic for outdoor space and potential.
Q: When was it last sold and for how much?
A: The home sold in 2021 for a price between $300,000 and $350,000, based on available public data. The exact sale price can be requested directly from the listing service.
Q: What should I consider about the year it was built?
A: Built in 1976, the home is 50 years old. While this is slightly older than many on its street, it is around the average age for the broader neighbourhood. A thorough inspection to understand the condition of major systems and opportunities for updates is always recommended for homes of this vintage.