Property Overview: 4 Sims Crescent, Mission Gardens, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its lot and location rather than its size. Built in 1990, it is notably newer than many homes in Winnipeg and is one of the newest on its own street. The 861 sqft living area is compact, ranking below average for the street, neighborhood, and city, indicating a more modestly sized dwelling.
The primary appeal lies in its generous 5,021 sqft lot, which is standard for the immediate area but offers significant outdoor space relative to the home's footprint. This creates potential for expansion, gardening, or outdoor living. The assessed value is strong for the street, suggesting the property is well-regarded in its micro-market. A sale occurred between 2022-2025 in the $400k-$450k range.
This property would suit a first-time buyer, downsizer, or investor seeking a manageable home with a substantial yard in an established neighborhood. It’s for someone who prioritizes land value and newer construction over square footage, seeing the compact interior as a low-maintenance base with room for future customization or outdoor enjoyment.
Frequently Asked Questions
1. Is the house too small?
At 861 sqft, the living space is below average for the area. It would suit individuals, couples, or small families comfortable with efficient living. The value here is traded from interior space to the larger lot.
2. What does the assessed value tell us?
Its assessed value ranks higher on its street than its size does, suggesting factors like the newer build year, lot size, and specific location on the crescent contribute positively to its official valuation compared to immediate neighbors.
3. How does the 2022-2025 sale price relate to the assessed value?
The historical sold price range ($400k-$450k) is significantly higher than the current assessed value (approximately $371k). This difference highlights that assessed value is for municipal taxation and doesn't necessarily reflect current market value, which can be influenced by broader market conditions.
4. What are the possibilities with such a large lot for a smaller home?
The lot offers a key opportunity. It provides ample room for additions like a garage, sunroom, or deck. It also allows for landscaping, gardening, or simply enjoying more private outdoor space than is typical for many newer, denser developments.
5. Why is the build year (1990) considered a positive?
In a city where many homes are older, a 1990 build means potentially newer major systems (like roofing, wiring, or plumbing) compared to the city-wide average, which could mean fewer immediate major repairs and modern building standards.