Property Overview
59 Balaban Place is a modest, single-family home in Winnipeg's Mission Gardens neighbourhood. Built in 1977, it presents a practical entry point into the market. Its key characteristics are defined by how it compares to other homes, offering a clear picture of its position and potential value.
Key Characteristics & Appeal
This home is characterized by its below-average size, both in living space (843 sq ft) and land area (4,199 sq ft), especially when compared to others on its own street. Its assessed value is also below the average for its immediate area. This translates into a property with a likely lower property tax burden and a manageable scale for maintenance.
The appeal lies in its affordability and efficiency. It suits first-time homebuyers or investors seeking a lower-cost entry into the Winnipeg market without the upkeep of a larger property. It could also be a fit for downsizers looking to reduce living space and associated costs. A thoughtful perspective is that its smaller lot and home size, while not top-tier in rankings, offer a chance for a manageable, low-overhead lifestyle in an established neighbourhood. Its recent sale history suggests it has been a viable and traded asset in its price range.
Frequently Asked Questions
1. Is this a good value for a first-time buyer?
Based on the data, it represents a lower-than-average assessed value for its neighbourhood and city, which typically correlates with a more accessible purchase price and lower property taxes. This can make it a practical first home.
2. How does the lot size impact potential?
The land area is notably smaller than most on the street. This limits possibilities for large additions or extensive landscaping but also means less yard work and lower exterior maintenance costs.
3. What does the sale history indicate?
The home sold in the $300k-$350k range in 2021 and $250k-$300k range in 2019. This shows active market activity and can provide a benchmark for current value, though exact prices require direct inquiry.
4. Are the home's dimensions a major drawback?
The living area is compact. It would suit individuals, couples, or small families comfortable with efficient living. It may feel cramped for those needing multiple dedicated rooms or significant storage space.
5. How can I get the exact past sale prices?
The exact sold prices are not publicly listed in detail. As noted on the detail page, you can request this information by email; the service provides the accurate figures manually without using your email for marketing.