Property Overview
7 Heartstone Drive in Mission Gardens presents a well-sized family home built in 2008. Its primary appeal lies in its strong standing within its immediate neighborhood and the broader area. The home offers 1,605 sqft of living space, which is notably above average for both Mission Gardens and Winnipeg overall. The lot size of 4,555 sqft is typical for the street. A key standout is its assessed value, which ranks in the top 10% on its street and an elite top 4% within the Mission Gardens area, suggesting it is considered a higher-value property in a desirable locale. The home last sold in 2024 within the $500k-$550k range.
This property would suit buyers looking for a modern home (relative to Winnipeg's older housing stock) in an established neighborhood, who value space and a strong assessment profile. It’s a practical choice for families or professionals seeking a home that compares favorably in terms of size and perceived value against its local peers, without requiring the upkeep of an older property.
Frequently Asked Questions
How does the sold price compare to the assessed value?
The home sold for between $500,000 and $550,000 in 2024, which is significantly higher than its $50,600 assessed value. It’s important to understand that municipal assessed value for property tax purposes is not a market valuation and is often much lower than actual sale prices.
Is the lot size a drawback?
The land area is around the average for the street and neighborhood. While it may be smaller than the city-wide average lot, this is typical for newer subdivisions like Mission Gardens. It offers a manageable yard with less maintenance.
The home is newer than most in the city, but not on its street. Why does that matter?
Built in 2008, it's newer than about 87% of Winnipeg homes. On Heartstone Drive, however, it's actually slightly older than average. This suggests the street was developed around the same period, offering a consistent streetscape of modern homes, which can be appealing for resale value.
What does its "elite" assessed value ranking in Mission Gardens indicate?
Ranking in the top 4% of the area for assessed value suggests the municipality views this property as one of the most substantial in Mission Gardens. This often correlates with factors like size, condition, and location within the neighborhood, but it also means property taxes will be among the higher tiers for the area.
How can I see exactly what nearby homes sold for?
The provided sold price is a public data range. For the exact historical sold price of this or comparable homes, you must request it directly via email from the listing service, as this information is manually verified and disclosed.