Property Overview
78 Sims Crescent is a well-maintained home in Winnipeg's Mission Gardens neighbourhood, built in 1990. With 1,033 square feet of living space on a 4,192 sqft lot, it presents a practical and manageable footprint. Its recent sale price range of $400k–$450k positions it as a competitively priced option in the current market.
Key Characteristics & Appeal
This home’s primary appeal lies in its balance of a newer build date relative to its immediate surroundings and its straightforward, efficient layout. While its living space and lot size are slightly below the averages for its own street and the wider city, the 1990 build year is a notable advantage, suggesting potentially fewer immediate major maintenance concerns compared to older Winnipeg homes. The assessed value is modest relative to recent sale prices, which can be attractive for property tax considerations.
It would suit first-time homebuyers or downsizers looking for a low-maintenance, move-in-ready property in a stable neighbourhood. It’s also a sensible fit for pragmatic investors or buyers who prioritize a newer construction year over maximizing square footage, preferring a home that is easier to heat, maintain, and update.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,033 sqft, the living area is somewhat more compact than the average home on Sims Crescent (~1,122 sqft) and in Winnipeg overall (~1,342 sqft). This indicates a efficient use of space, which can mean lower utility costs and less upkeep.
2. Why is the assessed value significantly lower than the recent sale price?
The assessed value of $316,000 is for municipal tax purposes and is often based on older market data. The recent sale price of $400k–$450k reflects the current market conditions and what buyers are willing to pay today.
3. What does the 1990 build year mean for a buyer?
Built in 1990, this home is newer than many in Winnipeg (where the city-wide average build year is 1966). This often translates to building materials and systems (like wiring and plumbing) that are more modern, potentially reducing the need for near-term major renovations.
4. Is the lot size a limitation?
The 4,192 sqft lot is smaller than the average for the area. This could be a positive for buyers seeking a smaller yard to maintain, but may be a consideration for those wanting extensive outdoor space, gardens, or future expansions.
5. How competitive was the recent sale?
The sale price fell in the top 31% city-wide, suggesting it was a strong, competitive sale. This indicates healthy demand for well-priced, newer homes in this area, which is a positive sign for future resale value.