123 Balaban Place

Mission Gardens, Winnipeg

Property score

57.1

Fair

Overall 57.1 · Compared with neighbourhood average

998 sqft (bottom 33%) · Built in 1978 (10 yrs older than avg)

Located in a high-income area with median household income of ~89k

Transit 92.0 · 2-min walk to transit with 6 nearby routes · Within 500m: 5 dining spots, 2 shops, 5 parks, and 1 sports facility nearby

Living Area

Below average

14% smaller than neighborhood avg.

Taon ng Paggawa

Near average

10 yrs older than neighborhood avg.

Mother tongue

English · 77%Tagalog · 7%

Past 10 years Mission Gardens sales snapshot (~80% of all data)

Sold Count

456

Median price

413k

$/sqft

$355/sqft

Avg build year

1988

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Property score

57.1 is composed by the two sections below.

Property Score

50.3Fair
Living Area998 sqft42Low
Taon ng Paggawa197867Good
Lupa5,405 sqft67Good
Neighbourhood Sales Activity32Low

Community Score

67.3Good
Household Income80Excellent
Education Level10Low
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health60Fair

Istatistika ng benta ng komunidad

Mission Gardens

How to read: Share of sales in each ~$50k price band for “mission gardens” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110817

Community deep dive

$89K

Median household income

$89K

Average household income

3%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

19%

Single-person households

27%

Families with children

Population, labour & age

Population (2021)450
Labour force participation rate64%
Median age42.4
Avg household size2.5
Unemployment rate13%
Population density381 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households19%
Couple families with children27%
Median household income (2020)$89K

Housing

Renter households11%
Condominium dwellings0%
Median dwelling value (owners)$314K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority16%
Bachelor's or higher (25–64)8%
Mother tongue (1st)English · 76%
Mother tongue (2nd)Tagalog · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

karaniwan
998 sqft
0255075100
Same streetTop 41%Same areaBottom 33%CitywideBottom 26%
Same street · Balaban Place
#26 / 64
Top 41% · Avg 958 sqft
Same area · Mission Gardens
#921 / 1,366
Bottom 33% · Avg 1,162 sqft
Citywide · Winnipeg
#144,284 / 194,458
Bottom 26% · Avg 1,342 sqft

Assessed Value

lampas sa average
360k
0255075100
Same streetTop 16%Same areaTop 50%CitywideTop 50%
Same street · Balaban Place
#10 / 64
Top 16% · Avg 338.8k
Same area · Mission Gardens
#689 / 1,366
Top 50% · Avg 373.4k
Citywide · Winnipeg
#97,764 / 194,458
Top 50% · Avg 390.1k

Taon ng Paggawa

Elite
1978
0255075100
Same streetTop 2%Same areaBottom 44%CitywideTop 35%

Lupa

karaniwan
5,405 sqft
0255075100
Same streetBottom 37%Same areaTop 40%CitywideTop 46%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

123 Balaban Place — 13 amenities found within 500 m, across 4 categories, including 5 dining (nearest 283 m), 2 shopping (nearest 238 m), 5 parks (nearest 80 m).

Search radius
🍽️Dining5
🛒Shopping2
🌳Parks5
💪Sports1

Crime & Safety

Mission Gardens · WPS public data · 2026

Annual incidents

9

2026

vs. city avg

-69%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

67%

Kasaysayan ng Benta

Naibenta 5/2017CA$250k–300k
Presyo ng benta

Parehong kalye

Bottom 24%

Parehong lugar

Bottom 24%

Buong lungsod

Bottom 31%

Related homes

Mga tampok at karaniwang tanong: 123 Balaban Place, Winnipeg

Property Overview: 123 Balaban Place, Winnipeg

Key Characteristics & Appeal

This 998 sqft bungalow, built in 1978, sits on a 5,405 sqft lot in the Mission Gardens neighbourhood. Its key appeal lies in its strong relative value and established setting. With an assessed value of $360,000, it ranks well above average for its own street (Top 16%), indicating it is perceived as a higher-quality home within this immediate area. Interestingly, it is the newest home on Balaban Place (Top 2%), which may suggest updates or a later construction phase that others on the block lack.

The home’s living space is modest compared to the Winnipeg average but is typical for Mission Gardens. This creates a specific dynamic: you’re acquiring a well-regarded property on its street, within a neighbourhood of similarly sized homes, but with less square footage than the broader city norm. This profile suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a solid investment in a stable neighbourhood over maximum interior space. The lot size is very standard for the area, offering typical outdoor space without being a standout feature.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is for municipal tax purposes, this home’s ranking (Top 16% on its street) suggests it has features or condition that place it above its immediate peers. It’s a useful data point, but market conditions and specific home features will ultimately determine the sale price.

2. How does the home’s size compare practically?
At 998 sqft, it’s comfortably sized for Mission Gardens but below the city-wide average. This typically means efficient, well-utilized spaces rather than expansive rooms. It’s ideal for smaller households or those seeking easier maintenance.

3. What does it mean that this is the newest home on the street?
Being built in 1978 and ranking as the newest among 64 homes on Balaban Place suggests the street consists of very established properties. For this home, it could imply potentially newer major systems (like plumbing or electrical) compared to neighbours, but a professional inspection is still essential.

4. What can the past sale price (2017, $250k-$300k) tell me?
It shows historical value growth. The exact sale price is available upon request to the listing service. This history, combined with the current assessment, helps illustrate the property’s appreciation trend over an 8+ year period.

5. How does the lot size impact potential?
At just over 5,400 sqft, the lot is very typical for the area. It provides standard backyard space for gardening or recreation but is not unusually large for future expansions, which would be subject to zoning bylaws.

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