Property Overview: 209 Hatcher Road, Mission Gardens, Winnipeg

Key Characteristics & Appeal

This 812 sqft bungalow, built in 1975, presents a practical and affordable entry point into Winnipeg’s Mission Gardens neighborhood. Its primary appeal lies in its value proposition. With an assessed value significantly below both area and city averages, it offers a lower financial barrier to entry. The home sits on a 3,800 sqft lot, which is compact relative to nearby properties, suggesting easier maintenance and a focus on indoor living space.

The home’s characteristics point to a specific buyer profile. It is well-suited for first-time homebuyers, downsizers, or investors seeking a manageable property with a proven history of value appreciation, having sold within the $150k-$200k range in 2020. Its smaller size and lot make it a low-maintenance option, while its age suggests potential for updates that could add value. A thoughtful perspective is that while the living area is modest compared to peers, this can translate to lower utility costs and a cozy, efficient layout. Its assessed value ranking is stronger on its immediate street than in the wider area, indicating it sits on a street of relatively similar, affordable homes.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($28,400) is for municipal tax purposes. The likely market value is higher, as indicated by its 2020 sale in the $150,000-$200,000 range. Always rely on a current market evaluation for buying or selling.

2. What does the living area ranking mean for daily life?
Ranking in the lower tier for size means this is a compact home. It will suit those comfortable with efficient use of space and may not be ideal for those needing multiple large rooms or extensive storage. The upside is typically lower heating and cooling costs.

3. How might the smaller lot size be an advantage?
The 3,800 sqft lot is below average for the area, which generally means less time and money spent on yard maintenance, landscaping, and snow removal. This can be a significant benefit for busy professionals or those looking to minimize outdoor chores.

4. The home is 51 years old. What should I consider?
While major systems like roof, furnace, and windows may have been updated, their age and condition should be a key focus of a home inspection. An older home like this can be a good candidate for gradual, value-adding renovations.

5. Where can I see more detailed information about the neighborhood?
You can use the provided link to open a detailed neighbourhood analysis map. This tool allows you to visually compare this property with nearby homes based on year built, size, value, and lot dimensions.