Property Overview: 50 Heroic Place, Mission Gardens, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,150 sqft home, built in 2009, sits on a generous 5,578 sqft lot in Winnipeg's Mission Gardens neighborhood. Its key appeal lies in a compelling balance of modern construction and established community. While it is the smallest home on its street, it is competitively sized for the wider area and city, offering a manageable footprint. The 2009 build date is a significant advantage, placing it well above average for newer construction both locally and citywide, which suggests modern building standards and potentially lower immediate maintenance costs.

The property’s assessed value of $42,400 is notably above the average for Mission Gardens, indicating it is viewed favorably within its immediate neighborhood context. This, combined with its recent sale in the $450k-$500k range, points to a home that holds its value in a desirable area. The lot size is comfortably average, providing good outdoor space without being excessive to maintain.

This home would suit first-time buyers or downsizers seeking a modern, low-maintenance property in a mature neighborhood. It’s also a practical choice for value-conscious buyers who prioritize a newer build year and a solid neighborhood standing over having the largest house on the block. The data suggests you’re buying into a well-regarded street and area, with the home itself representing a newer, efficient entry point.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 1,150 sqft, it is the smallest home on Heroic Place. However, it is very close to the average size for Mission Gardens and only slightly below the Winnipeg average, making it a standard-sized home for the broader market, just on a street of larger properties.

2. Why is the assessed value higher than the area average?
The assessed value of $42,400 ranks in the top 25% for Mission Gardens. This is likely due to the combination of its newer construction (2009) and its specific location, suggesting the property is assessed as a premium offering within the neighborhood.

3. What does the 2009 build year mean for me?
A 2009 build is a major plus. It means major components like the roof, windows, furnace, and electrical system are relatively young and likely comply with modern building codes. This can translate to years of reliable service before significant replacements are needed.

4. How does the recent sale price relate to the assessed value?
The home sold for between $450,000 and $500,000 in 2024. The assessed value for tax purposes is not a market valuation but an administrative figure. The recent sale price is the true indicator of its current market value, which is significantly higher.

5. What is the neighborhood context of this property?
The data shows a mix: while the home is smaller than its immediate neighbors, it is newer than most and sits on a standard lot. Its value ranks highly in the area. This indicates you are purchasing in an established, desirable neighborhood where this property represents one of the more modern, lower-maintenance options.