Property Overview: 1160 Balgona Road, Winnipeg

Key Characteristics & Appeal

This 888 sqft home, built in 1947, presents a distinct profile defined by contrast. Its living space and assessed value ($271k) are notably below averages for both its street and the Rosser-Old Kildonan neighborhood. This positions it as one of the most accessible entry points into the area. The primary appeal lies in its land: a 12,123 sqft lot that ranks in the top 3% city-wide for size. This offers exceptional outdoor space and potential that is rare in Winnipeg.

The property suits practical, value-oriented buyers. It’s a fit for first-time purchasers seeking a foothold in the market, those with renovation or expansion visions for whom the large lot is a canvas, or investors looking for a land-value play. Its appeal is not in immediate move-in luxury, but in foundational value and long-term potential. A thoughtful perspective is that this home offers privacy and room to grow in a settled area, a trade-off of interior space for expansive outdoor possibilities that are increasingly scarce.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
The assessed value reflects the home’s smaller size, older age, and likely more modest condition compared to larger, newer homes on the street and in the area. The valuation is primarily based on the property as it currently exists.

2. What can I do with such a large lot?
Beyond gardening and recreation, the lot size offers future potential for additions, a garage, or secondary structures (subject to zoning and permit approvals). It provides a level of privacy and space uncommon in the city.

3. How reliable is the last sold price shown?
The displayed sold price range (CA$200k–250k for 6/2019) is based on public data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup via the site’s provided email service.

4. Is the house in need of major updates?
Given its 1947 build date—significantly older than area averages—prospective buyers should budget for potential updates to systems, insulation, and infrastructure, which is typical for homes of this vintage.

5. Are the property taxes lower due to the lower assessment?
Generally, yes. Property taxes are calculated using the assessed value, so this home would likely have a lower tax burden than neighboring properties with higher assessments, all else being equal.