7 Hobart Place

Property Overview

7 Hobart Place is a compact, one-storey home in Winnipeg's Dakota Crossing neighbourhood. Built in 1992, it is newer than most city homes and the newest on its street. With 968 sqft of living space, it is notably smaller than average for both the area and the city, positioning it as a more affordable entry point. The home sits on a roughly 5,300 sqft lot, which is typical for the local area. A key feature is its renovated basement, adding functional living space. There is no garage or pool. The home last sold in 2018 for $31,900, and its current assessed value is $40,400.

Key Characteristics & Appeal

This property’s primary appeal lies in its efficiency and affordability within a mature, established neighbourhood. Its smaller size and lower price point make it accessible for first-time homebuyers, downsizers, or investors seeking a straightforward rental property. The renovated basement is a significant asset, effectively expanding the usable space beyond the modest main floor.

A less obvious perspective is its relative newness. Being built in 1992, it likely requires fewer immediate updates to major systems (like roofing or windows) compared to much of Winnipeg's older housing stock, offering a move-in-ready quality. Furthermore, while the living area is small, the lot size is standard for the street, providing balanced outdoor space without excessive maintenance. It suits a pragmatic buyer who prioritizes financial accessibility and a renovated condition over square footage, and who values a home that is newer than its immediate surroundings.

Frequently Asked Questions

1. Is the home truly move-in ready?
While the listing notes a renovated basement, the condition of the main floor (kitchen, bathroom, flooring) is not detailed. A viewing is essential to determine if any further updates are desired.

2. What are the property taxes?
With an assessed value of $40,400, the municipal property taxes would be relatively low compared to larger homes, but the exact annual amount should be verified.

3. Where is parking available?
The home has no garage. Parking would be via driveway or on-street, which should be confirmed during a visit.

4. How does the 2018 sale price relate to the current asking price?
The home sold for $31,900 in early 2018. The current assessed value is $40,400. Market conditions and any renovations completed since 2018 will influence the listing price.

5. Is the smaller living area a concern for resale?
The home ranks in the lower percentiles for size locally. This maintains its affordability but may appeal to a specific segment of the market, which is a factor to consider for long-term value.