Property Overview: 454 Hudson Street, Winnipeg
Key Characteristics & Appeal
This home at 454 Hudson Street in Maybank presents a practical opportunity with a specific value proposition. Built in 1975, it is notably newer than many homes on its street and in the wider neighbourhood, which can be a significant advantage for maintenance and system updates. With 1,115 sqft of living space and a generous 5,751 sqft lot, it offers solid room for a small family or those seeking extra outdoor space.
Its primary appeal lies in its balance and potential. The assessed value is modest relative to the street, which may indicate a lower property tax burden or an opportunity for value growth. The home doesn’t rank at the very top in any single category city-wide, but it consistently performs above or around average across key metrics for its immediate area, suggesting a reliable, no-surprises investment in an established neighbourhood.
This property would suit a first-time homebuyer or a pragmatic investor looking for a manageable entry into the Winnipeg market. It’s also a fit for those who prioritize a newer build date within a mature community and value a larger lot over a maximized interior footprint. The recent sale in the $350k-$400k range aligns with its positioned value.
Frequently Asked Questions
1. Is the 1975 build date an advantage?
Yes, especially in this context. It means major components like plumbing, electrical, and the roof are likely decades newer than those in many neighbouring homes built in the 1950s and 60s, potentially reducing immediate repair costs.
2. Why is the assessed value below average for Hudson Street?
This could be due to several factors, including the specific condition of the home, interior finishes, or the municipal assessment model. It’s important to note that assessed value is for taxation and doesn't always directly correlate with market sale price, as seen by its 2024 sale price being in a higher tier.
3. What does the lot size offer?
At over 5,700 sqft, the lot is larger than the city average. This provides ample space for gardening, recreation, or future expansions like a deck, shed, or addition, which is a valuable asset not always available in older neighbourhoods.
4. How does this home compare to the one recently sold next door?
The reference property at 407 Hudson Street (sold $407k) is older (1959) and has slightly less living space, but a similar assessed value. This highlights how market prices can vary based on condition, updates, and specific buyer demand, beyond raw stats.
5. Where can I see more detailed context for this property?
A neighbourhood analysis map is available, allowing you to visually compare this home with nearby houses based on year built, size, value, and lot dimensions. This helps understand its true standing in the immediate area.