Property Summary: 513 Hudson Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its modern build and efficient scale. Its primary appeal lies in being a notably newer construction (built in 2002) compared to most homes on its street and in the wider Maybank area, suggesting potentially lower maintenance costs and modern building standards. With a living area of 896 sqft, it is a compact, manageable property suited for individuals, couples, or small families seeking simplicity without a large footprint.
The assessed value is strong relative to its immediate neighbourhood, ranking well above average for Hudson Street and Maybank. This indicates the property is viewed favorably within its local market context. The lot size is adequate and typical for the city, offering outdoor space without the burden of extensive upkeep.
This property would best suit pragmatic, value-conscious buyers. It’s ideal for a first-time homeowner looking for a modern, low-maintenance entry into the market, or for a downsizer seeking a manageable property that avoids the issues common with much older housing stock. Its appeal is less about grandeur and more about solid fundamentals, modern convenience, and financial sensibility.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 896 sqft, the living area is below the average for similar homes on Hudson Street, in Maybank, and city-wide. It is a compact, efficient layout.
2. Why is the assessed value ranking higher than the size ranking?
The assessment ranks well above average locally because it reflects the property’s newer construction (2002) and likely condition, factors that outweigh its smaller square footage in the valuation.
3. What does the "Elite" ranking for Year Built mean?
It means this home is among the newest 5% of comparable properties on Hudson Street. Built in 2002, it is significantly newer than the street average, which is around 1962.
4. Can I get the exact historical sale price?
The public data shows a sale in the range of CA$300k–350k around 2020. The exact sale price is available by request via email from the listing service, which they provide manually.
5. What are the less obvious considerations with a property like this?
The modern build is a major advantage, but the smaller interior space requires thoughtful organization. Its strong value assessment in the area could be a stabilizing factor, but buyers should verify if recent renovations or specific features in older, larger homes on the street might offer different value.