Property Overview: 659 Hoskin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 659 Hoskin Avenue in Munroe East is a classic post-war bungalow, built in 1957. Its primary appeal lies in its strong positional value within the local context. The property features a 1,044 sqft living area, which is typical for the street and neighbourhood, but it stands out due to its generous 5,318 sqft lot—significantly larger than many nearby properties. This offers valuable outdoor space and potential.
The most compelling characteristic is its assessed value of $35,700, which ranks in the top 5-7% for both the immediate street and the broader Munroe East area. This suggests the property is viewed as a higher-value asset compared to its direct peers, which could be due to its condition, improvements, or its desirable lot size. Recent sale history shows a notable increase in value between 2019 and 2024, indicating strong market momentum.
This home would suit a practical buyer looking for a established neighbourhood character. It’s ideal for someone who values a larger yard over a larger house and is potentially comfortable with the maintenance or update projects common to homes of this era. It represents a solid, middle-ground option: not the newest on the block, but a property that holds its own and offers tangible equity in the form of land.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It means that, for property tax assessment purposes, this home is valued higher than 93-95% of similar properties on its street and in Munroe East. This often reflects desirable attributes like lot size, condition, or improvements that assessors have noted, but it can also influence future property taxes.
2. Is the living space considered small?
At 1,044 sqft, it is slightly above the average for both Hoskin Avenue and Munroe East, but below the Winnipeg city-wide average. It is a comfortable size for a small family or couple, typical of the bungalow style prevalent in the area.
3. How does the lot size benefit a buyer?
The lot of over 5,300 sqft is a key asset. It provides more privacy, space for gardening, play, or entertaining, and greater potential for future additions like a garage, shed, or expanded deck compared to standard lots in the neighbourhood.
4. The home sold recently in 2024. What does that indicate?
The sale in the $400k-$450k range, following a 2019 sale in the $250k-$300k range, shows significant appreciation. This suggests the area is in demand and that investments in the property (or the market overall) have paid off. It sets a clear recent benchmark for the property’s market value.
5. What should I consider about the home’s age?
Built in 1957, the home is older than many in Munroe East. This isn’t unusual for Winnipeg, but it warrants a close look at the condition of major aging components like the roof, plumbing, electrical systems, and windows during an inspection to understand any upcoming maintenance.