712 Hoskin Avenue

Property Summary: 712 Hoskin Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,249 sqft bungalow, built in 1958, presents a distinct profile defined by notable contrasts. Its primary appeal lies in its generous living space, which ranks within the top 4% of homes on its street and top 7% within the Munroe East neighbourhood, offering more room than most comparable local properties. This makes it a practical choice for those seeking a spacious interior without a premium price tag, as reflected in its well-below-average assessed value.

The property’s standout characteristic is its very modest lot size (2,383 sqft), the smallest on Hoskin Avenue. This translates to minimal exterior maintenance, a significant advantage for downsizers, first-time buyers, or investors seeking a low-maintenance, turnkey property. The home suits value-conscious buyers prioritizing interior space over yard size, and those who see the below-average assessment as an opportunity for potential equity growth in a well-established neighbourhood. A thoughtful perspective is that this home offers a "right-sized" footprint for efficient living, where the space you own is almost entirely under roof and usable year-round—a practical alternative to paying for a large, underutilized lot.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on specific property characteristics. In this case, the very small lot size is a major factor, along with the home’s age and potentially its condition or features as compared to the broader city average, which includes many newer and larger properties.

2. What does having the smallest lot on the street mean for me?
It primarily means less yard work and lower maintenance costs. It may also limit expansion possibilities like large additions or pools, but it often results in a more affordable property tax bill and a manageable outdoor space.

3. The home sold in 2017 and 2019. What does that indicate?
The recent sales history suggests it has been a viable and marketable property. The increase in the sold price range between 2017 and 2019 indicates it has appreciated in value. The turnover might appeal to investors or indicate a neighbourhood with good liquidity.

4. How does the living area compare to a typical new home?
At 1,249 sqft, the living area is slightly below the current city-wide average for comparable homes (~1,342 sqft). However, it is significantly larger than the average home in its immediate area and on its street, meaning you get more interior space than most of your direct neighbours.

5. Where can I see more details about the neighbourhood and comparable properties?
You can use the provided link to open the neighbourhood map analysis, which visually compares this property to nearby houses based on year built, living area, assessed value, and lot size. For the exact historical sold prices, you can submit a request via email.