Property Overview: 733 Hoskin Avenue, Winnipeg
Key Characteristics & Appeal
This 946 sqft bungalow, built in 1957, sits on a just-under 5,000 sqft lot in Munroe East. Its core appeal lies in its solid value proposition within its immediate community. While the living space is modest compared to the city average, the home’s assessed value ranks notably above average for both its street and neighbourhood. This suggests it may offer good value relative to other properties in the area, potentially due to factors like lot size, condition, or improvements.
The property suits practical buyers looking for an entry point into a stable neighbourhood without a premium price tag. It’s a candidate for those comfortable with a home of vintage character who may prioritize lot size over interior square footage. A thoughtful perspective is that its "above average" assessed value on the street could indicate it's one of the better-maintained or more updated homes on the block, offering a move-in-ready advantage in an area of older homes.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($32,100) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay, influenced by current conditions. The home last sold between $350k-$400k in 2021.
2. How does the home's size compare to others?
At 946 sqft, it’s slightly below the average size for similar homes on Hoskin Avenue (~1,023 sqft) and notably smaller than the Winnipeg city-wide average (~1,342 sqft). It offers efficient, manageable space.
3. What does the sold price history tell us?
The history shows a significant appreciation between the 2021 sale ($250k-$300k) and the 2021 sale ($350k-$400k). This indicates strong past value growth, but past performance does not guarantee future results.
4. Is the lot size a positive feature?
The 4,995 sqft lot is very typical for the street and neighbourhood. It provides standard outdoor space for a home of this era, but isn’t unusually large compared to local peers.
5. The data shows rankings for "Year Built." What does that mean?
Built in 1957, it’s newer than many homes in Munroe East but older than many across Winnipeg. This is common for the area, meaning major systems (roof, wiring, plumbing) may be due for updates or may have been recently modernized.