Property Overview: 760 Hoskin Avenue, Winnipeg
Key Characteristics & Appeal
This 948 sqft bungalow, built in 1958, sits on a notably generous 5,496 sqft lot in the Munroe East neighbourhood. Its primary appeal lies in its land value and established location. The lot size is well above average for both the immediate street and the broader area, offering ample outdoor space and potential for expansion or gardening—a relative rarity for the neighbourhood. While the living space is modest and typical for the area, the home’s assessed value is proportionally low, suggesting it may present an accessible entry point into the market.
The property would suit practical, value-oriented buyers. This includes first-time homeowners looking for a manageable footprint with room to grow outdoors, or investors seeking a land-strong asset in a stable area. It’s a home for someone who sees potential in the lot itself, possibly prioritizing future outdoor enjoyment or renovation over immediate move-in luxury. The data indicates it’s a house that competes well within its local context but sits below the city-wide averages for size and value, marking it as a grounded, no-frills opportunity.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value of $29,700 is used to calculate your municipal property taxes. It’s significantly below the city-wide average for comparable homes, which typically suggests lower annual property tax bills relative to many other parts of Winnipeg.
2. How does the lot size compare to nearby properties?
The 5,496 sqft lot is a standout feature. It ranks in the top 13% on Hoskin Avenue and the top 24% in Munroe East, meaning it’s larger than most direct neighbours. This offers more private outdoor space than is common for the area.
3. The home sold between $250k-$300k in 2017. What does that history indicate?
This past sale price provides a historical benchmark. Given the current assessed value and the typical relationship between assessment and market value, it suggests the home has been positioned as a more affordable option in Winnipeg’s market for some time.
4. Is the age of the home (1958) a concern?
The home is older than most on its specific street but is average for the wider neighbourhood and city. Buyers should budget for expected maintenance and potential updates common to houses of this era, such as roofing, windows, or mechanical systems. Its above-average ranking on the street indicates it’s one of the newer homes in that immediate row.
5. Who would this property not suit as well?
It may not be the best fit for buyers seeking a large, modern interior without renovation work, or for those who prioritize a premium city-wide location. The data shows the living area is below the Winnipeg average, and the value ranks in the bottom 30% city-wide, indicating it’s a more modest offering in the broader market context.