767 Hoskin Avenue

Property Overview: 767 Hoskin Avenue, Winnipeg

Key Characteristics & Appeal

This home at 767 Hoskin Avenue is a practical, no-frills property in Winnipeg's Munroe East neighbourhood. Built in 1956, its 920 sqft living area is modest and below average for the local area and city, positioning it as a more compact and manageable space. The lot size is a standard 4,995 sqft, typical for the street. The standout characteristic is its assessed value of $28,600, which is notably below the city-wide average and competitive within its immediate area. This creates a clear value proposition centered on affordability and lower property taxes.

The appeal lies in its straightforward utility. It suits first-time buyers seeking an entry point into the market with minimal financial overhead, or investors looking for a rental property with a lower initial outlay. Its size and vintage suggest it may be ideal for those comfortable with a home that requires personalization or who prioritize land and location over turn-key finishes. A less obvious perspective is that its "below average" size and value metrics could represent a lower-risk opportunity for someone wanting to build equity through renovations without over-capitalizing for the neighbourhood.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by the home's age, size, condition, and local market trends. This valuation reflects the property's specific characteristics compared to the broader Winnipeg market, which includes many newer and larger homes.

2. What does the ranking data for living area and value mean?
The rankings compare this home to similar properties on its street, in Munroe East, and across Winnipeg. For example, being in the "Top 76%" for living area on Hoskin Avenue means approximately 76% of comparable homes on the street are larger. This data helps contextualize the property within its peer group.

3. Is the smaller living area a significant drawback?
That depends on your needs. The below-average square footage is a key factor in the home's affordability. It may be a drawback for those needing more space but an advantage for buyers seeking a cozy, low-maintenance home or a renovation project where they can reconfigure the existing layout.

4. How can I find out what this or similar homes have actually sold for?
The page notes that exact sold price history is available by request via email. The provided "Similar assessed value" list can also serve as a starting point for researching comparable market activity.

5. What are the implications of the home being built in 1956?
A home of this age likely has original building materials and systems. Prospective buyers should budget for a thorough inspection to understand the condition of the roof, wiring, plumbing, and insulation, which could present both maintenance considerations and renovation opportunities.