Property Overview
This two-storey home at 131 Hofsted Drive in Winnipeg's Ridgewood South neighbourhood presents a practical, modern living option. Built in 2018, it offers nearly 2,000 sqft of living space on a generous 5,234 sqft lot, with an attached garage. The home's appeal lies in its balance of being relatively new—minimizing immediate major repair concerns—while being established enough to see how the neighbourhood has matured. Its assessed value ranks highly city-wide, suggesting a solid foundation of municipal valuation. The property would suit first-time buyers or young families looking for a move-in-ready home without the premium of a brand-new build, or downsizers seeking a manageable, single-family layout without extensive upkeep. A thoughtful perspective is the home’s position within its immediate street: its lot size ranks in the top third on Hofsted Drive, offering more outdoor space than many neighbours, which is a fixed advantage not found in every newer property.
Key Details & Questions
What are the key characteristics?
This is a two-storey home built in 2018, featuring 1,964 sqft of living space, a 5,234 sqft lot, and an attached garage. The basement exists but is not renovated. The home has changed hands twice, in 2019 and 2020.
Where does this property rank compared to others?
The data shows a mix. While its lot size and assessed value rank in the top tiers for Winnipeg overall, its living area is more average within its specific neighbourhood and street. This indicates you're getting a well-sized property by city standards on a desirable lot, but the house itself isn't the largest on the block.
What does the sale history indicate?
It sold for $620,000 in late 2020 and $575,000 in late 2019. This history, alongside the current assessed value of $597,000, provides a reference point for market trends over recent years in this area.
Is the basement finished?
No, the listing specifies the basement is "not renovated." This presents potential for future customization or additional living space, but also means it's not a current living area.
Who might this home not suit?
It may not be ideal for buyers seeking a fully turnkey property with a finished basement, or for those prioritizing a home with extensive recent upgrades. The appeal is more in its solid, newer construction and lot size rather than high-end finishes.