Property Overview: 58 Hofsted Drive, Winnipeg
Key Characteristics & Appeal
This 2017-built home in Ridgewood South stands out for its generous scale and premium valuation within a modern neighborhood. Its 2,285 sqft living area places it well above averages for the street, neighborhood, and significantly above the Winnipeg norm, ranking in the top 5% city-wide. The assessed value of $846k tells a clear story of established worth, ranking in the top 10% on its street, top 3% in Ridgewood South, and top 2% across the entire city.
The primary appeal lies in acquiring a spacious, relatively new home in a developed area without compromising on size—a combination that is statistically elite for Winnipeg. While the lot size is consistent with the street average, the home itself offers substantial interior space. It suits buyers who prioritize move-in readiness, modern construction, and above-average square footage, and who are comfortable with a value proposition that reflects a premium, established asset rather than a fixer-upper or a bargain lot. A thoughtful perspective is that this property represents stability and "known quantity" value within its micro-market, as evidenced by its strong standing against immediate neighbors and recent comparable sales.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the home last sold in 2017 for an estimated $750k-$800k. Its current assessed value of $846k places it in the top 10% on Hofsted Drive, suggesting its market value has appreciated in line with or above other homes in the immediate area.
2. Is the lot size typical for the area?
The 6,066 sqft lot is very typical for Hofsted Drive, but is below the broader Ridgewood South neighborhood average. This indicates the street consists of newer homes on efficiently sized lots, with the property’s appeal centered more on the home’s size and modern features than on extensive outdoor space.
3. What does the "Elite" city-wide ranking for year built mean?
While the home is average-aged for its modern street, being built in 2017 makes it newer than approximately 95% of all comparable homes across Winnipeg. This highlights the advantage of a contemporary build in a city with many older housing stocks.
4. How reliable is the sold price history provided?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site, which they provide via email.
5. Are property taxes available for this listing?
Property taxes are not detailed in this summary. The assessed value of $846k is a key municipal determinant for calculating taxes, and prospective buyers should inquire directly for an accurate annual tax estimate.