Property Overview: 94 Hofsted Drive, Winnipeg
Key Characteristics & Appeal
This 2019-built home in Ridgewood South stands out for its substantial size and premium valuation within a newer, established neighborhood. With 2,307 sqft of living space, it ranks in the top 10% of its neighborhood and top 5% city-wide for size, offering significantly more room than the average Winnipeg home. Its assessed value of $863k places it firmly among the elite 2% of properties city-wide, indicating a high-caliber investment in a desirable location.
The appeal lies in acquiring a modern, low-maintenance property that is both newer than most on its street and considerably newer than the typical Winnipeg home. While the lot size is consistent with the street average, the home’s interior scale and premium finish are its defining features. This property is ideally suited for buyers seeking move-in-ready, spacious modern living without the wait and uncertainties of new construction, and for those who value a strong investment profile as evidenced by its standout assessed value among peers.
Frequently Asked Questions
1. How does the sold price compare to the current assessed value?
The home last sold in March 2019 for an estimated $800k-$850k. The current assessed value of $863k is in line with that range, reflecting the property’s appreciation and sustained premium market position.
2. Is the lot size a constraint for expansion or outdoor space?
At 6,136 sqft, the lot is typical for Hofsted Drive but smaller than the broader neighborhood average. It provides standard outdoor space for a newer subdivision but may limit significant future expansions like large additions or pools.
3. What does the "Elite" city-wide ranking for year built mean?
Ranking in the top 4% city-wide for year built (2019) highlights that this is one of Winnipeg’s newer homes. This suggests modern building standards, systems, and design, with likely lower immediate costs for repairs and updates compared to the city’s much older housing stock.
4. Are property taxes likely to be high?
Given the assessed value is in the top 2% in Winnipeg, property taxes will be correspondingly high. Buyers should budget for a tax bill commensurate with this elite valuation tier.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. For fully verified, exact transaction figures, you must request a manual lookup from the site’s team, as they do not have access to or display MLS sold data directly.