Property Overview: 98 Hofsted Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This 2018-built home in Ridgewood South presents a compelling mix of modern construction and above-average space. With 1,905 sqft of living area, it offers more room than most Winnipeg homes, while its lot size of over 8,100 sqft is notably generous for its street, providing ample outdoor space. The property’s standout feature is its elite assessed value of $908k, which places it in the top 1% of homes city-wide and indicates it is a premium asset within its market.
The appeal lies in acquiring a relatively new, low-maintenance home without sacrificing land size—a combination that can be rare in newer subdivisions. It suits buyers looking for a move-in-ready, modern property in a well-established neighborhood, particularly those who value both indoor square footage and private outdoor space. The data suggests it would attract upwardly mobile families or professionals seeking a long-term home with strong investment credentials, given its value consistently ranks at the very top of its peer groups.
A less obvious perspective is that while the home is newer than most in the city, it is around the average age for its immediate area. This means you benefit from modern builds without being an outlier, potentially simplifying future renovations or maintenance with commonly available materials and designs.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value of $908k is for municipal tax purposes and is an official valuation. While not a direct market price, it is a strong indicator of the home’s premium standing, ranking in the top 1% city-wide. The last known sold price range (2021) was between $900k and $950k.
2. Is the lot size typical for the area?
The lot is larger than typical. At 8,138 sqft, it ranks in the top 5% on Hofsted Drive and offers more yard space than most comparable properties in the immediate vicinity.
3. What does the "Top X%" ranking mean for living area?
It provides context. The home’s living area is above average for Winnipeg (top 13%) but is more in line with the averages for its specific street and neighborhood. This indicates you are getting a spacious home that fits comfortably within the scale of the local community.
4. How can I get the exact historical sold prices?
The site provides sold price ranges for reference. Due to industry rules, exact MLS sold figures are not displayed. You can request the full transaction history and exact figures via email from the site’s team, who will provide a manual lookup.
5. The home was built in 2018. Are there any newer homes nearby for comparison?
Yes. The average build year on the street is 2018, so several homes of similar age surround it. For example, nearby references at 131 Hofsted Drive and 35 Chaikoski Court were also built in 2018, offering a consistent neighborhood character.