Property Overview: 61 Hobbs Crescent
Key Characteristics & Appeal
This well-situated home at 61 Hobbs Crescent presents a compelling blend of space, value, and location within the Valley Gardens neighborhood. Its primary appeal lies in its efficient use of space and its strong standing within its immediate community. The 1,256 sqft living area is notably above average for Hobbs Crescent itself, ranking in the top 14% of the street, offering more interior room than most direct neighbors. Built in 1974, it is also among the newer homes on the block. The assessed value is consistently aligned with averages at every level—street, neighborhood, and citywide—suggesting a fair, market-reflective price without premium speculation. The lot size of 5,461 sqft is comfortably average for the area, providing standard outdoor space.
This property would suit practical buyers looking for a move-in-ready home in an established neighborhood without overpaying for prestige. It’s ideal for first-time homeowners, small families, or downsizers who prioritize more interior space over a massive yard, and who appreciate a home that holds its value squarely within community norms rather than at an outlier premium. A thoughtful perspective is that this home offers a "neighborhood advantage"—its specs are most impressive right where it matters most, on its own street, indicating a good relative position within its micro-community.
Frequently Asked Questions
1. Is the living space actually larger than similar homes?
Yes. The living area is a key strength, ranking in the top 14% on its own street and top 23% in the wider Valley Gardens neighborhood, meaning it offers more interior space than many comparable local properties.
2. How does the assessed value compare to asking price?
The assessed value of $332k is a municipal valuation for tax purposes. It is consistently "around average" at all comparison levels, suggesting the home is not uniquely over- or under-valued relative to its peers, providing a stable benchmark.
3. What does the year built (1974) indicate?
Built in 1974, this home is newer than most on its street (top 14%), which can suggest updated infrastructure. Citywide, it's around average, placing it in a common era of Winnipeg housing stock with known maintenance profiles.
4. Is the lot size a drawback?
The lot is not exceptionally large, but it is typical. It's slightly smaller than the street average but slightly larger than the neighborhood average, representing a standard urban lot that balances yard space with low-maintenance practicality.
5. How does this home rank overall in its area?
The data shows a home that performs strongest in its hyper-local context. It offers above-average living space and a newer build on its street, while other metrics like value and lot size align with broader area averages, portraying a solid, competitive property within its immediate circle.