Property Summary: 59 Hunterspoint Road
Key Characteristics & Appeal
This is a well-established, two-storey family home in the Betsworth area, built in 1981. It sits on a generous 6,023 sqft lot and offers 1,628 sqft of living space, including a finished basement. The property features an attached garage and no pool.
Its primary appeal lies in its proven stability and above-average footprint for the area. The home ranks in the top third of Winnipeg for both lot size and living area, meaning it offers more space than most city properties. While its age places it in the middle of the pack, the data suggests it has been a solid long-term holding; its assessed value and recent 2022 sale price are both strong, outperforming over 80% and 84% of Winnipeg homes, respectively. This indicates a property that has maintained its worth effectively.
This home would suit practical buyers looking for space and established community character over brand-new finishes. It’s ideal for a family that values larger indoor and outdoor room to grow and isn’t afraid of a home that may require periodic updates. The strong value retention also makes it a sensible choice for a long-term buyer seeking a stable investment in a mature neighbourhood.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics. For example, ranking in the "top 31%" for lot size in Winnipeg means 69% of city homes sit on smaller lots. It's a quick way to gauge how it stacks up.
2. The home was built in 1981. Should I be concerned about major repairs?
While the core structure is 45 years old, the consistent value growth suggests it has been maintained. Key systems (roof, furnace, windows) may be at or beyond typical lifespans, so a thorough inspection is crucial to budget for any upcoming updates.
3. It sold for $510,000 in 2022 but is assessed at $485,000. Why the difference?
Municipal assessments for taxes often lag behind the current market. The 2022 sale price is a concrete market benchmark, while the assessment is an administrative value. The sale price is generally the more relevant indicator of recent market value.
4. Who would this property NOT be ideal for?
It may not suit buyers seeking a modern, open-concept layout or a turn-key home with all new appliances and systems. Those preferring a brand-new development or a minimalist, low-maintenance property might find the upkeep and potential for renovations less appealing.
5. The value increased from $460,000 in 2017 to $510,000 in 2022. Is that a good sign?
Yes, that represents solid appreciation over a five-year period, significantly outpacing inflation for that time. It demonstrates strong market demand for homes with these characteristics in this location.