Property Overview: 20 Hochman Avenue, Dakota Crossing, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home, built in 1996, offers a practical and comfortable living space of 1,227 sqft on a 4,670 sqft lot in the established Dakota Crossing neighbourhood. Its key appeal lies in its balance of a recent, quality build and a renovated basement, providing move-in-ready potential. The attached garage adds everyday convenience.
The property presents a compelling value proposition. While its living and land space are modest compared to immediate neighbours, it stands out city-wide with an above-average assessed value for its price point, suggesting solid underlying value and a desirable location. It’s a home that prioritizes efficient, modernized living over sheer size.
This home would best suit first-time buyers or downsizers seeking a manageable, single-level layout without the upkeep of an older property. It’s also a practical choice for value-conscious buyers who appreciate a home that is newer than the Winnipeg average and has already seen key updates, like the basement renovation.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,227 sqft, the living area is slightly below the average for Hochman Avenue itself, but is very much in line with the broader Dakota Crossing neighbourhood average. The lot size is also smaller than most on the street, but typical for the area overall.
2. What does the "above average" city-wide assessed value indicate?
While the assessed value is typical for Dakota Crossing, it ranks in the top 26% city-wide. This often reflects a combination of factors like the home's younger age (newer than 81% of Winnipeg homes), its condition, and the perceived desirability of its location compared to the broader market.
3. The home sold in 2019 for $380k. How is that relevant today?
The 2019 sale price provides a historical benchmark, showing the price point the home previously commanded in a different market. Current value will be influenced by market conditions, updates made since then, and the assessed value analysis provided.
4. Is a one-storey home with a basement suitable for a family?
The renovated basement significantly increases the usable living space, making it a viable option for a small or young family. The single-storey main living area offers accessibility and easy flow, which can be a major advantage for parents with young children or for planning long-term.
5. What are the less obvious considerations for a home like this?
The data suggests a trade-off: you're acquiring a home that is notably newer and potentially more efficient than much of Winnipeg's housing stock, but with less interior and yard space than some immediate neighbours. The appeal hinges on whether you prioritize modern construction and low-maintenance living over maximum square footage.