Property Overview
This well-situated single-family home at 3 Hochman Avenue in Winnipeg's Dakota Crossing neighbourhood presents a practical opportunity. Built in 1994, it's a one-storey layout with 1,322 sqft of living space, an attached garage, and a renovated basement. Its standout feature is the generous 6,816 sqft lot, which is notably larger than most in the immediate area and across the city. The home’s assessed value positions it above average for the street and citywide, suggesting solid underlying value.
The appeal here lies in a balance of space and manageability. The renovated basement adds functional living area, while the single-level design offers ease of living. The true asset is the expansive yard, providing rare potential for gardening, recreation, or future expansion in a mature neighbourhood. It would suit first-time buyers seeking a home with a substantial outdoor space, downsizers looking for a manageable layout without sacrificing yard size, or value-oriented buyers who see potential in the large lot and updated basement.
Frequently Asked Questions
How does the lot size compare to others?
The property’s land area of 6,816 sqft is a significant advantage. It ranks in the top 7% on its own street and the top 19% citywide, meaning you get considerably more outdoor space than most comparable homes.
Is the home older than others in the area?
Yes. Built in 1994, it is slightly older than the average home on Hochman Avenue. However, it is newer than the typical Winnipeg home citywide, indicating a good balance between established infrastructure and a more recent build date.
What does the ‘above average’ assessed value indicate?
The assessed value is above the average for both the street and the entire city. This typically reflects the combination of the large lot and the renovated basement, suggesting the property is valued more highly than many peers by the municipal assessment.
How has the property’s value changed?
Public sale records show a significant increase in sale price between 2016 and 2021. This historical trend points to strong appreciation in the past, though past performance is not a guarantee of future results.
What is the neighbourhood context for living space?
With 1,322 sqft, the living area is very close to the citywide average and fairly typical for the Dakota Crossing area. It offers a comfortable footprint that is supplemented by the additional renovated basement space.