Property Overview: 42 Hollyhock Road, Winnipeg
Key Characteristics & Appeal
This 988 sqft bungalow, built in 1974, sits on a standard 5,496 sqft lot in Meadowood. Its key characteristic is a notable value proposition within its immediate locale. While the living space is modest and below average for the street, the home’s assessed value of $400k ranks at the top of Hollyhock Road and above average for the wider Meadowood area. This suggests the property is viewed favorably relative to its neighbors, potentially due to factors like updates, condition, or lot utility not captured in raw square footage. It last sold in the $350k-$400k range in 2023.
The appeal lies in its position as a competitively valued entry-point into a stable neighborhood. It suits first-time buyers or downsizers seeking a manageable, single-level home without a premium price tag for the specific street. A thoughtful perspective is that this home represents an opportunity to own one of the more valued properties on the block, which could be a solid foundation for future equity, especially if the interior has been well-maintained or modernized since its 1970s construction.
Frequently Asked Questions
1. Is the living area too small?
At 988 sqft, it's a compact bungalow. It's below the average size for its own street but close to the average for the broader Meadowood area. It's best suited for individuals, couples, or small families comfortable with efficient use of space.
2. Why is the assessed value high for the street?
The assessment ranking first among eight homes on Hollyhock Road indicates that municipal evaluators attribute a higher value to this specific property. This is often due to factors like superior condition, renovations, or a more desirable layout compared to neighboring homes of similar size and age.
3. What does the 2023 sale price tell us?
The sale in the $350k-$400k range, close to the current $400k assessment, suggests the market recently validated its value. It provides a concrete, recent benchmark for what a buyer was willing to pay.
4. How does the lot size compare?
At just under 5,500 sqft, the lot is very typical for both the street and Meadowood. It provides standard outdoor space for a home of this era but is not an unusually large or small parcel.
5. Where can I see more context about the neighborhood?
For a detailed visual analysis comparing this property to nearby homes on metrics like year built and lot size, you can open the dedicated neighbourhood map analysis page linked in the full property details.