Property Overview & Appeal
This home at 1587 Hoka Street in Winnipeg's Meadows neighbourhood presents a compelling mix of space, modernity, and value. Its key characteristic is its above-average living area of 1,500 sqft, which ranks in the top 10% for its street and top 30% city-wide, offering more interior space than many comparable homes. Built in 1985, it is notably newer than most houses on its street (top 3%), suggesting potentially fewer immediate concerns with aging infrastructure. The lot size is generous for the Meadows area, and the assessed value is positioned above average for the immediate street.
The appeal lies in this balanced profile: you get a relatively modern home on a decent lot with more interior square footage than the norm for the area, all at an assessed value that is competitive. It would suit practical buyers looking for a move-in-ready home without the premium price of a brand-new build, as well as those who prioritize interior space and a newer construction date over having the largest lot on the block. A thoughtful perspective is that its "newness" within its immediate context could mean less competition from much older, potentially dated homes when it comes to future resale.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for an estimated $400k-$450k in 2022. Its current assessed value is $38,800k. It's important to understand that municipal assessed value for tax purposes is not the same as current market value, which is determined by recent sales of similar homes.
2. What does it mean that the home is "newer" than most on the street?
Built in 1985, this home is significantly newer than the street average (approx. 1965). This can imply updated building materials, electrical systems, and floorplans for its era, possibly reducing the need for near-term major updates common in older homes.
3. Is the living space efficiently laid out?
While the 1,500 sqft is above average, the layout and room sizes are not detailed here. It's advisable to view the floor plan or visit in person to see if the space meets your specific needs for bedrooms, living areas, and storage.
4. How does the lot size compare, and what are the implications?
At 5,609 sqft, the lot is above average for the Meadows neighbourhood but around average city-wide. This typically allows for a decent backyard and side yards, but may not be suited for someone seeking an exceptionally large or private outdoor space.
5. Where can I see more detailed context about the immediate area?
The listing mentions a "neighbourhood analysis page" that maps nearby houses, allowing you to compare year built, lot size, and values of closest neighbours for a clearer picture of the specific micro-location.