Property Overview: 1610 Hoka Street, Winnipeg
Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1984, sits on a generous 5,663 sqft lot in the Meadows neighbourhood. Its primary appeal lies in its strong relative value within its immediate area. While the living space is modest and typical for the street, the property stands out for its above-average assessed value for Hoka Street (ranking in the top 20%) and its newer construction relative to neighbouring homes (top 11% on the street). The lot size is also notably larger than many in the wider Meadows area.
This home would suit a practical buyer looking for a solid foothold in a stable neighbourhood. It’s ideal for a first-time homeowner, a downsizer, or an investor seeking a property with a value proposition that is stronger on its specific street than in broader comparisons. The data suggests a well-maintained or updated home for its age, offering more modern fundamentals than many of its direct peers.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in the $300k-$350k range in 2019. While not a direct valuation today, it provides a historical benchmark. Its assessed value of $38,700 is a municipal figure for tax purposes and is typically much lower than market value.
2. What does the "above average" year built really mean for a 1984 home?
On Hoka Street, where many homes are older (averaging a 1965 build year), a 1984 construction is relatively newer. This can imply potentially newer major systems, like plumbing and electrical, compared to neighbouring houses, which is a less obvious but valuable advantage.
3. Is the living area sufficient for a growing family?
At 1,040 sqft, the living area is functional but compact. It ranks around average for the street and area. It would suit a small family, a couple, or a single individual comfortably, but those needing more space may find it limiting.
4. How does the lot size benefit the owner?
The lot is over 5,600 sqft, which is larger than the Meadows area average. This offers valuable outdoor space for gardening, recreation, or future expansion like a shed or deck, providing a sense of privacy and room that can be rare in city lots.
5. Why are there discrepancies between street, area, and city-wide rankings?
The rankings show the property’s position in different comparison pools. For example, its assessed value is strong on its own street but average in the broader area. This highlights the importance of hyper-local context; a key strength of this home is how it compares directly to its closest neighbours.