Property Overview: 1627 Hoka Street, Winnipeg
Key Characteristics & Appeal
This 1984-built home in the Meadows neighbourhood presents a practical opportunity centered on its land. The 1,010 sqft living space is modest, ranking below the area average, suggesting a cozy, efficient layout rather than expansiveness. The true standout is the 6,185 sqft lot, which is notably larger than most in both the immediate street and the wider Meadows area. This creates valuable outdoor space for gardening, recreation, or future expansion.
Its appeal lies in its position as a grounded, value-conscious option. The assessed value is consistently around the median across comparison levels, indicating a stable, non-speculative valuation. A sale in the $350k-$400k range in 2023 aligns with this profile. The home suits first-time buyers seeking an entry point with room to grow, downsizers looking for a manageable home with generous outdoor space, or practical investors interested in a property with fundamental strengths (lot size, average condition for its age) without premium pricing for high-end finishes.
A less obvious perspective is that a newer build date (1984) on a street with an average year built of 1965 can mean relatively modern infrastructure. However, buyers should balance this with the understanding that a 40-year-old home will likely require proactive maintenance and updates to major systems.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key feature. At 6,185 sqft, it is larger than approximately 81% of lots in the Meadows area and 74% of lots on Hoka Street itself, offering more private outdoor space than is typical.
2. Is the living area smaller than average?
Yes. The 1,010 sqft of living area is below the average for both the Meadows neighbourhood and Winnipeg overall. This indicates a efficiently designed or compact layout, which may appeal to those seeking lower utility costs and less upkeep.
3. What does the assessed value tell us?
The $36,100 assessed value is consistently around the middle of the pack—neither exceptionally high nor low—when compared to the street, neighbourhood, and city. This suggests the property is viewed by assessors as a standard, average-valued home for its context, not an outlier.
4. The home sold recently in 2023. What does that price indicate?
The reported sale price range of $350k-$400k placed it above average for Hoka Street (top 18%) and around average for the wider area and city. This indicates the market recently valued it favorably on its immediate street, likely reflecting its desirable lot size and relatively newer construction.
5. Are there any potential concerns with the home's age?
Built in 1984, the home is newer than many on its street. While this can be an advantage, any 40-year-old property will have components nearing the end of their service life. A thorough inspection is recommended to assess the condition of the roof, windows, plumbing, and electrical systems.