Property Overview
This home at 754 Hoskin Avenue in Winnipeg's Munroe East neighbourhood presents a specific value proposition centered on its land and location. Built in 1958, the 816 sqft house is notably compact, ranking below average in living space for its street, area, and the wider city. However, it sits on a generous 5,496 sqft lot that is well above average for the immediate area. The assessed value is consistent with local norms. The appeal here lies less in the size of the home and more in the potential of the property. It suits a practical buyer looking for an entry point into the neighbourhood, someone comfortable with a smaller footprint or planning a future renovation or expansion. It could also appeal to an investor or buyer who prioritizes outdoor space and sees value in the lot size relative to the price.
Frequently Asked Questions
1. Is the house in need of major updates?
Given its age (68 years), buyers should budget for updates. While the data doesn't specify condition, a home from this era likely has older major systems, like plumbing, electrical, or roofing, that may require attention or modernization.
2. Why is the assessed value so much lower than the city-wide average home value?
The city-wide average assessed value of $390k includes many larger, newer homes. This property's assessment (~$30k) is for the land and building for tax purposes and is not a market price. It is in line with similar-sized, older homes in its own area, which average around $29k-$30k.
3. What are the advantages of such a large lot for a smaller home?
The above-average lot size offers valuable outdoor space for gardening, recreation, or storage. It also provides a rare commodity: future potential. This could allow for additions, a garage, or landscaping features that a standard-sized lot couldn't accommodate.
4. How does the living area compare to nearby homes?
The living area is compact. On its own street, it ranks in the bottom 13% for size. This indicates most neighbours' homes are larger, so this property may be one of the smaller, more affordable options on the block.
5. Can I find out what this house previously sold for?
The public listing shows no sales history. However, you can request the exact sold price history by email from the service, which manually compiles this data from non-public sources.