Property Overview: 51 Hillbrook Drive, Winnipeg
Key Characteristics & Appeal
This is a modern, single-family home built in 2017, offering the advantages of a relatively new construction in Winnipeg. Its primary appeal lies in a compelling value proposition: while its 1,492 sqft living area and 3,969 sqft lot are modest compared to some immediate neighbours, this translates into a city-wide assessed value ($512k) that ranks within the top 18% of all Winnipeg homes. Essentially, you get a newer home with a strong overall valuation for the city, situated on a low-maintenance yard.
The home suits practical buyers seeking modern systems and minimal immediate repair concerns, who prioritize interior space over expansive outdoor land. It’s a fit for small families, professionals, or downsizers looking for a turnkey property in the North Inkster Industrial area. A thoughtful perspective is that while it feels "below average" on its own street for size and lot, it represents a more efficient, contemporary footprint that holds its value exceptionally well when viewed across the entire city market.
Frequently Asked Questions
1. Is this a good value for the money?
The data suggests a strong city-wide value. The home’s assessed value is significantly above the Winnipeg average, yet it’s below the average for its own street. This position could represent an opportunity to own a newer home in the area at a relative value point.
2. What are the drawbacks of the lot size?
At just under 4,000 sqft, the lot is smaller than many in Winnipeg and on Hillbrook Drive. This means less private outdoor space for gardening, play, or expansion. However, it also requires less maintenance and landscaping effort.
3. How does the recent sale history inform the price?
It last sold in May 2022 for an estimated $500k-$550k. With a current assessed value of $512k, this indicates market stability. The previous sale in 2017 was around $300k-$350k, showing significant appreciation in its first five years.
4. What does "Elite" ranking for Year Built mean?
Built in 2017, it’s newer than 95% of homes city-wide and is one of the newest on its street. This suggests modern building standards, materials, and systems, likely leading to lower maintenance costs and better energy efficiency compared to Winnipeg's older housing stock.
5. Who are the most relevant comparable properties?
The most direct comparisons are other newer homes in North Inkster Industrial, like those on Castlebury Meadows Drive, which have similar build years, sizes, and assessed values. This neighbourhood provides the clearest benchmark for market value.