Property Overview: 1301 Hoka Street, Winnipeg
Key Characteristics & Appeal
This 1960-built home in the Radisson neighborhood presents a practical and value-oriented opportunity. Its primary appeal lies in a strong lot size—at 6,166 sqft, the property offers above-average outdoor space for its immediate street, neighborhood, and even compared to much of Winnipeg. This is a notable asset for a home of this vintage. With 994 sqft of living area, the interior space is typical for the local area but below the citywide average, suggesting a compact, efficient layout.
The home’s assessed value of $346k sits above the Radisson neighborhood average, indicating it is viewed as a solid property within its specific community. A key piece of context is its recent sale in September 2023, which placed in the top 1% of sale prices for the area at the time, hinting at strong buyer competition or unique features not fully captured by the basic metrics. This property would suit first-time buyers or practical downsizers looking for a manageable home with a generous yard in an established neighborhood. It’s a home that derives its value more from its land and location than from its interior square footage.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a standout feature. At over 6,000 sqft, it is larger than approximately 70% of lots on Hoka Street and 86% of those in the Radisson neighborhood, offering significant potential for gardening, expansion, or outdoor living.
2. The home sold recently in 2023. Why is it likely back on the market?
While the specific reason isn't provided, the 2023 sale price was notably high for the area. This could reflect recent updates that attracted a premium, or it may simply indicate a change in the owner’s circumstances. Reviewing any listing details for changes since 2023 is advisable.
3. Is the assessed value a reliable indicator of the expected sale price?
The assessed value ($346k) is a municipal benchmark for taxation, not a market appraisal. The 2023 sale demonstrates that market value can exceed assessment, especially in active conditions. Current market trends and the home’s condition will be the true determinants.
4. The living area is below the Winnipeg average. Will the house feel small?
At 994 sqft, it is smaller than the typical Winnipeg home. However, it is very close to the Radisson neighborhood average (1,008 sqft). For buyers familiar with homes of this era in this area, the size will feel standard and manageable.
5. What does the "Top 1%" ranking for the 2023 sale price in the area mean?
This statistic means that the price achieved in September 2023 was higher than 99% of other recorded sale prices in Radisson at that time. It signals that buyers then were willing to pay a significant premium for this property, which is an important data point for understanding its market potential.