62 Hofsted Drive

Property Overview: 62 Hofsted Drive, Winnipeg

Key Characteristics & Appeal

This 2017-built home in Ridgewood South presents a compelling mix of modern comfort and established value. At 1,786 sqft, its living space is above the Winnipeg average, offering ample room in a contemporary layout. The lot size of 6,261 sqft is notably generous for the immediate street, providing above-average outdoor space.

The primary appeal lies in its exceptional standing in terms of value. With an assessed value of $844k, this property ranks in the top 3% of its neighborhood and the top 2% city-wide, indicating a premium, well-regarded asset. It recently sold for between $950,000 and $1,000,000, a price point that confirms its elite market position. While the home is newer than most in Winnipeg, it is slightly older than many in its own subdivision, suggesting a settled streetscape without sacrificing modern construction standards.

This home would suit buyers looking for a move-in ready, modern property in a desirable suburban area, who prioritize a strong value proposition and investment-grade metrics. It’s ideal for those who appreciate space but don’t require the largest home on the block, and who are attracted to a property that stands out significantly in assessed value relative to its peers.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the sale price?
In this case, the recent sale price (between $950k and $1M) came in significantly above the $844k assessed value. This is common for high-demand properties and confirms the home’s market value exceeds its official assessment.

2. How does the lot size compare to the neighborhood?
At 6,261 sqft, the lot is above average for Hofsted Drive. However, the neighborhood (Ridgewood South) average is larger at over 8,300 sqft, meaning this property offers a generous yard for its specific street, but not necessarily the largest in the broader area.

3. The home is newer than most in Winnipeg, but what about its immediate area?
Built in 2017, the home is newer than 95% of Winnipeg homes. On its street and in Ridgewood South, it’s around or slightly below the average build year, meaning you’re in a modern subdivision where this home is part of the established fabric, not an outlier.

4. What does the "Elite" ranking for assessed value actually mean?
It means this home’s official valuation is higher than 97-98% of comparable properties in its neighborhood and city. This typically reflects a combination of location, lot, finishes, and market demand, signaling a premium property.

5. Where can I find the exact sale price?
The exact sale price is not publicly displayed due to data source rules. The site provides a sold price range, but you can request the exact figure via email from the provider, who will manually look it up and send it to you.