Property Overview: 82 Hopwood Drive, South Tuxedo
Section 1: Key Characteristics & Appeal
This two-storey home in the established South Tuxedo neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its exceptionally large, private lot—over 13,000 sqft, which places it in the top 6% of properties on its street. The home itself offers generous living space (2,603 sqft) that is well above the Winnipeg average, complemented by practical updates like a renovated basement and desirable amenities including a pool and an attached garage.
The property’s standout feature is its significant and rapid value appreciation, as evidenced by its assessed value and recent sale history. This suggests strong market confidence in the location and the property’s condition. It would suit buyers looking for a family home with ample outdoor space for recreation and entertaining in a prestigious area, without the premium of a brand-new build. It’s also a noteworthy option for those who value a home with clear, quantifiable equity growth relative to its immediate surroundings and the broader city.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 13,290 sqft lot is a major asset, ranking in the top 94% on Hopwood Drive and the top 78% in South Tuxedo. It offers a level of privacy and space that is increasingly rare in mature neighbourhoods.
2. What does the sale history indicate about the property?
The home sold for $167.5k in mid-2021, a significant increase from its $70.5k sale in early 2020. Its current assessed value aligns with that peak, indicating sustained value in a high-performing location.
3. Is the home older, and how does that affect its ranking?
Built in 1986, it is neither the newest nor the oldest on the street. It ranks near the middle for age locally but is newer than about 70% of homes across Winnipeg, suggesting it offers a balance of established character without some of the major maintenance concerns of much older properties.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or who prefer a low-maintenance yard without a pool may find the property less ideal. It is best for those who appreciate and will utilize the substantial lot and recreational amenities.
5. How does its value compare to similar homes nearby?
The assessed value is in the top 10% for the neighbourhood and is notably higher than several referenced properties in Tuxedo with similar or even larger living areas. This premium is likely driven by the combined factors of lot size, updates, and the specific, desirable location within South Tuxedo.