Property Overview
This 736 sqft bungalow, built in 1955, sits on a 4,059 sqft lot at 910 Hoka Street in Winnipeg's Victoria West community. Its key characteristic is its position as a more compact and affordable entry point within its surroundings. The home's assessed value for taxes is $291,000, which is notably lower than the average for its street and the city overall, but aligns closely with the average for the wider Victoria West area. This creates a specific value proposition: you are acquiring a home in a established neighbourhood for a price below the typical cost for such a location, albeit in a smaller package with an older build date than many on its block.
Appeal & Ideal Buyer
The primary appeal lies in affordability and location. It represents a chance to own a detached home in a mature neighbourhood without the premium price tag often associated with the area. The lot size, while below average for the street, is still generous by many urban standards and offers clear potential for gardening or outdoor space. This property would best suit first-time buyers or practical downsizers who prioritize getting into the neighbourhood over square footage, and who are comfortable with a home that may require updates. It’s a pragmatic choice for someone who sees the land and location as the core assets and views the house itself as a solid foundation to live in as-is or improve over time.
Frequently Asked Questions
1. What does it mean that the home is "below average" in size and value for its street?
It indicates this is one of the more modest homes on Hoka Street. You are paying less, but also getting less interior space and a slightly older property compared to your immediate neighbours. This can be an advantage for keeping property taxes and maintenance costs relatively lower while still enjoying the same neighbourhood.
2. The assessment is close to the Victoria West average but lower than the street average. Why is that?
Victoria West is a larger, diverse community. This home’s assessment aligns with the community’s broader average, suggesting it is typical for the wider area. The higher street average implies that Hoka Street itself may have larger or more recently updated homes, making this property a more affordable option on that specific block.
3. Is a 1955-built home a concern?
Not inherently, as many homes of this era are solidly built. However, it does mean key systems like plumbing, electrical, and the roof are likely original or aged. A thorough inspection is crucial to understand the condition and anticipate potential future investments in updates or repairs.
4. How usable is a 4,059 sqft lot?
While smaller than others on the street, this is still a substantial urban lot. It provides ample private outdoor space for a family, gardening, or entertaining. Its slightly smaller size can also mean less yard maintenance.
5. Are these rankings a good measure of value?
They are excellent for contextual comparison, showing where this property stands relative to others. The data clearly shows you are trading size and newness for price and location. Value depends on your personal priorities: if location and lot are key, it scores well within the broader community; if sheer size is the goal, it's a compromise.