Property Overview

This home at 525 Hudson Street in Winnipeg's Maybank neighborhood presents a solid, mid-century property with a notably generous lot. Built in 1959, its 1,032 sqft living space is comfortably average for the immediate street and area, but its true standout feature is the 6,943 sqft land parcel. This lot size ranks well above average for both the wider city and the Maybank area, offering significant outdoor space that is less common in many urban settings. The assessed value is consistent with similar homes locally, and it last sold between $350k-$400k in 2021.

Key Characteristics & Appeal

The primary appeal of this property lies in its balance of a standard-sized home on a much larger-than-standard lot. It suits a buyer who values private outdoor space for gardening, recreation, or future expansion more than a large interior footprint. The home itself is a typical post-war build, likely appealing to those comfortable with a property of that era who see potential in the land itself. It’s a practical choice for a household seeking room to breathe and possibly customize outdoors, without venturing into a rural or acreage setting. A less obvious perspective is that this lot size, in a mature neighborhood, may offer long-term value not fully captured by the current assessment, appealing to strategic buyers thinking about land scarcity in established city areas.

Frequently Asked Questions

1. Is the large lot usable, or is it an odd shape?
While the listing confirms the size, it’s always wise to view the property or check the lot survey to understand its exact dimensions and topography to assess its usability for your plans.

2. What does the "above average" ranking for lot size in Maybank mean practically?
It means that compared to most other properties in the Maybank neighborhood, this home sits on a larger parcel of land. This could translate to more privacy, distance from neighbors, and space for additions like a shed, deck, or garden.

3. The home was built in 1959. What should I consider?
Homes from this era may have original systems like plumbing, electrical, or insulation that could require updating or inspection. However, they are also often built with straightforward layouts and durable materials.

4. How does the 2021 sale price relate to today's value?
The $350k-$400k range from 2021 is a historical data point. Current market conditions, any updates made since then, and broader economic factors will determine its present value. It serves as a reference, not a current appraisal.

5. The living area is ranked "below average" citywide. Is the house small?
At just over 1,000 sqft, it is modest compared to the Winnipeg city average of about 1,342 sqft for comparable homes. It is a manageable size for smaller households or those prioritizing lot size over interior square footage.