Property Overview & Key Characteristics

161 Hillmartin Drive is a spacious two-storey home in Winnipeg's Richmond West neighbourhood, built in 1987. Its primary appeal lies in its generous proportions and established setting. The home sits on a large 6,448 sqft lot, which is notably bigger than most on its street and in the wider area, offering ample outdoor space. With 1,762 sqft of living area, it also provides more interior room than many comparable homes. A key feature is its renovated basement, adding valuable finished space.

The property would suit buyers looking for a roomy family home in a mature neighbourhood without the premium price of a newer build. Its strong rankings for lot and living area size suggest it's a "larger-than-average" offering for its locale. The recent sale in mid-2023 provides clear, current market context for value assessment. It's a practical choice for those prioritizing space and land over a modern build date or a garage.

Frequently Asked Questions

How does the age of the home (1987) affect its value?
While not a new build, the home's age is actually newer than 95% of houses on its street and is around the neighbourhood average. This suggests it's in a well-established area where this vintage is standard, potentially simplifying maintenance with common, known building materials and styles for the period.

What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key point for clarification, as it could range from basic finishing to include additional bedrooms, a legal suite, or dedicated recreational space.

There's no garage; how does parking work?
The property has no garage. Buyers should anticipate driveway and street parking. The very large lot, however, may present an opportunity for future addition of a parking pad or structure, subject to local bylaws.

The home sold recently in June 2023; why is it back on the market?
This isn't uncommon and isn't inherently a concern. The previous sale establishes a clear, recent market price. The reason for the quick turnaround could be as simple as a change in the owner's circumstances, and it provides a transparent data point for valuation.

How does the assessed value compare to the likely asking/sale price?
The assessed value is a municipal figure for tax purposes and is often lower than market value. The home's last sold price in 2023 is a much stronger indicator of its current market worth, though the final price will be determined by present market conditions.