Property Overview: 86 Hofsted Drive, Winnipeg

Key Characteristics & Appeal

This 2,318 sqft home, built in 2017, presents a compelling blend of modern living and established value. Its primary appeal lies in its above-average and elite rankings across key metrics when compared to the broader Winnipeg market. The living space is in the top 5% city-wide, offering substantial room in a relatively new build. With an assessed value of $777,000, it sits in the top 3% city-wide, indicating strong official valuation and a premium position. The lot size is generous for the street and slightly above average for the city.

The home is particularly suited for buyers seeking a modern property without the wait or uncertainties of new construction, in a neighborhood of similar contemporary homes. It appeals to those who value data-backed investment, as its size, assessed value, and age consistently rank it well above Winnipeg norms. A thoughtful perspective is that while the home is newer than most in the city, it is actually around the average age for its immediate street, suggesting it fits seamlessly into a settled, modern streetscape rather than being an outlier. The last known sale was between $850,000-$900,000 in August 2021.

Frequently Asked Questions

1. How does this home truly compare to its neighbors?
It ranks above average on its own street for living area, assessed value, and lot size, but is typical in terms of its build year (2017). This indicates a well-sized and valued property on a street of relatively new, comparable homes.

2. The assessed value is $777k, but it sold for higher previously. What does this mean?
The assessed value is for municipal tax purposes and can lag behind market trends. The previous sale price (2021) suggests the market valued it higher at that time. Current market conditions and property updates will determine the present listing or sale price.

3. Is the lot size a pro or a con?
The lot is above average for the street, which is a positive for outdoor space. However, it is smaller than the average lot in the broader Ridgewood South neighborhood. This is typical for newer subdivisions and may mean lower maintenance.

4. How can I get the exact historical sale price?
The site provides sold price ranges publicly. Due to industry rules, exact MLS sale figures are not displayed. You can request the exact sale history via email from the site provider for verified figures.

5. What does the "Top 3%" city-wide ranking for assessed value signify?
This elite ranking means that out of nearly 200,000 comparable homes in Winnipeg, only 3% have a higher assessed value. It strongly indicates a premium property from an official valuation standpoint, often reflecting size, condition, location, and amenities.