74 Hughes Crescent

Property Overview

74 Hughes Crescent is a modern, well-sized family home in Winnipeg's South Pointe West neighbourhood. Built in 2022, it offers the appeal of a nearly new build with minimal maintenance concerns. The home features 1,580 sqft of living space, an attached garage, and a full, undeveloped basement on a standard 4,599 sqft lot. Its appeal lies in its balance of contemporary construction and established community feel. The data suggests it sits comfortably above average for its age and size within the immediate area, yet its assessed value remains moderate compared to recent sale prices, indicating potential perceived value.

This property would suit first-time buyers or young families looking for a move-in ready home without the immediate need for renovations. It also appeals to those who value modern building standards and energy efficiency. A less obvious angle is its suitability for buyers who prioritize a blank slate; the unfinished basement presents a clear opportunity for future customization and added value, rather than paying a premium for someone else’s finished layout.

Frequently Asked Questions

1. How does this home compare to others on the street?
The home ranks in the top half of Hughes Crescent for lot size and is notably newer than about 85% of the homes on the street. Its living area is slightly above the street median, positioning it as a modern, average-to-larger home in this specific location.

2. What does the significant difference between the last sale price and the assessed value indicate?
The home sold for $620k in mid-2022, which was among the top prices on the street at that time. The current assessed value is considerably lower, which is typical as municipal assessments often lag behind market sale prices. This discrepancy highlights the importance of current market evaluation rather than relying solely on the assessment for pricing.

3. Is the neighbourhood established or still developing?
South Pointe West appears to be a mixed-age area. With this home built in 2022 alongside others from the early 2020s and likely older properties, it offers a community that is not entirely brand-new but still features modern pockets, providing a blend of settled greenery and contemporary homes.

4. What are the implications of an unfinished basement?
The unfinished basement is a key feature, not a drawback. It offers significant storage and future living space without the cost or design constraints of a prior renovation. Buyers should budget for development costs but will appreciate the flexibility to create exactly what they need.

5. How does the property rank for investment or resale potential?
Its newer construction is a strong asset, ranking in the top 2% for age in Winnipeg, which suggests longer-term durability and lower immediate repair costs. While its last sale was strong, its current assessed value ranking is moderate, which could present an opportunity if the market value aligns closer to the assessment rather than the peak 2022 sale price.