Property Overview: 169 Hazel Dell Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on a 5,071 sqft lot presents a straightforward opportunity in Winnipeg's Kildonan Drive area. Its key characteristic is its position as a value-oriented entry point. The living area (828 sqft) is modest and below local averages, and the home, built in 1924, is among the older in its immediate vicinity. The assessed value is notably low compared to city-wide benchmarks. The appeal lies not in the home's current condition—it has an unrenovated basement and a detached garage—but in its underlying assets: a lot size that is above average for its street and a very low property tax base due to its assessment. This is a property for a practical buyer, such as a first-time purchaser comfortable with a project, an investor looking for a land-value play with a holding rental, or someone seeking the lowest possible entry into homeownership with space to gradually improve or expand. Its suitability is for those who prioritize lot potential and low carrying costs over move-in-ready finishes or square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessment primarily reflects the home's age, modest size, and condition (including the unrenovated basement). It is more in line with values on its specific street and in the immediate area, indicating a localized market.
2. What does the "below average" ranking for living area mean for me?
It confirms the home is smaller than most in Winnipeg. This translates to lower utility costs and less upkeep, but also means space is limited. Future expansion may be possible, given the lot size.
3. The home is 100 years old. What should I be most concerned about?
While systems like roofing, plumbing, and wiring may have been updated over time, a thorough inspection is essential. The unrenovated basement should be checked for foundational integrity, moisture, and insulation.
4. How useful is the detached garage, and what is its likely condition?
It provides valuable storage or workshop space. Given the home's age, the garage is likely also older and may require maintenance or upgrades to be suitable for modern vehicles or as a finished space.
5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is available upon request from the listing service. You can provide your email to receive it; they commit to sending it manually without using your address for unsolicited marketing.