Property Overview
This one-and-a-half storey home on Hazel Dell Avenue in Winnipeg's Kildonan Drive area presents a practical and updated living space. Its key appeal lies in being a well-positioned, move-in-ready property within a mature neighbourhood. The home features 1,258 sqft of living space, which is notably above average for its immediate street, and includes a renovated basement and a detached garage. Built in 1949, it sits on a standard 5,063 sqft lot. The assessed value of $33.70k places it above average for the street, suggesting a solid foundation of value within its most direct peer group.
This home would suit first-time buyers or downsizers looking for a manageable, updated property without the premium of a brand-new build. Its above-average size for the street offers a relative sense of space, while the renovated basement adds functional living area. A thoughtful perspective is that this property represents a "middle ground" – it's not the largest or newest on the block, but its updates and in-street ranking for size and value indicate a home that has been maintained and sits comfortably above the neighbourhood baseline, offering a balance of character and modern convenience.
Frequently Asked Questions
What does the "above average" ranking for living area on the street actually mean?
It means that compared to 219 similar homes on Hazel Dell Avenue, this home's living space (1,258 sqft) is larger than about 79% of them. The average living area for homes on this street is only about 1,118 sqft, so this property offers more interior space than most of its direct neighbours.
Is the assessed value the same as the market value or selling price?
No. The assessed value ($33.70k) is for municipal tax purposes. The recent sold price history shows it last transacted between $31.50k and $34.50k in late 2021. Market value is determined by current conditions, but the assessed value provides a benchmark for comparing the property's municipal valuation to others in the area.
What are the implications of the home being built in 1949?
While the home is of average age for its neighbourhood, being 77 years old means prospective buyers should ensure inspections cover older home essentials: the condition of the foundation, plumbing, electrical systems, and the roof. The renovated basement is a positive update, but the core structure is from that era.
How does the lot size compare?
At just over 5,000 sqft, the lot is typical for Hazel Dell Avenue but is smaller than the average lot in the broader Kildonan Drive area and city-wide. This suggests a more traditional, closer-knit street layout with less yard space than you might find in some other suburban parts of Winnipeg.
The data shows the assessed value is "around average" city-wide but "above average" for the street. Why is that?
This highlights the importance of context. City-wide averages include a huge variety of property types, ages, and neighbourhoods. On its own street, which is a more direct comparison, this home's assessed value ranks in the top 24%, indicating it is likely viewed as a higher-quality asset within its specific, established neighbourhood compared to the broader, more mixed city market.