Property Overview & Key Characteristics
This 1978 bi-level home at 149 Hawkins Crescent in Winnipeg's Meadowood neighbourhood presents a practical and value-conscious opportunity. Its primary appeal lies in its balance of a generous, well-sized lot and a recently renovated basement, contrasting with a modestly sized main living area. The lot is notably large for the street, ranking in the top 5% on Hawkins Crescent and the top 12% within Meadowood, offering ample outdoor space. The renovated basement adds valuable finished living area. However, the 800 sq ft main floor living area is compact, ranking at the very bottom for size on its street. This creates a dynamic of a home with significant outdoor potential and expanded below-ground living space, but with cozier main-level quarters.
The property would suit first-time buyers or downsizers seeking an affordable entry into a mature neighbourhood with room to garden or entertain outdoors. It's also a candidate for value-focused investors or handy buyers who prioritize lot size over interior square footage and see potential in the existing renovation. A less obvious perspective is that the significant disparity between the lot size rank (top 5% on street) and living area rank (bottom on street) highlights a property where the land itself is a primary asset, potentially offering future expansion possibilities or simply a rare amount of private space for the area.
Frequently Asked Questions
1. Is the house itself small?
Yes, the main living area is 800 square feet, which is compact. The home's living space ranks lowest on its own street for size. The recently renovated basement does provide additional finished area.
2. What is the biggest advantage of this property?
The lot size is a significant advantage. At nearly 3,000 sq ft, it is larger than 95% of lots on Hawkins Crescent and 88% of lots in the wider Meadowood neighbourhood, offering substantial outdoor space.
3. How does the assessed value compare?
At $30,300, the assessment is in the top 3% for the street (meaning it's assessed higher than 97% of neighbours) and top 35% for Winnipeg. This suggests the municipal assessment reflects the value of the lot and renovations relative to other properties.
4. What should I consider about the neighbourhood ranking?
The home ranks highly for lot size within Meadowood but lower for the year built. This indicates you're getting a mature property on a desirable parcel of land in an established area, not a newly built home.
5. Are the comparison properties helpful?
The listed comparisons show similar assessed values across Winnipeg, but key details like lot size or renovation condition differ. The "Worth viewing" examples on the same street (261 Wales Ave, 23 Woodford Bay) are useful as they are similar vintage homes in Meadowood, providing a direct neighbourhood benchmark.