Property Overview: 250 Hazelwood Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This 816 sqft bungalow, built in 1976, presents a specific and practical opportunity in Winnipeg's Meadowood neighbourhood. Its key appeal lies in its efficiency and lot potential. The home itself is notably compact, ranking in the bottom 10% for living area both on its street and within the broader city, making it one of the smaller available options. This is balanced by a reasonably sized 5,301 sqft lot that is above average for Hazelwood Avenue.
The financial profile is straightforward. With a modest assessed value of $35,700, it sits below the average for its immediate street but aligns with the typical value for the Meadowood area. It last sold between $350k-$400k in 2023. A less obvious point of appeal is its relative newness for the street—built in 1976, it is the second-newest home among 70 on Hazelwood, which may suggest updated core systems compared to neighbours.
This property would best suit a first-time buyer or downsizer seeking an affordable entry into the Winnipeg market with a manageable footprint and a yard for gardening or pets. It’s also a potential candidate for a long-term holder who values low property taxes due to the assessed value, or for an investor considering future expansion or redevelopment, given the lot size relative to the house.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($35,700) is for municipal tax purposes. The market value is what a buyer would pay, which is likely significantly higher, as indicated by its 2023 sale in the $350k-$400k range.
2. How does the small living area impact livability?
At 816 sqft, the home is efficient but compact. It will suit those comfortable with a simpler, lower-maintenance layout. The ample lot size provides valuable outdoor space to compensate.
3. What does it mean that this is one of the newest homes on the street?
While still 50 years old, being newer than most neighbours (ranked 2nd of 70) can be an advantage. It often indicates potentially younger major components like plumbing, electrical, or roofing compared to older homes on the street, though a full inspection is essential.
4. Why is the city-wide average assessed value so much higher ($390k)?
The city-wide average includes all types of homes across all neighbourhoods. This property’s assessed value is in line with its specific area (Meadowood), highlighting it as a more affordable option within the broader Winnipeg market.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. You can request the exact sale price by emailing the listing service via the "Get exact sold price history" button; they provide this detail manually without marketing spam.