Property Overview: 263 Hazelwood Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Meadowood home presents a solid, above-average offering within its immediate neighborhood. Built in 1976, it is notably newer than most homes on Hazelwood Avenue, which suggests potentially fewer age-related issues compared to its direct peers. With 1,072 sqft of living space and a 5,300 sqft lot, the property provides practical, family-friendly dimensions. Its assessed value ranks consistently above average for the street and area, indicating a perception of good value relative to nearby properties.
The appeal lies in its strong positional value. It’s a home that outperforms many of its closest neighbors in key metrics like year built and assessed value, offering a sense of relative modernity and stability on its block. This makes it an intelligent choice for pragmatic buyers—perhaps first-time homeowners or small families—who prioritize a move-in ready foundation in an established community over a flashy renovation project. It suits someone looking for a home that is a step above the immediate local average without the premium of a brand-new subdivision.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it stands out positively on its own street. It's in the top 23% for living area and top 20% for assessed value among 70 homes on Hazelwood Avenue, and it's one of the newest homes built there (top 3%). Compared to the wider Meadowood area and city, it sits more in the average range, indicating you're getting a strong property for that specific locale.
2. What might the assessed value indicate?
An assessed value that ranks above average for the street and area often reflects a combination of the home's condition, lot, and improvements relative to its neighbors. It can signal a well-maintained property, but it's essential to verify this with a current inspection.
3. The home sold between 2021-2025. What does that recent sale history mean?
A sale in the last few years suggests a modern transaction history, which can provide a clearer, more relevant price benchmark than homes that haven't changed hands in decades. It also may indicate that major systems have been in regular use and maintained to contemporary standards.
4. Is the lot size a pro or a con?
At 5,300 sqft, the lot is very typical for the street and Meadowood. It offers ample backyard space for gardening or play without the extensive maintenance of a much larger lot. It represents the standard expectation for the neighborhood rather than an outlier.
5. Who might this home not suit?
Buyers seeking a large, expansive floor plan (it's below the city average for living area) or a brand-new, custom-built home may find it too compact or dated. It's best for those who see value in an established, stable neighborhood where the property itself is a strong contender among its immediate peers.