Property Overview & Key Characteristics
This 1,072 sqft bungalow at 266 Hazelwood Avenue in Meadowood presents a solid, value-oriented opportunity. Built in 1976, its key appeal lies in its strong standing within its immediate neighbourhood. The home ranks in the top quarter of its street for living space, lot size (5,301 sqft), and assessed value, suggesting it is a well-placed and above-average property for the area. While its size is more modest compared to the Winnipeg city-wide average, this translates to a focused and manageable footprint.
The home’s strongest characteristic is its relative newness for the street—it’s in the top 3% on Hazelwood Avenue for year built, meaning it’s one of the youngest homes in the row. This can imply potentially fewer major age-related updates in the near term compared to older neighbours. The lot offers generous outdoor space for the area, and the assessed value is consistently above local averages, indicating stable municipal valuation.
This property would suit first-time buyers seeking an entry into a stable neighbourhood without overextending, or practical downsizers looking for a manageable home with a good-sized yard. It’s for a buyer who values a strong position on a specific street over having the largest home in the city, and who appreciates the practical advantages of a newer build within an established community.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,072 sqft, it offers more living space than the average home on Hazelwood Avenue (~1,003 sqft) and is very close to the average for the broader Meadowood area.
2. What does the “Top 3% for Year Built” on its street mean?
This indicates 266 Hazelwood is one of the newest houses on the street. With a 1976 build date, it is newer than 98% of its immediate neighbours, which can be a positive for systems, layout, and component longevity.
3. Is the assessed value a reliable indicator of market price?
Municipal assessed value (currently $392,000) is used for tax purposes and is based on mass appraisal. It’s a useful benchmark showing the home is valued above street and area averages, but the final market price is determined by current buyer demand and the home’s condition.
4. The last sale price shown is a range from 2016. How can I get the exact figure?
The exact historical sold price is not publicly displayed in detail. You can request it directly via the provided email form on the listing page; the service aims to provide the accurate figure manually by the end of the same day.
5. The lot is noted as “above average” for the street but “around average” city-wide. Why is that?
This highlights the context of neighbourhood. A 5,301 sqft lot is larger than most on Hazelwood Avenue, offering great local outdoor space. Compared to all lots in Winnipeg, it’s closer to the median, reflecting the typically larger lot sizes found in newer suburban developments versus established neighbourhoods like Meadowood.