Property Overview
This 1,072 sqft bungalow at 274 Hazelwood Avenue in Meadowood presents a solid, value-conscious opportunity in Winnipeg. Built in 1976, the home sits on a 5,301 sqft lot. The data reveals a property that stands out positively within its immediate street context. It ranks in the top quarter of Hazelwood Avenue for both living space and assessed value, and its year of construction is among the newest on the block. This suggests a well-positioned home relative to its closest neighbours. When zooming out to the broader Meadowood area or city-wide, the home's metrics settle around the average, indicating it is a typical, representative property for the wider market.
Its appeal lies in this strong local standing, offering a sense of relative value and modernity on its specific street. The lot size provides ample outdoor space for a home of this era. It would suit first-time buyers seeking an entry into a stable neighbourhood, or practical investors looking for a straightforward rental property with proven comparables. A thoughtful perspective is that while it may not be exceptional city-wide, its above-average status on its own street could contribute to better long-term stability and appeal compared to neighbouring homes that are older or smaller.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
While average for the larger Meadowood area, this property ranks highly on its own street (Hazelwood Avenue). It is newer than 98% of its direct neighbours, and offers more living space and a higher assessed value than about 75% of them, indicating a strong position in its micro-location.
2. What does the assessed value tell me about the potential sale price?
The assessed value is for municipal tax purposes and is often lower than market value. The last recorded sale in 2022 was between $400k-$450k, which is a more relevant indicator of its market price. The current assessed value of $38,800k should not be mistaken for an expected sale price.
3. Is the living area sufficient for a growing family?
At 1,072 sqft, the living area is typical for a bungalow of this era. It is above average for its street but slightly below the average for the Meadowood neighbourhood. It would be suitable for a small family, a couple, or an individual, but those needing significant space may find it compact.
4. The home is 50 years old. What should I consider?
A 1976 build means major components like the roof, windows, furnace, and plumbing could be at or beyond their typical lifespans. A thorough inspection is crucial. On the positive side, it is one of the newer homes on the block, potentially meaning fewer immediate updates than older neighbours.
5. How can I find out the exact past sale price?
The provided sale price is a public data range. The listing service offers to provide the exact sale price history via email upon request, which they handle manually without using your email for marketing.