Property Overview
222 Hazelton Drive is a modern, compact home built in 2022, situated in Winnipeg's North Inkster Industrial area. The property presents a specific value proposition defined by its new construction and efficient footprint, set against a neighbourhood context of larger, older homes.
Key Characteristics & Appeal
The primary appeal of this property lies in its newness and relative value. Built just four years ago, it is one of the newest homes on its street and in the wider city, offering move-in readiness with modern building standards and systems. With a living area of 1,133 sq ft, the home is notably compact—smaller than most in its immediate area but close to the city-wide average. This efficient layout may appeal to those seeking lower utility and maintenance costs without sacrificing modern amenities.
Its assessed value of approximately $422k is above average for Hazelton Drive, suggesting it is a higher-tier property on its specific street. However, this value is around the average when compared to the broader North Inkster Industrial area and city-wide. This creates an interesting dynamic: you are acquiring a premium property on its block, but at a price point that is competitive within the larger market. The lot size is compact at 2,503 sq ft, which is a consistent trend across all comparison levels, indicating a low-maintenance yard.
This home would best suit first-time buyers, downsizers, or investors looking for a modern, "lock-and-leave" property. It’s ideal for those who prioritize new construction and predictable costs over expansive indoor and outdoor space. A thoughtful perspective is that this property represents a strategic entry into homeownership with newer infrastructure, potentially offsetting the smaller size with lower immediate repair costs and energy efficiency.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value is used for calculating property taxes and is determined by the municipal government. While it can be a useful benchmark, the market value (what a buyer is willing to pay) can be higher or lower based on current market conditions, the home's condition, and specific features.
2. What does the "North Inkster Industrial" neighbourhood name imply?
This designation typically indicates a mixed-use area that may include light industrial, commercial, and residential properties. Buyers should be aware that the surroundings might feature business traffic and non-residential buildings, which can influence ambiance and noise levels compared to purely residential subdivisions.
3. The home is smaller than most on the street. Will this affect resale?
It can create a unique positioning. While some buyers may seek larger spaces, the home's modern build and efficient layout will appeal to a specific segment. Its above-average assessed value for the street suggests it's already viewed as a premium offering in its direct vicinity, which can be a positive.
4. Are there any known issues with homes built in 2022?
Being nearly new, major structural issues are unlikely. However, it's still prudent to conduct a standard home inspection to identify any potential deficiencies in construction finish, appliance installation, or settling that may have occurred in the first few years.
5. How can I verify the past sale price mentioned?
The site notes that exact sold price data is not displayed publicly due to industry rules. You can request the exact sale history by emailing the site administrators directly for a manual lookup, as indicated in the property data notes.