Property Summary
Key Characteristics & Buyer Profile
This home at 171 Hendon Avenue presents a practical and value-focused opportunity. Its key appeal lies in its efficient scale and recent construction relative to its immediate street. Built in 1974, it is the newest home on its block, which is a notable advantage for maintenance and systems. With a living area of 792 sq ft, it is significantly more compact than both the neighborhood and city averages, positioning it as an affordable entry point into the Vialoux area. The lot size, while below average for the wider neighborhood, is actually above average for Hendon Avenue itself.
The property’s assessed value of $314k is aligned with the street average and sits below the city average, reinforcing its value proposition. This home would best suit first-time buyers, downsizers, or investors seeking a manageable, low-maintenance property in Winnipeg. Its compact size means lower utility costs and less upkeep, while its newer build date compared to direct neighbors offers relative peace of mind. A thoughtful perspective is that this home allows for living in a neighborhood with higher average home values without the corresponding price tag, though this comes with the trade-off of significantly less interior space.
Frequently Asked Questions
1. Is the living space too small?
At 792 sq ft, the home is compact. It is smaller than 95% of homes on its street and 99% in its neighborhood. It suits a minimalist lifestyle, a single occupant, or a couple, but may feel tight for a growing family.
2. How does the assessed value compare?
The $314k assessment is very close to the street average ($309k) and is actually below the Winnipeg city average ($390k). However, it is well below the Vialoux neighborhood average ($538.6k), highlighting the area's general premium.
3. What does "newest on the street" really mean?
Built in 1974, it is the most recently constructed home among the 22 comparable properties on Hendon Avenue. This suggests potentially fewer immediate major repairs (like roof or furnace) compared to older neighbors.
4. Is the lot size a pro or a con?
It depends on your priorities. At 3,299 sq ft, the lot is larger than most on its street but smaller than typical lots in the broader Vialoux area. This means less yard maintenance than neighborhood norms, but also less private outdoor space.
5. Who would this property not suit?
Buyers needing ample indoor space for a family, working from home, or who desire a large yard would likely find this property limiting. Its appeal is specifically for those prioritizing affordability, newer construction, and a lower-maintenance footprint.