Property Overview: 174 Hazelwood Crescent
Key Characteristics & Appeal
This 1972-built bungalow at 174 Hazelwood Crescent presents a practical and affordable entry point into the Winnipeg market. With 864 sqft of living space on a 5,196 sqft lot, the home is notably compact compared to most on its street and in the Vista neighborhood. This smaller scale is directly reflected in its assessed value of $350k, which sits below local averages but aligns more closely with the citywide median.
The primary appeal lies in its value proposition and manageability. It suits first-time buyers seeking lower upfront and ongoing costs, or downsizers looking to reduce maintenance and space without leaving the city. The lot size, while below the street average, is still generous for its footprint, offering outdoor potential. A thoughtful perspective is that homes of this vintage and size often have simpler layouts and systems, which can mean lower renovation complexity and cost for cosmetic updates. Its citywide rankings are consistently around average, suggesting it represents a solid, no-frills core housing stock for Winnipeg.
Frequently Asked Questions
1. Is this a "below average" property?
While its living area and value rank below the averages for its specific street and neighborhood, its rankings citywide are around the median. This indicates it's a more typical Winnipeg home, positioned in an area where many surrounding properties are larger and higher in value.
2. Who would this home suit best?
It's an ideal fit for budget-conscious first-time buyers or empty-nesters looking to downsize. The smaller space and lot mean lower property taxes, utility costs, and maintenance effort, which is a key advantage for those prioritizing financial efficiency over square footage.
3. What does the lot size mean for potential expansion?
At just over 5,000 sqft, the lot is smaller than others on the street but may still allow for additions like a garage, shed, or deck, subject to zoning bylaws. The existing smaller home footprint leaves a reasonable amount of usable yard space.
4. How does the 1972 build year affect the home?
Built in the early 1970s, the home likely contains materials and systems (electrical, plumbing) from that era. A pre-purchase inspection is essential to understand the condition and potential need for updates, which is common for homes of this age.
5. Why is the assessed value notably lower than the neighborhood average?
The assessed value is closely tied to the home's relatively small living area and its position within its immediate market. It reflects a valuation for a modest, no-frills property in an area where comparable homes are often larger, not necessarily a comment on its condition.