Property Overview & Key Characteristics

This 944 sqft bungalow at 242 Hazelwood Avenue in Winnipeg's Meadowood neighbourhood presents a practical, grounded opportunity. Built in 1976, its key appeal lies in its above-average lot size for the immediate street—over 5,300 sqft—offering more outdoor space than many nearby homes. The living area is compact and efficient, ranking below the city-wide average, which suggests a focus on essential living spaces rather than expansiveness.

The home’s assessed value is consistently average across all comparison levels, indicating a stable and predictable valuation in its market context. A notable point is that, for its street, it is one of the newer homes built (ranking in the top 3%), which may imply relatively newer major components compared to immediate neighbours. The property last sold between 2016 and 2025 for an estimated $250k-$300k.

This home would suit first-time buyers or downsizers looking for a manageable footprint with a generous yard in a mature neighbourhood. Its straightforward valuation and average metrics suggest it’s a typical entry-point property for the area, not an outlier, appealing to those seeking a straightforward purchase without unexpected premium costs or dramatic fixer-upper challenges.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The 5,301 sqft lot is above average for Hazelwood Avenue itself (ranking in the top 20% on the street), offering more private outdoor space than most direct neighbours. Compared to the broader Meadowood area and city-wide, the lot size is around the median.

2. Is the home older or newer than others in the area?
Built in 1976, this home is actually one of the newer houses on Hazelwood Avenue, ranking in the top 3% for year built on its street. In the broader Meadowood neighbourhood and across Winnipeg, its build date is around the average.

3. What does the assessed value tell me about the property?
The assessed value of $37,600 is consistently around the median—neither high nor low—when compared to the street, the Meadowood area, and city-wide. This indicates the property is viewed as a typical, average-value home for its category, not an undervalued project or an over-improved luxury home.

4. How can I find out the exact past sale price?
The listed sale price is a public data range. The exact, precise sale price from the last transaction is available by request via email from the listing service. They provide this detail manually and state they do not use contact information for unsolicited marketing.

5. The living area seems smaller than averages mentioned. How significant is this?
At 944 sqft, the living area is below the averages for both the Meadowood area and Winnipeg overall. This confirms the home is a more compact bungalow. For buyers, this means lower utility costs and less maintenance, but it also requires efficient use of space and may not suit those needing multiple large rooms.