Property Overview: 246 Hazelwood Avenue, Meadowood, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 246 Hazelwood Avenue presents a solid, value-oriented opportunity in Winnipeg's Meadowood neighbourhood. Built in 1976, its key appeal lies in its strong relative position within its immediate area. The house is notably newer than most on its street (ranking in the top 3%), offering potential advantages in terms of building materials and systems. With 1,072 sqft of living space and a 5,301 sqft lot, it provides above-average room for both the home and yard compared to its direct neighbours.

The property’s assessed value is consistently average across all comparison levels, suggesting it is fairly priced within the current market framework without being overleveraged. This stability can be appealing for buyers seeking a straightforward entry into homeownership without the premium often attached to newer subdivisions. The lot size is a particular strength, offering ample outdoor space that is becoming less common in many city areas.

This home would best suit first-time buyers, downsizers looking for a manageable property without a condo fee, or practical investors seeking a stable rental property. Its appeal is grounded in being a competent, no-frills property in an established area, where its metrics indicate you are getting more house and a newer build relative to the immediate vicinity, which isn't always apparent from city-wide data alone.

Section 2: Frequently Asked Questions

1. How does the 1976 build year compare, and why does it matter?
While 1976 is not a new build, this home is among the newest on Hazelwood Avenue (top 3%). This can mean updated construction standards compared to older neighbours and potentially less immediate need for major foundational or structural updates.

2. The assessed value seems low compared to the city-wide average. Is this a concern?
No, this is typical. Assessed value for tax purposes is not market value. The key takeaway is that this home's assessment is consistent (around the 50th percentile) at the street, neighbourhood, and city level, indicating it is not an outlier and property taxes should be predictable for the area.

3. What does the lot size offer practically?
At over 5,300 sqft, the lot is larger than most on the street. This provides generous outdoor space for gardening, recreation, or future additions like a shed or deck, which can be a significant value-add in established neighbourhoods.

4. The last sale was between 2016-2025 for an estimated $300k-$350k. How is that useful?
This gives a historical benchmark, showing the property has changed hands in the modern market era. For an exact sale price and date to inform your offer, you can request the information via email from the listing service.

5. How does this home fit within Meadowood and Winnipeg overall?
The data shows this is a home that punches above its weight on its own street but sits comfortably in the middle of the pack for the broader Meadowood area and city. This suggests a good balance—you gain relative advantages in your immediate micro-neighbourhood without paying a premium associated with top-tier city-wide rankings.