Property Overview: 198 Hazelton Drive, Winnipeg

Key Characteristics & Appeal

This is a modern, low-maintenance home built in 2022, offering a move-in-ready condition that stands out in its context. With 1,520 sqft of living space, it provides above-average roominess compared to the typical Winnipeg home, yet it sits on a compact, efficiently designed lot of 2,505 sqft. Its assessed value of $410k is consistently around the average for its immediate street, the broader North Inkster Industrial area, and the city as a whole, suggesting a stable, market-aligned valuation.

The primary appeal lies in its new construction and modern efficiencies within an established, no-surprises price bracket. It suits buyers seeking a contemporary home without the premium often attached to newer builds in newer subdivisions. The compact lot means less yard work—a plus for busy professionals or those wanting to minimize exterior upkeep—while the interior space is generous. A thoughtful perspective is that this property represents a practical trade-off: you gain a modern building envelope with likely better energy efficiency and fewer immediate repair concerns, but you sacrifice the larger outdoor space typical of older city lots. It’s an ideal fit for first-time buyers looking for a modern home, downsizers wanting single-level living without dated fixtures, or investors attracted by a newer asset with lower anticipated maintenance costs.

Frequently Asked Questions

1. How does the lot size impact daily living?
While the land area is smaller than most in the city, the home itself is spaciously designed. This means lower maintenance and landscaping costs, but outdoor privacy and space for large gardens or expansions may be limited.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes. Notably, it aligns closely with averages on its street and across Winnipeg, suggesting it’s not an outlier. However, market conditions and specific home features will ultimately determine the sale price.

3. What are the implications of the home being in the "North Inkster Industrial" area?
This designation typically indicates a mixed-use neighbourhood. Buyers should consider the proximity to industrial amenities, which can mean convenient access to services and major routes, but also potential for more commercial traffic compared to purely residential zones.

4. Given it was last sold in 2022, what can we infer?
The sale occurred near the peak of a hot market. A buyer today would benefit from a modern home that has seen only a few years of use, but should conduct due diligence to understand why the current owner is selling after a relatively short period.

5. How does the living area compare to nearby homes?
The home is larger than most on its street (top 41%) and significantly larger than the Winnipeg average. This indicates you get more interior space here than in many comparable city properties, which is a key advantage offsetting the smaller lot.