Property Overview: 136 Hazelwood Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a specific value proposition centered on affordability and lot potential within a mature Winnipeg neighborhood. Its key characteristic is a below-average living space (835 sqft) for the area, housed in a 1967-built structure. The appeal lies not in size or newness, but in its financial accessibility. The property tax assessment is notably below the street average and aligns closely with broader area and city averages, suggesting a relatively lower ongoing tax burden. The lot size, while below the local average, is still a generous 5,194 sqft, offering valuable outdoor space.

This property would best suit practical, budget-conscious buyers. It's ideal for first-time homeowners willing to trade interior square footage for a foothold in the market, or for downsizers seeking a manageable home with a sizable yard without a premium price tag. It may also appeal to investors or handy buyers who see potential in the lot or a home that, due to its age and smaller size, could be a candidate for strategic renovation or expansion over time. The data suggests you are paying primarily for the land and location within Vista, with the existing house offering functional shelter.

Section 2: Frequently Asked Questions

1. Is the house too small compared to the neighborhood?
Yes, the living area is significantly smaller (about 15-20%) than typical homes on this street and in the Vista community. This is the primary reason for its competitive pricing and lower tax assessment.

2. What does the 1967 build year mean for me?
As one of the older homes on the street, it likely requires a diligent inspection for aging components like roof, windows, plumbing, and electrical systems. Budgeting for maintenance and updates should be a key part of your planning.

3. The tax assessment is lower than the street average. Is that good?
It indicates a potentially lower annual property tax bill compared to neighbors, which is a positive for ongoing costs. However, it also reflects the municipality's valuation of the property, which is influenced by the smaller, older dwelling.

4. How should I interpret the lot size being "below average" but still over 5,000 sqft?
While it's not the largest lot on the block, 5,194 sqft is still a substantial piece of land by many standards. The "below average" ranking simply means many lots in the area are even larger. You still have significant outdoor space for gardens, play, or additions.

5. Who might this property not be suitable for?
It may not suit buyers who prioritize modern, open-concept layouts or who need substantial move-in-ready space for a growing family. Those unwilling to take on potential renovation projects or who desire a home at or above the neighborhood standard for size and condition should consider this carefully.