Property Overview

This home at 186 Hazelwood Crescent presents a solid, middle-of-the-road offering in Winnipeg's Vista neighborhood. Built in 1972, its 946 sqft living space is comfortably sized for its street but sits below the area average, suggesting a more efficient or cozier layout. The lot size of 5,196 sqft is similarly configured—slightly smaller than immediate neighbors but aligned with the city-wide median. Its key appeal lies in its balance and predictability. The property tax assessment value of approximately $381,000 is consistently "close to average" at every comparison level—street, community, and city—indicating a stable, market-aligned valuation without unexpected premium or discount pressures.

This profile suits practical buyers looking for an established home in a mature neighborhood without extreme outliers. It’s ideal for those who prioritize fairness in ongoing costs like property taxes and who appreciate a home that doesn’t require extensive updates for its age. A less obvious perspective is that its consistent "average" rankings across metrics could mean less volatility in value, appealing to cautious investors or homeowners seeking a predictable asset. It may also attract downsizers or first-time buyers who want a manageable space and yard without the upkeep of larger, above-average lots.

Frequently Asked Questions

1. What does it mean that the living area is "below average" for the community but "close to average" for the street?
It means the home’s size is typical for Hazelwood Crescent itself, but the wider Vista neighborhood has many larger homes. You’re getting a standard-sized home for this specific street, which can be an advantage if you prefer a cozier layout and potentially lower utility costs.

2. The build year is 1972. Should I be concerned about major systems needing replacement?
The home’s age is typical for the area. While the core structure is over 50 years old, key components like the roof, furnace, or windows have likely been updated over time. A thorough inspection is crucial to determine the current state of these major systems, rather than relying on the build date alone.

3. How should I interpret the consistent "close to average" tax assessment value?
This is generally positive. It suggests the city’s assessment aligns with the broader market, so you’re less likely to face a sudden, disproportionate tax increase compared to neighbors. It indicates the property is not over-assessed, providing cost predictability.

4. The lot size is smaller than the community average. How much of a drawback is this?
The lot is about 12% smaller than the Vista community average but is very close to the city-wide median. For many buyers, this size is still generous for a family yard, gardening, or outdoor space, while requiring less maintenance. It’s a trade-off that often appeals to those seeking easier upkeep.

5. The rankings show the home is in the top 39% for assessed value on its street. Does that mean it's overpriced?
Not necessarily. Being in a higher percentile for value on the street could reflect a better condition, more updates, or a slightly more desirable location on the crescent compared to immediate neighbors. It’s a sign to investigate what specific features might be contributing to that slightly higher valuation.