Property Overview: 18 Hazel Dell Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a compelling blend of space, value, and location within Winnipeg's Kildonan Drive area. Its primary appeal lies in its generous proportions, both in the 1,361 sqft living area and, more notably, on its 7,383 sqft lot. The lot size is exceptional for the street, ranking in the top 3% of the neighborhood, offering significant outdoor space and potential. A renovated basement and a detached garage add practical value.
The home’s assessed value is notably high for its immediate street, suggesting it is viewed as a premium property in that specific context. It suits buyers looking for a established home with ample yard space in a mature neighborhood—ideal for families, gardeners, or those who value room to expand or enjoy outdoors. It also appeals to value-conscious buyers who appreciate a home that stands out favorably in its local market for its lot size and living space, offering a sense of rarity on the block.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in August 2024 for an estimated range of $50.50k to $53.50k, which is above its $41.90k assessed value. This indicates the market valued it higher than its official assessment at that time.
2. Is the lot size a major advantage?
Yes. The lot is significantly larger than most on Hazel Dell Avenue (top 3%) and above the city average. This is a standout feature for privacy, recreation, or future projects like a garden, shed, or addition.
3. What does the "Elite" ranking for assessed value on the street mean?
It means this home has one of the highest assessed values on Hazel Dell Avenue (ranked 6th out of 219 comparable homes). This often reflects factors like the renovated basement, larger living area, or the premium lot size, but it can also result in proportionately higher property taxes.
4. How does the living space compare to nearby homes?
At 1,361 sqft, the living area is above average for its specific street but is generally on par with the broader Kildonan Drive area and city-wide averages. It offers comfortable space without being unusually large for the neighborhood.
5. The home is older than the city average. Should I be concerned?
The 1949 build date is typical for the street and area. While it may come with maintenance considerations common to homes of that era, its recent sale and renovated basement suggest updates have been made. A thorough inspection is always recommended to understand the condition of major systems.