Property Overview & Key Characteristics
This home at 254 Hazelwood Avenue in Meadowood presents a compelling opportunity rooted in its strong relative value within its immediate community. Built in 1976, the house is notably newer than most on its street, ranking in the top 3%. With 1,229 sqft of living space, it offers more room than the majority of homes in both the neighbourhood and on Hazelwood Avenue itself, placing it in the top 10-24% locally. The lot size of 5,301 sqft is also above average for the street.
The appeal lies in its position as a well-sized, modern (for the area) home on a desirable lot, all underscored by a relatively high assessed value for its specific location. This suggests a property that has been maintained or updated in ways that are recognized in the market. It would particularly suit value-conscious buyers looking for a home that stands out positively within an established neighbourhood, offering more space and a newer build than many direct comparables, without the premium of a city-wide search.
A thoughtful perspective is that this home represents a "big fish in a small pond." Its metrics are strongest when compared to its immediate neighbours, indicating it's a premium property on its block. This can offer a sense of pride and solid investment within the micro-community, even if its city-wide rankings are average.
Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home was sold between $350k-$400k in 2019. Its current assessed value is $41,900. It's important to note that municipal assessed value for tax purposes is often different from current market value and the prior sale price.
2. Is the living space considered large for the area?
Yes. With 1,229 sqft, this home is larger than approximately 90% of homes on Hazelwood Avenue and about 76% of homes in the broader Meadowood area, making it a spacious option locally.
3. What does it mean that the home is "newer" than others on the street?
Built in 1976, it ranks as the 2nd newest of 70 homes on Hazelwood Avenue. This can imply potentially fewer major age-related repairs (like roofing or foundational wear) compared to older neighbours, and possibly updates that align with more modern layouts.
4. Can I see how this property compares to its neighbours on a map?
Yes. The listing provides a link to a neighbourhood analysis page that maps nearby houses and allows for detailed comparison of year built, living area, assessed value, and lot size.
5. How can I find out the exact historical sold price?
The exact sold price is not publicly displayed. The listing service offers to provide it manually via email upon request, stating they aim to reply by the end of the same day without using the contact for unsolicited marketing.