Property Overview
226 Hazelton Drive is a modern, one-storey home built in 2022, situated in Winnipeg's North Inkster Industrial area. It sits on a 2,502 sqft lot and features 1,133 sqft of living space, a renovated basement, and a detached garage.
Key Characteristics & Appeal
This property’s primary appeal lies in its balance of new construction benefits and practical utility. As a home only four years old, it offers contemporary building standards, modern systems, and minimal immediate maintenance worries. The renovated basement adds valuable finished space, increasing its functional footprint beyond the main floor living area.
Its strength is in its solid positioning within a specific market. The home ranks in the top tier of its immediate street and neighbourhood for lot size and newness, suggesting it's a comparatively substantial and modern property within this area. The significant jump in its sold price from 2022 to 2024 indicates strong recent value appreciation. This combination makes it particularly suited to first-time buyers or investors seeking a turnkey, low-maintenance property in a practical, no-frills location. It’s a pragmatic choice for those who prioritize modern essentials and recent capital growth over established neighbourhood character or proximity to central amenities.
Frequently Asked Questions
1. What does the "North Inkster Industrial" neighbourhood mean for daily living?
This typically indicates a mixed-use area with both residential and light industrial/commercial properties. Residents should expect practical, affordable housing with the potential for more traffic from local businesses and different streetscape aesthetics compared to purely residential suburbs.
2. The assessed value is significantly lower than the last sale price. Why?
Municipal assessed value for tax purposes often lags behind the current market. The recent sale price is generally a more accurate reflection of the home's present market value, as it represents what a buyer was willing to pay.
3. How does the living area compare to nearby homes?
At 1,133 sqft, the living area is above average for the neighbourhood (top 5%) but slightly below average for its specific street. This suggests the home makes efficient use of its space and that the street may have a mix of larger and smaller homes.
4. What is indicated by the large price increase between 2022 and 2024?
The increase from $35.3k to $50.9k suggests substantial market appreciation for the property, potentially due to the completion of the basement renovation, overall market trends, or the simple transition from a brand-new build to a lightly used, modern home.
5. Who might this property not suit?
It may not suit buyers seeking a traditional, tree-lined residential neighbourhood or those sensitive to potential noise or activity from nearby industrial uses. The focus here is on modern, practical living rather than established community ambiance.