Property Overview
This home at 240 Hazel Dell Avenue presents a specific and clear value proposition. Its key characteristic is that it is a notably compact and affordable property within the Rossmere-B neighborhood. Built in 1929, the 562 sqft dwelling sits on a 3,752 sqft lot, with figures for living space, lot size, and tax assessment value all ranking significantly below averages for its street, community, and Winnipeg as a whole. The last recorded sale was between $150,000-$200,000 in mid-2019.
Its appeal lies squarely in its accessibility. It represents one of the lowest-priced entry points into the Winnipeg housing market, particularly for a single-family home. The lower municipal assessment typically translates to more manageable property taxes, a crucial ongoing cost. It would suit first-time buyers or investors seeking a straightforward, low-cost footprint. It could also appeal to those looking to build equity slowly with minimal debt load, or for someone wanting a small, simple home without the upkeep of a larger property. A less obvious perspective is that such a modest, older home on a decent-sized lot in an established area may hold potential for expansion or renovation over time, subject to approvals and budget.
Frequently Asked Questions
1. Why is the home's assessed value so much lower than others on the street?
The assessed value is based on factors like the home's small size (562 sqft), age (1929), and likely its condition and features relative to larger, more updated neighbors. It reflects the city's valuation for tax purposes, not necessarily the market sale price.
2. What should I consider about a home built in 1929?
Prospective buyers should budget for a thorough inspection. While the structure has stood for decades, older systems like wiring, plumbing, and the foundation may need evaluation or updating. This age also means potential for historical charm but also for maintenance consistent with its era.
3. The living space is very small. How does the lot size help?
The 3,752 sqft lot, while below the area average, is substantially larger than the house itself. This provides valuable outdoor space for gardening, storage, or recreation that the interior lacks, and offers a buffer from neighbors that you wouldn't get in a condo or apartment.
4. The data shows a sale in 2019. How can I get the exact sale price?
As noted on the detail page, precise sale price data is restricted by industry associations. The site operator offers to provide accurate historical sale records manually via email upon request, as they cannot be displayed directly on the site.
5. Are the comparable "nearby houses" truly similar?
The listed nearby properties vary. Some are similar in age and assessment value (e.g., 327 Oakview Ave), but others are newer, larger, and assessed much higher. This highlights that 240 Hazel Dell is at the most affordable end of the spectrum in this area, surrounded by a mix of property types and values.