Property Overview: 431 Hazel Dell Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1956-built home in Rossmere-B presents a practical entry point into the Winnipeg market. With 962 sqft of living space on a roughly 5,000 sqft lot, its key characteristic is its relative affordability, underscored by an assessed value ($290k) that sits below averages for its street, neighborhood, and the wider city. The home last sold for an estimated $200k–$250k in late 2024.
Its appeal lies in its position as a value-conscious option in an established neighborhood. The home is newer than many on its street and in Rossmere-B, which can suggest updated infrastructure or less immediate need for major repairs compared to older peers. While the living space is compact, the lot size is consistent with the area, offering standard outdoor space.
This property would suit first-time buyers or investors seeking a lower-priced foothold in a stable area. It’s a home for those comfortable with a property that may require personalization, seeing potential where others see a smaller footprint. The below-average assessment for the street could also appeal to a buyer looking for a tax advantage relative to their immediate neighbors.
Section 2: Frequently Asked Questions
1. Why is the assessed value below neighborhood and city averages?
The assessed value is influenced by the home's smaller-than-average living area (962 sqft vs. a city average of 1,342 sqft). While the lot and build year are competitive locally, the overall valuation reflects the compact size.
2. What does the 2024 sale price range indicate?
The estimated sale price of $200k–$250k suggests the property likely sold for significantly below its $290k assessed value at that time. This could have been due to condition, specific market conditions, or a motivated seller, and represents the price a buyer actually paid.
3. How does the build year (1956) compare?
The home is newer than most on its street (ranked #30 out of 219) and in the Rossmere-B neighborhood. This is a positive, often indicating a potentially more modern foundation, wiring, or plumbing compared to homes built in the 1940s or earlier that are common in the area.
4. Who are the typical neighbors in terms of property?
The home is among the smaller properties on Hazel Dell Avenue, where the average living area is 1,118 sqft. You would be among homes with moderately sized lots, with values and sizes that are generally representative of the mature Rossmere-B area.
5. Where can I see more context about this specific location?
A detailed neighborhood analysis map is available, allowing you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size. This provides clearer context than broad averages.