Property Overview: 540 Hazel Dell Avenue, Winnipeg
Key Characteristics & Appeal
This home at 540 Hazel Dell Avenue in the Rossmere-B neighborhood presents a solid, mid-century property with distinct advantages in its local context. Built in 1956, it is newer than many homes on its street and in the wider community. Its primary appeal lies in its generous, above-average lot size of nearly 6,000 sqft, which places it in the top 6% on Hazel Dell Avenue, offering valuable outdoor space and potential. With 1,036 sqft of living area, the house is very close to the average size for both the street and the Rossmere-B area, indicating a practical, family-friendly layout.
The property’s municipal tax assessment of $345,000 is notably higher than the immediate area's averages, suggesting it is viewed as a higher-value home within its specific locale. This combination—a newer-built home on a larger lot with a strong assessed value for the area—creates a compelling profile. It would suit buyers looking for a established neighborhood character, who prioritize lot size over a massive house, and who see value in a property that stands out positively in its direct surroundings. It’s a practical choice for a first-time homeowner or a downsizer seeking a manageable home with room to garden or enjoy outdoor living.
Frequently Asked Questions
1. How does this home’s value compare to nearby recent sales?
Based on available data, a home on this street sold in late 2016 for between $250,000 and $300,000. The current tax assessment of $345,000 reflects market changes and the property's specific attributes. For precise, historical sale prices, direct inquiry with the listing source is required.
2. Is the living space smaller than the Winnipeg average?
Yes, at 1,036 sqft, it is below the city-wide average for comparable homes. However, within its own Rossmere-B neighborhood and on Hazel Dell Avenue, it is very close to the typical size, meaning it aligns well with local expectations and likely feels proportionate to the community.
3. What does a higher tax assessment mean for me?
A higher assessment relative to the street and community average can indicate that the municipality views the property as having above-average value, possibly due to its lot size, condition, or improvements. This typically results in a proportionally higher property tax bill, but it can also be a marker of stronger equity and resale value within the immediate area.
4. The home was built in 1956. What should I consider?
While newer than many neighbors, a 1956 home will still require a thorough inspection of its core systems (plumbing, electrical, roof, foundation). Its era suggests potential for charming original features but also the likelihood of past updates or the need for modernization.
5. How useful are the provided rankings?
The rankings offer insightful, hyper-local context. For instance, knowing the lot size is in the top 6% on the street is more immediately relevant than a city-wide comparison. They help you understand how this property specifically fits into and stands out from its direct surroundings, which is crucial for evaluating its price and appeal.