Property Overview
This 826 sqft home, built in 1974 on a 3,299 sqft lot at 157 Hendon Avenue, presents a specific and value-oriented proposition in Winnipeg's Vialoux community. Its appeal is rooted in its position as a competitively priced entry point into the single-family home market. The property's assessed value for taxes is notably below the community average, offering a lower ongoing tax burden. While its living space is modest compared to broader area norms, it is typical for its own street, suggesting a comfortable fit within its immediate neighbourhood context.
The home would suit first-time buyers or practical downsizers seeking the autonomy of a detached house without the premium price tag of a larger property. It also appeals to the budget-conscious investor looking for a manageable rental property. A less obvious perspective is its potential for those who prioritize location and land ownership over interior square footage, viewing the lot itself as the primary long-term asset with the existing structure serving immediate needs.
Frequently Asked Questions
1. How does the property's size compare to nearby homes?
The living space (826 sqft) is very close to the average for Hendon Avenue itself but is below the average for the wider Vialoux community and the city. This indicates the home is typical for its specific street but more compact than many houses in the surrounding area.
2. Is the property assessed value low? What does that mean?
The home's assessed value for tax purposes is near the city-wide average but ranks in the bottom 4% for the Vialoux community. This generally suggests a lower annual property tax bill compared to many neighbours, which is a financial advantage for the owner.
3. What does the "built in 1974" ranking mean?
On Hendon Avenue, this is the newest home, ranking in the top 5%. Compared to the wider community and city, its age is very close to the average. This indicates the home is relatively modern for its immediate street.
4. Is the lot size a positive feature?
The lot size is above average for Hendon Avenue but below average for the Vialoux community and the city. This means the yard is generous compared to direct neighbours but may be smaller than what is typical in other parts of the community.
5. Who would this property be best for?
This home is best suited for buyers seeking an affordable, detached house who are comfortable with a efficient living space. It offers a chance to own land and a standalone property at a point of entry that carries a relatively lower property tax burden for the area.