Property Overview: 16 Woodgreen Place, Winnipeg
Key Characteristics & Appeal
This is a well-established two-storey home in the Booth neighbourhood, built in 1967 and situated on a generous 7,194 sqft lot. Its key features include a renovated basement and an attached garage. The property presents a compelling mix of space, location, and value.
Its primary appeal lies in its above-average land size, which ranks within the top third of its immediate street, offering more outdoor space than many nearby homes. The home itself, at 1,570 sqft, provides solid living space that ranks well within the wider city. A significant point of value is the home’s exceptionally low assessed value relative to the neighbourhood, placing it in the top 7%, which may indicate potential for equity growth or a favourable tax position compared to immediate peers. The renovated basement adds modern, functional living space.
This home would suit practical buyers looking for a move-in-ready property with room to grow on a sizable lot, without the premium price tag of newer builds. It’s ideal for those who value established communities, appreciate the character of a mature property, and are savvy about municipal valuation metrics as an indicator of relative value within a sought-after area.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified with the listing agent, a renovated basement in a home of this era often means updated finishes, such as drywall, flooring, and lighting, creating a clean, functional living area, recreation room, or additional bedrooms.
2. How significant is the lot size?
At over 7,000 sqft, the lot is a standout feature, offering ample space for gardening, play, or future additions like a deck or shed—a rarity compared to many newer subdivisions.
3. The assessed value seems low. Is that a concern?
A low assessed value relative to neighbouring homes is not inherently a concern. It can reflect the home’s older age or a conservative municipal assessment, and it often results in proportionally lower property taxes, which is a financial advantage for the owner.
4. What is the Booth neighbourhood like?
Booth is a mature, centrally located neighbourhood in Winnipeg. It typically features tree-lined streets, a mix of mid-century homes, and convenient access to local amenities, schools, and major routes.
5. Why did it sell for less than the assessed value in 2017?
The 2017 sale price can be influenced by many factors, including market conditions at that time, the property's state before any renovations, and specific terms of the sale. It does not directly predict current market value.