47 Woodgreen Place

Property Overview: 47 Woodgreen Place

Key Characteristics & Appeal

This two-storey home in Winnipeg's Booth neighbourhood is a property of notable size and established character. Built in 1967, its primary appeal lies in its generous proportions, both in its 2,150 sqft living area and its expansive 7,199 sqft lot, which ranks well above average for its street and the wider city. The home features an attached garage and a renovated basement, adding functional living space. While its assessed value is modest relative to its size, its last sold price in 2017 suggests significant market appreciation potential.

Its appeal is multifaceted: it offers substantial space for a growing family or those who value room to spread out, situated on a large, private lot. The renovated basement adds immediate modern utility. The property data indicates it is a "larger-than-average" home in a neighbourhood of similarly sized lots, offering a sense of established community without feeling cramped. It would particularly suit value-conscious buyers looking for a footprint that's increasingly rare in newer developments—buyers willing to take on a home of its era for the payoff of space and land. A less obvious perspective is its potential for an investor or homeowner who sees value in the disconnect between its current assessed value and its physical attributes, viewing it as a solid asset in a stable neighbourhood.

Frequently Asked Questions

1. How does the lot size compare to typical properties today?
At 7,199 sqft, the lot is significantly larger than the average for newer subdivisions. It offers ample outdoor space for gardening, recreation, or future expansion, which is a key differentiator.

2. The home was built in 1967. What should I consider?
While the basement has been renovated, the main structure is from 1967. Prospective buyers should budget for potential updates to major aging components like the roof, windows, or original plumbing and electrical systems, which is common for homes of this vintage.

3. The assessed value seems low compared to the home's size. Why?
Municipal assessed value for tax purposes often lags behind market value and doesn't always directly correlate with square footage or recent renovations. The last sold price in 2017 and current market conditions will be more relevant for determining its present worth.

4. What does the ranking data (e.g., "Top 83% in same street") actually tell me?
These rankings compare this specific attribute (like living area) against all other homes on its street, in the neighbourhood, and in Winnipeg. For example, "Top 83% in same street for living area" means its interior space is larger than 83% of homes on Woodgreen Place, highlighting its above-average size in a direct, local context.

5. Is the renovated basement a legal suite?
The provided information states the basement is "renovated" but does not specify if it is a legal, rentable suite. This is a crucial detail to verify with the listing agent and the city, as it impacts value, utility, and legal obligations.