Property Overview: 54 Woodlands Crescent, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1957 on a standard-sized lot in the Kirkfield neighbourhood. With 1,077 sqft of living space, its size is typical for the immediate street and area. The home’s most defining characteristic is its significantly below-average assessed value compared to neighbouring homes on Woodlands Crescent, in Kirkfield, and across Winnipeg. This suggests it may be an older assessment, a home in need of modernization, or simply represents a more accessible price point in the market.
Its primary appeal lies in its value proposition and location. For a buyer comfortable with a project—whether that’s cosmetic updates or more substantial renovations—this property offers a chance to enter a stable neighbourhood at a lower threshold. It suits first-time buyers seeking affordability, practical investors looking for a rental property, or downsizers content with a smaller, single-level footprint who have the means to tailor the home to their needs. A less obvious perspective is that a home with metrics consistently "below average" for its immediate area can represent a unique opportunity to add value through improvements, potentially benefiting from the higher values of surrounding properties.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
This can be due to several factors, including an older assessment that hasn't been recently updated, the home having fewer updates or features than neighbours, or a different classification. It’s a key point to investigate with a real estate professional.
2. What does "one storey" with "basement: no" mean?
It indicates the home is built on a slab or crawlspace foundation, not a full basement. This can mean lower maintenance concerns related to basement moisture but also less storage or utility space.
3. How current is the sold price data shown?
The last recorded sale was in May 2024. The price range is estimated from public data; for the exact sale price, you must request it directly via the provided email service.
4. Is the lot size a positive feature?
At just under 6,000 sqft, the lot is average for the street but smaller than the typical Winnipeg lot. It offers manageable outdoor space with less upkeep, which could be a benefit for some.
5. What are the implications of the home's age?
Built in 1957, the home is older than many in Kirkfield. This typically means potential for character but also a need for a thorough inspection to understand the condition of major systems like wiring, plumbing, and the roof.