Property Overview: 479 Woodydell Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 479 Woodydell Avenue in Meadowood is defined by its compact efficiency and value-focused positioning. Built in 1972, it sits on a roughly 5,200 sqft lot, which is a standard size for the area. The primary characteristic is its modest 720 sqft living area, which is notably smaller than most homes on its street, in Meadowood, and across Winnipeg. This results in a correspondingly lower assessed value, making it one of the more accessible entry points into the market.
The appeal lies squarely in its affordability and low-maintenance potential. It suits first-time buyers or investors seeking a straightforward property with lower upfront and ongoing tax costs. The lot size offers room for gardening or outdoor space, a relative advantage given the smaller interior. A thoughtful perspective is that this property represents a practical "foot in the door" of homeownership, where the value may be found in the land and location more than the current structure, presenting a clear canvas for future renovation or expansion for the right buyer.
Section 2: Frequently Asked Questions
1. Why is the living area significantly smaller than the neighbourhood average?
This is a compact, likely bungalow-style home built in the early 1970s. Its floor plan is designed for efficiency, placing it among the smallest homes in the Meadowood area, which contributes directly to its lower price point.
2. How does the assessed value compare, and what does it mean for property taxes?
The assessed value is below average for the immediate street and neighbourhood but is around the middle range compared to the entire city. This typically translates to lower-than-average property taxes relative to most homes in Winnipeg, which is a key financial consideration.
3. What is the history of sale prices for this home?
Public records indicate it sold within the $300k-$350k range in both 2017 and 2019. For the exact historical sale prices, you can request the information directly via the provided email service.
4. Is the lot size a redeeming feature?
Yes. While the home is compact, the 5,200 sqft lot is standard for the area and is actually slightly larger than some nearby lots. This provides a good balance of outdoor space without excessive yard maintenance.
5. Who would this property not be well-suited for?
It may not suit buyers requiring substantial indoor living space, multiple bedrooms, or those not interested in a project home. Its appeal is targeted towards those prioritizing budget and location over square footage in its current condition.