Property Overview: 66 Woodford Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 66 Woodford Bay in Meadowood is a study in contrasts, presenting a specific value proposition. Built in 1973, its key characteristic is a compact 733 sqft living area, which is notably smaller than most homes on its street, in Meadowood, and across Winnipeg. However, it sits on a reasonably sized 5,504 sqft lot that is fairly typical for the area.
The primary appeal lies in its efficiency and potential. The significantly below-average square footage suggests a lower price point, making it an accessible entry into homeownership. The lot size offers room for outdoor living or future expansion, a valuable asset the home itself doesn't currently utilize. Its assessed value is consistently around the median for its immediate surroundings, indicating it's priced in line with the local market rather than being an outlier.
This property would best suit a first-time buyer, downsizer, or investor looking for a lower-maintenance, cost-effective footprint. It’s for someone who prioritizes land potential and location over immediate interior space. A thoughtful buyer might see the smaller house as a blank slate—a chance to build equity through a thoughtful renovation or addition that better matches the lot's capacity, transforming its "below average" size into a customized asset.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $37,400) is for municipal tax purposes. The market value (what a buyer would pay) is determined by recent sales, condition, and demand. The last recorded sale was between $250k-$300k in 2016.
2. Why is the living area ranked so low compared to other homes?
At 733 sqft, the interior is simply smaller than most. On this street, 30 of 34 comparable homes have more living space, with an average of about 949 sqft. This indicates a more modest or efficient floor plan.
3. What does the "Elite" ranking for Year Built mean?
On Woodford Bay, this home is ranked 1st out of 34 for being newer, as it was built in 1973. This means it is the newest or among the very newest homes on that specific street, which can be positive for systems and structure relative to its immediate neighbors.
4. How can I find out the exact past sale price?
The site provides sold price ranges based on public data. For the precise figure, you must request it via email from the provider, as they manually verify and disclose that information.
5. What are the realistic possibilities for expanding the home?
With a lot size over 5,500 sqft that is average for the area, there is physical space to consider an addition. Any expansion would depend on Winnipeg zoning bylaws, setback requirements, and the condition of the existing foundation and structure. This potential is a key factor for buyers viewing the current small size as an opportunity.