Property Summary: 141 Woodlawn Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. Built in 1947, the 768 sqft house is notably compact compared to area averages, placing it in the bottom 5-7% for living space locally. This suggests a cozy, efficient footprint that may require updates. However, its true standout feature is the 10,530 sqft land area, which ranks in the top 5% city-wide and top 15% in the Minnetonka area. This creates a significant contrast: a modest home on a much larger-than-average parcel.
The appeal lies in this land potential. The assessed value is modest and around average for its immediate street, indicating a lower property tax burden relative to the city. This combination suits specific buyers: those looking for an affordable entry into the market who value outdoor space over interior square footage, or visionaries who see the long-term potential for expansion, gardening, or outdoor living. It’s less suited for those needing ample, modern living space immediately without renovation.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
The home was built in 1947, reflecting post-war housing styles and family needs of that era. Many neighboring properties have been expanded or rebuilt larger over time, making this original footprint less common today.
2. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 95% of all residential properties in Winnipeg. On its street and in Minnetonka, it's also in the top 12-15%, confirming the large lot is a consistent, hyper-local advantage.
3. The assessed value seems low. Does that reflect the home's condition?
Assessed value is for municipal taxation and considers factors like age, size, and local sales. The low assessment relative to the city average is closely tied to the small living area. It doesn't specifically detail condition, but the age and size suggest buyers should budget for potential updates.
4. How can I find out the exact price it last sold for?
The public data shows a sale between $350k-$400k in 2021. The exact sale price is not publicly listed, but the site offers to provide it manually via email request at no cost, with a promise of no marketing spam.
5. Is this a good candidate for building an addition or a new home?
The lot size certainly provides the physical space for such projects. Any buyer should first consult with the city's zoning and planning department to understand lot coverage rules, heritage designations (if any), and permit requirements, as the home is in an established neighborhood.