Property Overview: 165 Woodlawn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Woodlawn Avenue in Minnetonka presents a compelling case for buyers who prioritize space and land over a modern build date. Built in 1947, its primary appeal lies in its generous proportions: at 1,668 sqft, the living area is notably larger than most comparable homes on its street, in the area, and across Winnipeg. This is paired with an even more standout feature—a 9,146 sqft lot, which places it in the top 8% of lot sizes city-wide. This combination offers significant room for both indoor living and outdoor potential.
The appeal here is grounded in value and opportunity. The assessed value is modest relative to the area, suggesting room for equity growth, especially for a buyer willing to update an older home. It suits a practical buyer—perhaps a growing family seeking affordable space, a long-term investor looking for a property with a large, valuable lot, or a hands-on owner who sees the charm and potential in a well-located, character home. It’s a property that trades the convenience of a newer build for the tangible assets of more square footage and land.
Section 2: Frequently Asked Questions
1. Is the older build date (1947) a major concern?
While the home is older than most in Minnetonka, its assessed value and recent sale history reflect this. The key will be a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation, which is typical for any home of this vintage.
2. What does the large lot size mean for me?
A lot of this size (over 9,000 sqft) is a rarity in the city. It offers ample space for gardening, recreation, additions, or future development like a garage or workshop, providing flexibility that smaller lots do not.
3. How does the assessed value compare to recent sale prices?
The home sold in the $350k-$400k range in 2023. The current assessed value is significantly lower, which can be appealing for property tax purposes but doesn't necessarily predict the current market price. It often indicates the municipality's valuation lags behind recent market increases.
4. The home seems larger than others on the street. Is that accurate?
Yes. The data shows this home's living area is in the top 17% on Woodlawn Avenue, meaning it is genuinely larger than most of its immediate neighbors, which is a distinct advantage.
5. What is the neighbourhood like?
Located in Minnetonka, it's a mature neighbourhood with a mix of older and newer homes. The lot sizes vary, but this property holds one of the larger parcels. For detailed insight into the specific street and nearby properties, reviewing the neighbourhood analysis map is recommended.