Property Summary: 177 Woodlawn Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous 9,756 sqft lot, which is significantly larger than most properties on its street, in the Minnetonka area, and across Winnipeg. This is the property's standout feature, offering ample outdoor space for gardening, recreation, or future expansion. The house itself is a modest 768 sqft bungalow built in 1947, with a living area well below local averages. Its assessed value is relatively low and around average for its immediate street, suggesting a lower property tax burden.
The primary appeal lies in the land itself. It suits buyers looking for an affordable entry into homeownership with a focus on outdoor potential rather than immediate move-in size. It’s a candidate for a long-term hold, appealing to an investor or a handy owner who might consider a future renovation or addition to capitalize on the large lot. The price history indicates steady market growth, reflecting the enduring value of the location and lot size.
Section 2: Frequently Asked Questions
1. Is the house in livable condition?
The listing provides data on size, age, and value, but not on interior condition. A 1947 home of this size will likely require a thorough inspection to assess the state of its major systems, insulation, and potential need for updates.
2. Why is the assessed value so much lower than recent sale prices?
Municipal assessed value for taxation purposes often lags behind current market values and uses a different valuation method. The sale price is determined by what buyers are currently willing to pay, especially for a desirable lot.
3. What can I do with such a large lot?
Beyond a large yard, the lot size may allow for additions like a garage, workshop, or home expansion (subject to zoning and permit approvals). It also offers more privacy and space than typically found in newer subdivisions.
4. How does the small living area compare to nearby homes?
The data shows this home is notably smaller than most. On Woodlawn Avenue, it ranks in the bottom 5% for living area. Buyers should be comfortable with a compact footprint or have a plan to modify it.
5. What is the neighbourhood like?
The property is on a street with homes primarily built in the mid-20th century. The close proximity of similarly valued homes on nearby streets, like those in Varsity View, suggests it's in an established, stable area. Reviewing the neighbourhood analysis map (linked in the full details) is recommended for deeper insight.