Property Overview: 31 Woodlawn Avenue, Winnipeg
Key Characteristics & Appeal
This home stands out for its generous proportions, both in the house and on the lot. With nearly 2,000 square feet of living space, it ranks within the top 15% of homes in its immediate neighborhood and citywide, offering more room than most comparable properties. The appeal is further enhanced by a large, private lot of over 8,700 square feet, which is notably above the citywide average, providing ample outdoor space.
Built in 1975, the home is newer than many on its street, potentially suggesting fewer concerns with the aging components common in older Winnipeg houses. The assessed value is consistently above average across all comparison levels, indicating official recognition of its relative worth.
This property would best suit buyers looking for a established home with room to grow or spread out, who value a sizable yard for gardening, recreation, or privacy. It’s a practical choice for those seeking a home that already outperforms neighborhood norms in key metrics like size and lot, without being the newest or most extravagant offering on the market.
Frequently Asked Questions
1. How does this home’s size compare to nearby properties?
It is significantly larger than most. With 1,999 sqft, it ranks in the top 8% on its own street and the top 11% citywide when compared to similar homes.
2. What does the assessed value ranking mean?
An assessed value in the top 8% on its street and top 18% citywide suggests the municipal property assessment views it as a higher-value home in its peer group, which can be a stable indicator of its baseline market position.
3. Is the 1975 build date a positive?
In this context, likely yes. On a street where the average comparable home was built around 1952, this house is over two decades newer, which may mean updates to major systems have already been addressed or that original components have more serviceable life.
4. How stable has the home’s value been?
Based on past sales, it appears to have appreciated. The 2021 sale price range placed it in a higher percentile ranking locally than its 2016 sale, indicating its value growth has kept pace with or exceeded the area.
5. What is the immediate neighborhood like?
The data shows a street of varied home ages and sizes, but this specific property holds above-average rankings for living area, lot size, and assessed value among its closest neighbors, suggesting it is one of the more substantial homes on the block.