Property Overview: 64 Woodlawn Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 64 Woodlawn Avenue in the Minnetonka neighborhood presents a compelling case based on its space and value metrics. Built in 1973, its key characteristic is its generous 1,895 sqft of living area, which ranks in the top 9% of homes on its own street and well above averages for the area and city. This suggests a home that offers more interior space than most comparable properties. The lot size of 6,619 sqft is solidly average for the immediate area but ranks above average city-wide, providing good outdoor space.
The appeal lies in this combination of above-average interior square footage coupled with an assessed value that is competitive and manageable relative to its size, ranking above average on the street and city-wide. It’s a property that prioritizes living space over a premium lot size. The sale history indicates stable value in the $400k-$450k range over the past decade.
This home would suit practical buyers looking for room to grow without overextending financially, such as families or those who work from home and need dedicated space. It’s also a sensible option for value-conscious buyers who see the merit in a home that offers more interior space than its peers on the block, even if it isn't the newest or on the largest lot.
Frequently Asked Questions
1. How does this home’s size really compare to others?
The living area is a standout feature. At 1,895 sqft, it is significantly larger than the average home on Woodlawn Avenue (~1,336 sqft) and in the wider city (~1,342 sqft), placing it in the top 14-19% for space.
2. What does the assessed value tell me about the property taxes?
The assessed value is $44,300. This is above the street average but around the average for the Minnetonka area. You can use this figure with the City of Winnipeg's mill rate to estimate annual property taxes.
3. Is a 1973-built home likely to need major updates?
Being over 50 years old, key systems like roofing, plumbing, windows, and the furnace may be nearing or past their typical lifespan. A thorough inspection is advised to budget for any necessary updates or maintenance.
4. The lot seems average for the street. Is that a drawback?
The lot is typical for Woodlawn Avenue. The trade-off is that the home itself uses more of that land to provide greater interior space. If a huge yard is a priority, this may not be the best fit, but the lot is still a good size by general city standards.
5. How stable has the home’s value been?
Public records show it sold in the $400,000-$450,000 range in both 2016 and 2019. This consistency suggests a stable market value for the property over that period, without wild fluctuations.