Property Overview: 253 Woodbine Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in Riverbend presents a practical opportunity. At 895 sqft, its living space is notably compact, ranking below average for both the street and neighborhood. This characteristic defines its core appeal: it is a more accessible entry point into a well-established area. The assessed value of $334K sits below the local averages on Woodbine Avenue and in Riverbend, suggesting a potentially lower price threshold compared to surrounding homes.
The appeal lies in its efficiency and position. The lot size is roughly average for the neighborhood, offering standard outdoor space. Being newer than most homes on its street and city-wide is a quiet advantage, potentially meaning fewer immediate concerns with aging components. This property would suit first-time buyers, downsizers, or investors seeking a lower-cost foothold in a mature community. It’s for those who prioritize location and value over square footage, viewing the smaller footprint as a trade-off for affordability and manageability.
Section 2: Frequently Asked Questions
1. Is the smaller living area a significant drawback?
It depends on your needs. The home is efficiently sized, which can mean lower utility costs and less maintenance. For a single person, couple, or someone downsizing, it may be sufficient. For a growing family, it would feel cramped compared to larger neighborhood standards.
2. How does the assessed value relate to the likely selling price?
The assessed value is for municipal taxation, not market value. However, the fact it's consistently below local averages indicates this property has historically been valued lower than its neighbors, which often correlates with a more accessible asking price.
3. What are the advantages of it being built in 1985?
On a street where the average home was built in 1977, this house is relatively newer. This can suggest updates to building materials and standards, and possibly that major systems (like roofing or windows) are younger than those in many comparable homes.
4. Why is there no sales history shown?
Public sales records for this specific property may not be readily available in the source database. The exact transaction history and sale prices can be requested directly from the site's team via email.
5. How does this property fit within the Riverbend neighborhood?
It sits on the more modest end of the spectrum for Riverbend in terms of both size and value. It offers the neighborhood's amenities and stability without the premium price tag of its larger, more updated counterparts, representing a practical slice of the community.