Property Overview: 315 Woodbine Avenue, Winnipeg
Key Characteristics & Appeal
This 1958-built home in Riverbend presents a distinct value proposition centered on its generous 7,496 sqft lot, which is significantly larger than most properties on its street and in the wider neighborhood. With 970 sqft of living space, the house itself is more compact and older than many area comparables, placing it below average for size and modernity within Riverbend. However, its assessed value of $399k sits above the street average, suggesting the substantial lot size is a key driver of its worth.
The primary appeal lies in the land itself. This property suits a buyer who prioritizes outdoor space, potential for expansion, or future redevelopment over move-in-ready size or contemporary finishes. It’s a practical choice for those comfortable with the character and potential maintenance of an older home, seeing it as a foundation to build upon—literally or figuratively. The offering is balanced: you trade interior square footage for a notably larger, rarer parcel of land in a well-established area.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($399k) is for municipal tax purposes and is a starting point for market valuation. It reflects the property’s above-average lot value. The final sale price will be determined by current market conditions, the home’s interior condition, and buyer demand for lots of this size.
2. How does the smaller, older house affect insurance and renovation potential?
An older home (built in 1958) may have outdated electrical, plumbing, or insulation. This can influence insurance premiums and the scope/cost of any renovations. The large lot does offer clear potential for additions, but any major structural work must account for the existing foundation and building codes.
3. The last sold price (2019) is shown as a range. How can I get the exact figure?
The public data shows a sold price range between $300k-$350k for June 2019. For verified, exact historical sale figures, you must request a manual lookup from the site provider via email, as they do not display MLS data directly.
4. What does the "below average" ranking for living area practically mean for daily life?
With 970 sqft, the living space is functionally smaller than most homes in Riverbend. This typically means fewer or smaller rooms, limited storage, and a need for efficient space planning. It may be ideal for a smaller household or someone willing to trade interior space for the large yard.
5. Are the property taxes likely to be high given the assessed value?
Property taxes are calculated using the assessed value and the city’s mill rate. While the assessment is above average for the street, you should research the specific annual tax amount for this address, as the total can vary. The larger lot contributes to this assessment.