Property Overview: 323 Woodbine Avenue, Winnipeg
Key Characteristics & Appeal
This 831 sqft home, built in 1957 on a 4,997 sqft lot in Riverbend, presents a clear value-oriented profile. Its appeal lies in its relative affordability within a desirable neighborhood. The assessed value of $307k is notably below the local area average, positioning it as an accessible entry point into Riverbend. While the living space is compact compared to most homes on the street and in the neighborhood, this translates to lower utility costs and less maintenance. The lot size is consistent with area norms, offering standard outdoor space.
The property would suit first-time buyers or downsizers seeking a foothold in a well-established community without a premium price tag. It’s a practical choice for those who prioritize location and lot over square footage, and who may see potential in a vintage home. A thoughtful perspective is that its 1957 build date makes it older than 99% of the neighborhood, which could appeal to buyers interested in classic character or a renovation project, set among mostly newer homes.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 831 sqft, the living area is below the average for both Woodbine Avenue (1,108 sqft) and the wider Riverbend neighborhood (1,288 sqft).
2. How does its assessed value compare?
The $307k assessment is below the street and neighborhood averages, but aligns closely with the Winnipeg city-wide average. This suggests it is priced accessibly for the specific area.
3. What is the history of sales for this property?
It last sold between July 2021 for a price estimated in the $300k-$350k range. Exact sale prices require a manual lookup request through the site.
4. How does the lot size compare?
The 4,997 sqft lot is around average for both the street and the Riverbend neighborhood.
5. The home is older than most in Riverbend. What should I consider?
Built in 1957, it is among the oldest 1% of homes in the neighborhood. This warrants a close look at the condition of major aging components like the roof, plumbing, and electrical systems, but also may offer architectural details not found in newer builds.