Property Overview
217 Woodydell Avenue presents a solid, grounded opportunity in the Winnipeg market. Its primary appeal lies not in standout size or modern finishes, but in offering a well-balanced package centered on a generous lot. The home itself is unassuming, with a living area (946 sq ft) that is modest compared to its street, neighborhood, and city averages. Built in 1972, it is typical for its area. The assessed value of $375k is consistently "around average" at every comparison level, suggesting a fair and stable market price.
The defining characteristic is the land. At 8,430 sq ft, the lot size is elite for its street (top 4%) and above average for both the Vista neighborhood and citywide. This creates a clear value proposition: you are acquiring a larger-than-usual outdoor space with a home that meets basic needs. It suits a practical buyer—perhaps a first-time homeowner, a small family, or an investor—who prioritizes yard space for gardening, recreation, or future expansion over a large interior. It’s a property for someone who sees potential in the land itself, understanding that the home’s average metrics provide a affordable entry point to a substantial plot.
Frequently Asked Questions
1. Is the price fair for a home of this size?
Yes, the assessed value is consistently around the average for comparable homes on the street, in the neighborhood, and across Winnipeg. The price reflects the home's modest living area but includes the premium of a significantly larger lot.
2. What is the main advantage of this property?
The lot size. At over 8,400 sq ft, the yard is much larger than those of most neighbors and typical Winnipeg homes. This is the key feature that distinguishes it from other similarly priced and sized homes.
3. Would this be a good investment?
The property appears stable, with values in line with its surroundings. The large lot could offer more long-term appreciation potential or flexibility (like adding a garage or extension) than a home on a standard lot, depending on local zoning.
4. Is the house outdated?
Built in 1972, it is average for its area. Buyers should expect a home of that era and budget for potential updates to systems, windows, or interior finishes, which is typical for the price point.
5. How does it compare to other homes on the street?
The home is slightly smaller than the street average (1,007 sq ft) but sits on a lot that is notably larger than the street average (5,858 sq ft). Its value and age are very typical for Woodydell Avenue.