Property Overview: 45 Woodydell Avenue
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Vista neighborhood. Built in 1973, it is actually newer than many on its own street, suggesting a potentially updated structure compared to immediate neighbors. The 960 sqft living area is manageable and aligns closely with the local street and neighborhood averages, making it a comfortably sized home without excessive upkeep.
Its primary appeal lies in its value positioning. With an assessed value of $356k, it sits below the averages for both its street and neighborhood, offering a more accessible price point within the area. The 5,190 sqft lot, while smaller than others on the block, is near the citywide average and represents a lower-maintenance yard.
This property would suit first-time buyers or downsizers seeking an entry into a stable neighborhood without a premium price tag. It’s for those who prioritize a sensible, no-frills home where the investment is in the location and community rather than in extensive square footage or land. A thoughtful perspective is that its "below average" metrics on the street could mean less property tax burden relative to neighbors, while still providing the benefits of the area.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The assessed value is below the current averages for both Woodydell Avenue and the wider Vista neighborhood, suggesting a competitive entry point. This could provide room for equity growth as you make it your own.
2. How does the lot size impact usability?
At 5,190 sqft, the lot is smaller than others on the street but is close to the citywide average. This translates to less yard maintenance, which can be a benefit for those seeking a simpler outdoor space or with a busy lifestyle.
3. The home was built in 1973. What should I consider?
While newer than many on its street, a home from this era may have original components nearing the end of their service life. A thorough inspection is advised to understand the condition of major systems like plumbing, electrical, and the roof.
4. Who would this property suit best?
It's well-suited for first-time homeowners, practical downsizers, or investors looking for a manageable property in an established neighborhood. It appeals to those who value location and community over having the largest home on the block.
5. How does it compare to the wider Winnipeg market?
Citywide, its living area is below average but its assessed value is very close to the median. This indicates you are paying a fair city price for a solidly sized home, with the potential advantage of being in a specific neighborhood that may hold its value well.