Property Overview: 5-28 Woodrow Place
Key Characteristics & Buyer Profile
This 1914-built home offers 928 square feet of living space, placing it slightly above the average for both its street and neighbourhood. On Woodrow Place, it ranks 7th out of 15 homes (top 47%), while in the broader Wolseley area, it comes in 52nd out of 139 (top 37%). The property’s assessed value for tax purposes is $31,000—close to the street average but significantly below the neighbourhood average of $146,000 and the citywide average of $256,000. This low valuation is the standout feature, suggesting a property that may be undervalued relative to its area.
The appeal here is twofold. First, the home offers decent interior space without being oversized—a practical size for someone who wants room to move but doesn’t want to maintain a large house. Second, the low property tax assessment is unusual for Wolseley and could translate into ongoing cost savings for the owner. That said, the home is among the older in the city (ranked in the bottom 4% citywide for age), so it likely requires more upkeep than a newer build.
This property suits a buyer who values character, location, and lower holding costs over turnkey convenience. It’s a natural fit for someone willing to invest in renovations or improvements over time, particularly if they see potential to add value. It may be less ideal for first-time buyers looking for something move-in ready or investors seeking a low-maintenance asset.
FAQs
1. How does the property’s size compare to other homes in Wolseley?
It’s slightly larger than average. The typical home in the neighbourhood has about 830 sq ft, so this one offers roughly 100 extra square feet. That puts it near the middle of the pack.
2. Why is the assessed value so much lower than the neighbourhood average?
There are a few possible reasons. It could be that the home hasn’t been updated in some time, or that it has a smaller lot or less desirable features compared to others in the area. The low rank within Wolseley (94th percentile means only a handful of homes are assessed lower) suggests this isn’t typical for the neighbourhood.
3. Is the building age a concern?
Homes from 1914 are common in older Winnipeg neighbourhoods. They often have solid construction but may need updates to systems like plumbing, electrical, or insulation. It’s worth getting a thorough inspection, especially for foundation and roof condition.
4. What does the ranking system actually tell me?
The rankings compare this property to others on the same street, in Wolseley, and across the entire city. They’re based on three factors: square footage, assessed value, and year built. A high rank means the property is above average for that factor; a low rank means it’s below.
5. How useful is the “open map analysis” feature?
It lets you compare this home side-by-side with nearby properties on factors like lot size, assessed value, and age. If you’re evaluating the neighbourhood or considering an offer, it’s a practical tool for getting a clearer picture of how this listing fits into the local market.