160 Woodhaven Boulevard – Property Summary
Key Characteristics and Buyer Profile
This is a 1,178 sqft home built in 1919 on a 6,968 sqft lot, located on Woodhaven Boulevard in Winnipeg. Its assessed value is $235k.
The property’s main draw is its lot size. While the lot is smaller than others on the same street and in the broader Woodhaven neighbourhood, it ranks in the top 17% citywide. That means you’re getting significantly more land than the typical Winnipeg property (average 6,570 sqft) for a price that sits well below both the neighbourhood and city averages.
The home itself is smaller than average for the area, and it’s older—built nearly 30 years before the typical house on the block. The assessed value reflects that: it’s notably lower than comparable homes on Woodhaven Boulevard and across Winnipeg.
Where it appeals: This is a property for a buyer who prioritises land over house condition or size. Someone looking to renovate, rebuild, or hold land in an established neighbourhood might find the numbers work. It’s less suited to someone wanting a move-in-ready home or a property that matches the profile of nearby houses. The low valuation relative to the street also suggests there could be room for value growth if the home is updated or replaced.
Five Possible Questions
1. Why is the assessed value so much lower than the neighbourhood average?
The home is smaller in living area and significantly older than most properties in Woodhaven. The average house in the area was built in 1953 and has around 1,505 sqft of living space, compared to 1,178 sqft and 1919 for this one. Both factors push the assessed value down.
2. The lot ranks well citywide. What does that actually mean in terms of use?
A 6,968 sqft lot in the top 17% citywide is an above-average urban parcel. For context, many new subdivisions offer lots closer to 4,000–5,000 sqft. This size gives you room for a larger home, a workshop, a garage, or a generous yard. Depending on zoning, it may also make the property more attractive for redevelopment.
3. How does this house compare to others on the same street?
It’s one of the older and smaller homes on Woodhaven Boulevard. Of the 69 homes ranked on that street, it falls near the bottom for living area, lot size, and assessed value. Most houses nearby are larger, sit on bigger lots, and were built more recently. It’s a lower-cost entry point onto a street where most properties are above-average for the city.
4. Is the low assessed value a red flag?
Not necessarily. The assessment reflects age, size, and condition relative to the area. A low value can mean the home needs work, but it also means lower property taxes. For a buyer planning to renovate or rebuild, the tax base is lower to start, which can be an advantage.
5. Could this property be a good investment?
Potentially, but it depends on your plan. The land is above-average citywide, the address is in an established neighbourhood, and the purchase price is relatively low. That combination makes it a candidate for long-term holding or a renovation project. The risk is that the street and neighbourhood values are driven by newer, larger homes—so if you don’t bring the property up to that standard, it may continue to lag behind comparables.