176 Woodhaven Boulevard – Property Summary
Key Characteristics & Suitability
This is a 962 sqft home built in 1920, set on a notably large 7,738 sqft lot in Winnipeg’s Woodhaven neighbourhood. The property’s main draw is the land: city-wide, it ranks in the top 12% for lot size, well above the local average. The house itself is smaller and older than most nearby homes, and its assessed value ($267,000) is significantly below both the street and neighbourhood averages. The living area places it in the bottom tier on its block and within Woodhaven, though it fares slightly better when compared city-wide.
The appeal here is not the house but the property underneath it. For a buyer willing to renovate, rebuild, or hold for long-term land value, this offers a rare combination of a large lot in an established neighbourhood at a below-market entry point. It would particularly suit someone looking for a project, an investor eyeing redevelopment potential, or a buyer who prioritises outdoor space over a modern, move-in-ready home. It is less suited to someone seeking a finished, turnkey property in a prime location without significant work.
Five Frequently Asked Questions
1. Why is the assessed value so much lower than surrounding homes?
The value reflects the small living area (962 sqft) and the home’s age (1920). While the lot is large, the structure itself is dated and compact, which pulls the overall assessment down. In Woodhaven, most comparable homes are larger and newer, so the assessed value ranks in the bottom 5% of the neighbourhood.
2. Is the home livable as-is, or does it need major work?
The data provided does not include condition reports, but given the year built and below-average assessed value, a thorough inspection would be wise. Buyers should expect older systems, possible maintenance needs, and a layout that may not suit modern expectations without updates.
3. How does the lot size compare to other properties in the area?
The lot is large for the neighbourhood but not exceptional on Woodhaven Boulevard itself—it ranks near the bottom third on the street. However, city-wide, it’s in the top 12%, meaning you get significantly more land than most Winnipeg properties for a comparatively low entry price.
4. What is the redevelopment potential for this lot?
Zoning and development rules are not included in this data. However, a 7,738 sqft lot in an older, established area often allows for subdivision or a larger new build, depending on local bylaws. Buyers should verify with the city before making plans.
5. How does this property compare to others currently for sale in Woodhaven?
This home is smaller, older, and cheaper than the Woodhaven average. Most homes in the area are larger (around 1,500 sqft), newer (average built 1953), and assessed higher ($422,000). Its main advantage is land size, not house quality or size.