1. Key Characteristics & Buyer Profile
This is a mid-century home on Oakdean Crescent in the Woodhaven area of Winnipeg, with 1,220 sqft of living space on a 7,737 sqft lot. Built in 1956, it sits on a larger-than-average city lot (top 12% citywide), but its land size is slightly below the Woodhaven community average. What stands out most is the property tax assessment: at $435,000, it ranks in the top 17% on its street and top 31% citywide. The living area is modest compared to the local neighbourhood average (1,505 sqft), meaning this property leans into land value and location rather than interior square footage.
The appeal lies in the balance between a well-established street (older homes, mature setting) and a land-to-house ratio that's relatively generous by city standards. The 1956 build year is in the older range for the neighbourhood, which may appeal to someone comfortable with post-war construction or looking for a renovation project with good bones.
This property best suits:
- Buyers who prioritize a larger lot and a stable street over a large interior.
- Someone looking for a home with strong land value relative to its tax assessment.
- A buyer interested in the Woodhaven area but priced out of larger, newer homes in the immediate vicinity. It may also appeal to someone who wants to avoid the premium for a "flipped" interior and instead value the land as the primary asset.
2. Five Possible FAQs
1. How does the property tax assessment compare to similar homes nearby?
The assessed value is $435,000, which is above the street average ($376,000) and slightly above the community average ($422,000). It's also above the citywide average ($390,000). This suggests steady or above-average market conditions for the property, but you'd want to verify whether the assessment aligns with recent sale data for the street.
2. What's the condition of the home given its 1956 build date?
The property is older than about 64% of homes citywide. A 1956 construction means you're likely dealing with original foundation systems, older plumbing, and possibly single-pane windows or outdated insulation. It doesn't appear to be flipped or renovated based on the data provided, so a thorough inspection is essential—especially for the roof, wiring, and foundation. The upside is that many homes of this era in Woodhaven were built with solid materials and good lot sizes.
3. How big is the lot, and is it usable?
The land is 7,737 sqft—larger than 88% of properties citywide but smaller than the Woodhaven average (9,926 sqft). For the street itself, it's very close to the average (7,804 sqft). The lot is likely rectangular and reasonably sized for a garden, a garage addition, or a small backyard structure, but it's not oversized for the neighbourhood. If you're looking for a double lot or room for a major extension, this may feel tight.
4. Is this home a good investment for resale or as a starter?
It depends on your goal. The ranking data suggests this home sits near the middle of its street and community in terms of size and value. It's not a top-of-market property, nor a discount outlier. For someone wanting to get into a decent area with strong land value, it could work. But given its age and modest interior, a full renovation could push the total cost beyond what the street commands in resale. You'd want to calculate whether the land alone justifies the price.
5. What's the neighbourhood like for families or commuters?
Woodhaven is a well-established residential area in Winnipeg, with a mix of mid-century and newer homes. It's not a high-turnover neighbourhood, which can mean stronger community ties and less noise. Schools, parks, and shopping aren't detailed here, but the street ranking for land and assessment suggests a stable, older demographic. If you're looking for a walkable area with newer amenities, you may want to compare it to other parts of the city. But if you value mature trees, solid construction, and a quiet street, it's a strong candidate.