Key Characteristics & Buyer Profile
This is a 1956 home on Armour Crescent in Winnipeg’s Woodhaven area, with 1,307 sq ft of living space and a notably large 11,182 sq ft lot. Its main draw is the land: the lot ranks in the top 4% city-wide and sits well above average on its street and in the neighbourhood. The home itself is comfortably mid-range in size—slightly below the local average but still in the top 41% across Winnipeg. Its assessed value of $432,000 is a touch above the neighbourhood norm, reflecting a solid but not overpriced position.
The appeal here is subtle. It’s not a showpiece or a gut-reno project waiting to happen. Instead, it offers something rarer in many newer subdivisions: breathing room. The land gives you a functional yard, privacy buffers, and potential for additions, a garage, or landscaping that tighter parcels don’t allow. The house is older, built when the street was a younger suburb, but it’s in the middle of the pack for its era—not the oldest, not the newest. That means it likely has original character (plaster, trim, layout quirks) without being a historic headache.
This property would suit buyers who value outdoor space and quiet more than square footage or a modern finish. It’s ideal for someone willing to update gradually, or a family that wants room for kids and pets without overpaying for a fully renovated interior. It’s also a strong candidate for anyone looking to build equity through strategic improvements—the land base is hard to replicate. It’s less suited to buyers seeking turnkey, low-maintenance living or a compact urban footprint.
Five Possible FAQs
1. Is the house itself outdated, or just older?
The home is from 1956, which is typical for this street and slightly newer than much of the Woodhaven area. The data doesn’t tell you about interior condition, but being mid-range for its age suggests it likely hasn’t had a top-to-bottom gut—so expect original layouts, possible plaster walls, and mechanicals that may need attention. A detailed home inspection is recommended.
2. Why does the lot size matter so much here?
The lot is nearly double the city average and ranks in the top 4% in Winnipeg. That means more privacy, room for a garden, space for a detached garage or workshop, and potentially room to expand the house if zoning allows. In a city where many lots in established areas are shrinking, this is increasingly rare.
3. How does the assessed value compare to similar homes nearby?
At $432,000, the home is slightly above the street average of $406,000 and the neighbourhood average of $422,000. But it’s still in the top third of the city for value, meaning it’s not overpriced relative to its lot size. The land is likely driving the higher assessment more than the house itself.
4. Is this a good property for resale or investment?
Because the lot is the standout feature, resale value is tied more to land than to finishes. That can be a safer bet, as land tends to hold value better than renovations. If you can update the house without overcapitalizing, you’re likely to see good returns. But don’t expect a quick flip—this is a longer-term hold.
5. What does “接近平均” really mean for living space and build year?
It means this home is typical for its street and area, not an outlier. The living space is 1,307 sq ft, which is close to the city-wide average of 1,342 sq ft but a bit below Woodhaven’s 1,505 sq ft average. The build year (1956) is right around the street average (1957) and slightly newer than the neighbourhood (1953). So you’re getting a house that fits in, not one that stands out for being tiny or unusually old.