Property Summary: 184 Woodbridge Road, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Birchwood bungalow presents a classic, low-maintenance living option on a generous, mature lot. Its key appeal lies in a balance of space, location, and recent updates. The home features a renovated basement, adding valuable finished living area to the 943 sqft main floor. Built in 1959, it sits on a large 5,645 sqft lot that ranks highly within the neighbourhood for size, offering ample outdoor space for gardening or recreation.
The property’s strength is its solid positioning within a stable, established community. It suits first-time buyers seeking a manageable single-storey layout with move-in-ready updates, or downsizers looking for a comfortable home without the upkeep of a larger property. A thoughtful perspective is its potential for future value growth; the lot size is a significant asset that is increasingly rare in mature areas, and the renovated basement provides immediate functional space without the need for a major project. It’s a home that offers practicality now with the underlying value of its land for the long term.
Section 2: Frequently Asked Questions
1. How does the property compare to others on the street and in Birchwood?
The data shows a property of contrasts. It ranks very highly for lot size (top 6% in Birchwood) and above average for living area on its street. However, its year of construction is older than most on the street. This suggests you're getting a larger, established property rather than a recently built one.
2. What does the sold price history indicate?
The home last sold in June 2022 for $340,000. This recent sale provides a clear, current benchmark for market value, much more so than the municipal assessed value of $30,500, which is used for tax purposes and is not an indicator of market price.
3. Who is the typical buyer for this type of home?
This one-storey bungalow with a renovated basement is ideally suited for first-time homeowners wanting a manageable layout or empty-nesters looking to downsize without sacrificing yard space. The lack of a garage may deter some, but the large lot offers space to add one if desired.
4. Is the neighbourhood considered desirable?
The rankings indicate Birchwood is a neighbourhood where property values are consistent. The home's assessments and sale price consistently rank in the middle to upper ranges within Winnipeg, suggesting a stable, established area without extreme fluctuations.
5. What are the less obvious points to consider?
Two factors stand out. First, the excellent lot size is a permanent asset that could provide future options. Second, while the basement is renovated, the main house is from 1959; buyers should budget for the maintenance and potential updating of original core systems (like plumbing or electrical) common to homes of this era, even with a recently finished lower level.