Property Summary: 193 Woodbridge Road, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home from 1958 on a generous 6,710 sqft lot in Birchwood. Its primary appeal lies in its balance of established character and key modern updates, most notably a renovated basement that adds valuable functional space. While the living area (968 sqft) is modest, the property ranks highly for its lot size within the street and neighbourhood, offering ample outdoor potential.
The home suits first-time buyers or downsizers seeking a manageable, single-level layout in a mature area. Its above-average lot size for the immediate area is a standout for those prioritizing garden space, expansion potential, or simply a less crowded feel. A thoughtful perspective is its positioning relative to the market: with an assessed value at $350k, it sits in the middle range for Winnipeg, suggesting a practical entry point into a stable neighbourhood without the premium of newer builds. The 2021 sale price of $360k indicates a history of value retention.
Frequently Asked Questions
Q: How does the lot size compare to others nearby?
A: Very favourably. The lot is in the top 39% for size within the entire Birchwood neighbourhood and the top 65% on Woodbridge Road itself, meaning it's larger than many surrounding properties.
Q: What does "renovated basement" typically mean for a home of this era?
A: While specifics should be verified, in a 1958 home this often indicates crucial updates to moisture control, insulation, and livable finishes, transforming a previously utilitarian space into a comfortable family room, office, or additional bedroom area.
Q: The home is older. Should I be concerned about major systems?
A: The age suggests original systems may be near or past their typical lifespan. A thorough inspection is essential to evaluate the roof, plumbing, electrical, and foundation, and to budget for potential updates.
Q: There's no garage. Is street parking a problem here?
A: The property has no private garage. You should observe parking availability on the street at different times to assess convenience, considering the proximity to neighbours and any seasonal winter parking restrictions.
Q: How does the assessed value relate to the likely listing price?
A: The $350k assessment is a municipal valuation for tax purposes, not a market price. However, comparing it to the 2021 sale price of $360k provides a benchmark for how market value has moved in the area over recent years.