Property Summary: 107 Woodgreen Place
Key Characteristics & Appeal
This one-storey home in Winnipeg's Booth neighbourhood sits on a large, 7,110 sqft lot, placing it among the top 3% for land size on its street. The home itself offers 1,243 sqft of living space and features a renovated basement and a detached garage. Built in 1967, it appeals to buyers seeking a established property with generous outdoor space and modernized essentials.
Its primary appeal lies in its rare combination of a top-tier lot size within a modestly priced segment, as evidenced by its assessed value. This creates a value proposition for those prioritizing yard space over a newer build. The significant price increase from its 2024 sale to its 2025 sale suggests strong recent market interest or improvements.
This property would suit a first-time buyer or downsizer looking for a manageable single-level layout with room to garden or expand outdoors. It’s also a practical fit for a buyer who values a renovated basement for extra living space and a detached garage for storage or projects, without the maintenance of a pool or a brand-new home.
Frequently Asked Questions
1. How does the lot size compare to the area?
The lot is exceptionally large for the street, ranking in the top 3% on Woodgreen Place. It's also above average for the wider Booth neighbourhood, offering more private outdoor space than most comparable properties.
2. The home was built in 1967. What should I consider?
While the basement has been renovated, a home of this age will likely have original or aging core components, such as the roof, windows, and major systems. Budgeting for ongoing maintenance and potential updates is advisable.
3. Why is there such a difference between the assessed value and the last sale price?
The assessed value ($36.7k) is for municipal tax purposes and often lags behind the current market. The sold price of $520k in early 2025 reflects the actual market value at that time, likely influenced by the home's condition, the renovated basement, and the desirable lot size.
4. What does the sale history indicate?
The property sold twice in a short period (Sept 2024 and Jan 2025) for significantly different prices ($31.6k and $520k). This typically indicates a quick flip or a substantial change in condition between sales, such as the completion of the noted basement renovation.
5. Is the detached garage a benefit or a drawback?
This depends on preference. It provides flexible storage or workshop space separate from the house. However, it requires navigating outdoors in winter, unlike an attached garage, which some buyers may find less convenient.