Property Overview: 27 Woodgreen Place
Key Characteristics & Appeal
This well-situated one-storey home in Winnipeg's Booth neighbourhood offers a classic layout with modern updates. Its key feature is a fully renovated basement, adding significant functional living space to the 1,240 sqft main floor. The property stands out on its street with a very generous 7,193 sqft lot, providing ample outdoor space that is increasingly rare. With an attached garage and a practical one-storey design, it caters to ease of living.
The appeal lies in its balance of space, update, and location. It sits on a large, private lot while being in a mature, established community. The recent sale in early 2024 at $400k, slightly above its $390k assessed value, suggests a stable and realistic market valuation. This home would particularly suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space, or an investor/renovator attracted by the already-completed basement renovation and the potential of a large lot in a solid neighbourhood.
Frequently Asked Questions
1. How does the lot size compare to others?
The 7,193 sqft lot is a major asset, ranking in the top 23% for size on Woodgreen Place itself. It offers substantially more outdoor space than most properties on the street and in the wider neighbourhood.
2. Is the home older, and what does that mean?
Built in 1967, the home is older than 89% of houses on its street, meaning it's in a mature, well-established area. While the structure is older, the key renovation (the basement) is already completed, mitigating a major project for a new owner.
3. How does the living space compare?
The 1,240 sqft main living area is on the smaller side compared to immediate neighbours (ranking in the top 3%, meaning 97% are larger). However, the renovated basement effectively doubles the usable square footage, which isn't always reflected in official living area metrics.
4. What do the price rankings indicate?
The recent sale price of $400k ranks higher in Winnipeg (top 35%) than it does on its own street (top 74%). This suggests the home's value is bolstered by its city-wide appeal—likely due to the renovated basement and large lot—even if it's a more modest offering on its specific block.
5. Is the neighbourhood active?
The presence of several very nearby recent sales (e.g., 23, 31, 19 Woodgreen Place) indicates a active, turning-over streetscape. This can be positive, showing a desirable area, but prospective buyers may wish to inquire about the mix of owners versus long-term residents.