Property Overview: 107 Woodlands Crescent, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home in Kirkfield presents a classic, no-frills opportunity. Built in 1915, it is one of the older homes on its street and in the wider area, offering undeniable character and history. With 1,036 sqft of living space and an unrenovated basement, the home is compact and would benefit from modernization. It sits on a 6,040 sqft lot, which is a notable feature—larger than the city-wide average and providing generous outdoor space relative to the home's footprint.
The primary appeal lies in its value proposition and potential. The home's assessed value is consistently below average for its street, neighborhood, and city, suggesting a lower entry point. This makes it a candidate for buyers looking for a foothold in the market, those comfortable with a project, or investors considering a hold-and-renovate strategy. The large lot is a significant asset, offering room for gardens, expansion, or future redevelopment, subject to zoning. It suits a practical buyer who sees beyond surface finishes, values outdoor space over a large interior, and is prepared for the maintenance and updates that come with a century-old home.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby averages?
The assessed value reflects the home's age, condition, and smaller living area compared to more modern or renovated homes in the area. It is primarily based on its current state and market factors, not its potential after improvements.
2. What does "unrenovated basement" typically imply?
This usually indicates the basement retains its original or older finishes, mechanical systems, and layout. Buyers should budget for potential updates to flooring, insulation, and possibly moisture management, and should have it inspected for foundational integrity.
3. Is the large lot a good opportunity?
Yes, the lot size is a key asset. It offers more privacy and space than many newer properties. For the right buyer, it provides flexibility for landscaping, adding a garage or shed, or future expansion, though any structural changes would require proper permits and adherence to zoning bylaws.
4. What should I consider with a home from 1915?
Expect older building materials, such as plaster walls and original hardwood, which have charm but may need care. Key considerations include the age and condition of the roof, wiring, plumbing, and insulation. A thorough home inspection is essential to understand the scope of any necessary updates.
5. How reliable are the sold price ranges shown?
These ranges are derived from public data and provide a general market trend. For precise historical sale figures to inform your offer, you must request the exact data via the provided email service, as the listing agent does not publish the exact amounts publicly.