Property Overview: 31 Woodlands Crescent, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1956 on a good-sized lot in the Kirkfield neighbourhood. Its key appeal lies in its balance of affordability and space. At 925 sqft, the living area is compact and below average for the area, but it sits on a 6,048 sqft lot that is above average city-wide, offering valuable outdoor space and potential. The home features a renovated basement and a detached garage. Its assessed value is notably below area averages, positioning it as a more accessible entry point into the market.
This property would suit first-time buyers or downsizers looking for a manageable home with a generous yard without a premium price tag. It’s a practical choice for someone who values land size over interior square footage and is comfortable with a home that requires personalization. A less obvious perspective is that its "below average" size and value for Kirkfield could represent a relative value opportunity for a buyer who plans to stay long-term, as they gain land in a settled neighbourhood without overpaying for the house itself.
Frequently Asked Questions
1. Is the house in need of major updates?
The listing confirms a renovated basement, but the main level of the 1956 home should be evaluated for the condition of major systems (roof, windows, plumbing, electrical) and cosmetic updates to suit your taste.
2. How does the lot size compare to others?
The lot is a standout feature. At over 6,000 sqft, it is larger than the typical Winnipeg lot, providing ample private outdoor space, which is a valuable asset not reflected in the home's smaller interior square footage.
3. What is the neighbourhood like?
Kirkfield is a mature, established neighbourhood. The property's metrics show it is surrounded by homes of similar age and value, suggesting a stable, residential area. Prospective buyers should visit at different times to gauge traffic and neighbourhood activity.
4. Why is the assessed value lower than area averages?
The lower assessment is likely due to the home's smaller size and age relative to other area homes. This can be an advantage for property taxes but also indicates the house itself, not the land, is the primary driver of its current valuation.
5. What was the previous sale price?
Public data indicates a sale between $265,000 and $295,000 in November 2019. For the exact historical sold price, you can request the information directly via the provided email service on the listing page.