Property Overview: 438 Woodlands Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1956, situated on a quiet crescent in the Kirkfield neighbourhood. With 980 square feet of living space, it is a compact and manageable property. A key updated feature is its renovated basement, which adds functional living area. The home does not have a garage or pool.
Its primary appeal lies in its practicality and location. The lot size of nearly 6,000 sq ft is notably generous for the immediate street, offering more outdoor space than most neighbours. The home’s assessed value is consistently around the average for its area, suggesting it is priced in line with market expectations without premium or distress signals. The renovated basement is a significant value-add, providing modernized space without the need for immediate investment.
This property would best suit first-time buyers, downsizers, or practical investors looking for an entry into the Winnipeg market. It’s a home for someone who values a larger yard over a large house, and who appreciates a move-in-ready basement. It’s not a luxury showpiece, but a grounded, straightforward home with one major update already completed.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
The home is very typical for Woodlands Crescent in terms of size, age, and value. Its standout feature on the street is its land area, which is larger than over 90% of its immediate neighbours.
2. What does the "renovated basement" likely include?
While exact details require a viewing, a "renovated basement" in a home of this era typically means updated flooring, drywall, and lighting to create a functional living, recreational, or additional bedroom space. It implies the heavy work is done.
3. Is the assessed value a good indicator of the selling price?
The assessed value ($31,700) is a municipal figure for tax purposes. Notably, it aligns closely with the local street average. Recent sold price data from 2016 shows a range, but the current assessed value being "around average" in multiple comparisons suggests it's a stable benchmark, not an outlier.
4. What are the considerations of a 1956-built home?
A home from this period may have original plumbing, electrical, or insulation that could require attention or updating over time. The roof and windows are also key points for inspection. The renovated basement is a positive, but the main floor may retain its original character.
5. How does the lack of a garage affect daily living and value?
For many buyers in this price segment, a garage is a desired amenity but not always a deal-breaker. The large lot provides space for a shed or potential future garage (subject to permits). Its absence is reflected in the home’s value and makes it more suited for buyers with minimal vehicle storage needs or who are comfortable with street parking.