Property Overview
462 Woodlands Crescent is a spacious two-storey home in Winnipeg's Kirkfield neighbourhood, built in 1979. Its primary appeal lies in offering above-average space and value on multiple fronts. With nearly 1,950 square feet of living area, the home ranks in the top 4% for size on its street and well above average for the area and city. It sits on a large, flat lot of approximately 7,800 square feet. A key feature is the renovated basement, adding functional living space. The property includes a detached garage.
The home’s standout characteristic is its significant assessed value of $560,000, which places it in the top 1% on its street and above average in its wider comparisons. This suggests a property that has been substantially upgraded or that offers considerable value relative to its immediate peers. It would suit buyers looking for a move-in-ready home with more interior space and a larger yard than is typical for the area, without necessarily entering the premium price bracket of newer constructions. It’s a strong option for growing families or those who value room to spread out, both inside and outdoors, in a well-established community.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $560,000 is for municipal tax purposes and is a historical snapshot. It indicates the home is considered high-value for its area, but the actual market price will be determined by current conditions, the home's specific features, and buyer demand.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finish quality, permits, the presence of a secondary suite or legal rental potential, and whether it includes a bathroom or kitchenette.
3. Is the lot size a major advantage?
Yes. At 7,797 sq ft, the lot is significantly larger than many in Winnipeg (top 12% citywide). This offers ample private outdoor space, potential for gardening, expansions like a deck or shed, and a greater sense of privacy—a valuable asset in an established neighbourhood.
4. The home was last sold in 2016 for a much lower price. What does this mean?
The 2016 sale price reflects the market at that time. The substantial increase in assessed value since then strongly suggests major improvements or renovations have been completed, fundamentally changing the property's value and condition.
5. What are the implications of a detached garage?
A detached garage provides excellent storage or workshop space and can reduce noise from vehicles entering/exiting the main house. However, it may be less convenient during Winnipeg winters compared to an attached garage. Consider the walkway condition and potential for future development of the space between the garage and house.