Property Overview: 90 Woodlands Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kirkfield is defined by a compelling contrast. The house itself is modest, with below-average living space (762 sqft) and an assessed value for both the home and the neighbourhood. Built in 1945, it presents as a classic post-war bungalow likely requiring updates, notably in the unfinished basement.
The property’s primary appeal lies in its exceptionally large lot. At nearly 9,000 sqft, the land area ranks in the top 10% locally, offering significant outdoor space that is rare for the area. This creates a clear value proposition: you are purchasing potential, not perfection. The appeal is for a specific buyer: someone seeking an affordable entry into homeownership who values private outdoor space over a move-in-ready interior, or an investor/renovator who sees the underlying value in the land and the opportunity to tailor the home to their needs. It suits those comfortable with a project, whether now or in the future, and who prioritize yard size for gardening, pets, or expansion over immediate modern finishes.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper"?
Yes, likely. The home is older with an unrenovated basement, suggesting it needs modernization. The value here is in the land and the structure's potential, not in current finishes.
2. Why is the assessed value relatively low?
The assessment reflects the home's age, size, and condition relative to others. The lower assessment can translate to lower property taxes, which is a practical advantage for a home requiring investment in updates.
3. What can I do with such a large lot?
The lot size is the standout feature. It offers ample room for gardening, recreation, or future additions like a garage, workshop, or expanded living space, subject to local zoning bylaws.
4. How does the recent sale price compare?
The home sold in mid-2023 for an estimated range of $21.5k-$24.5k. This historical price, well below the city average, underscores its status as an affordable project property and provides a benchmark for its value in its current condition.
5. What's the neighbourhood like for a home of this age?
Kirkfield features many homes from this era. While this home is older than most on its street and in the area, it fits the general character of mature neighbourhoods in Winnipeg. The key differentiator is its lot size, which is larger than most surrounding properties.