Property Overview: 407 Woodydell Avenue, Meadowood, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 407 Woodydell Avenue is a practical, no-frills property that represents an accessible entry point into Winnipeg's housing market. Built in 1973, it sits on a standard-sized lot of just over 5,000 sqft. Its key characteristic is its compact size, with 846 sqft of living area, which is notably smaller than average for the street, neighborhood, and city. This translates to a more manageable space with lower utility costs and less maintenance.
The appeal lies in its financial accessibility. The assessed value is consistently around the average for its immediate area, suggesting it is priced appropriately within a stable, established community like Meadowood. It last sold between 2017 for an estimated $250k-$300k. This profile suits first-time buyers seeking a foothold in the market, downsizers looking to simplify, or investors interested in a straightforward rental property. A thoughtful perspective is that its smaller size and average valuation could offer a buffer against market volatility, presenting a lower-risk option in an uncertain economic climate. It’s a home for those who prioritize location and lot over square footage, seeing potential in the land and the community rather than in the existing footprint.
Section 2: Frequently Asked Questions
1. Is the house too small compared to others on the street?
Yes, the living area is below average for Woodydell Avenue. This is the home's most defining trait, making it a compact option. Buyers should be comfortable with a cozier layout.
2. What does the assessed value tell me about the property?
The assessed value is around the local average, indicating the home is not overvalued relative to its Meadowood neighbors. It suggests a stable, mid-range property without the premium or discount associated with more unique homes.
3. How does the lot size compare?
The lot is approximately 5,200 sqft, which is very typical for the area. It provides standard outdoor space for a home of this era, neither particularly large nor small for the community.
4. The home was built in 1973. What should I consider?
A 1973 build means major components like the roof, windows, and mechanical systems (furnace, electrical) are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand upcoming maintenance or replacement costs.
5. How can I find out the exact past sale price?
The listed sale price from 2017 is a public range. To obtain the exact figure, you must request it directly from the listing service via the provided email button, as they manually verify and disclose this information.