Property Overview & Key Characteristics
This 819 sqft bungalow at 172 Woodside Crescent in Winnipeg's Meadows neighbourhood presents a specific and practical value proposition. Built in 1987, its key characteristic is its compact size, which is notably smaller than most homes on its street and in the wider area. This is balanced by a reasonably sized lot of 5,911 sqft, which is above average for the Meadows. The home's assessed value is modest, sitting below average for its immediate vicinity but around the middle of the pack city-wide.
Its primary appeal lies in efficiency and affordability. It suits first-time buyers seeking an entry point into homeownership with lower property taxes, downsizers looking to reduce maintenance and living space without sacrificing yard size, or investors considering a rental property. A less obvious perspective is that a home of this size and vintage on a good-sized lot offers potential for future expansion or renovation, representing a "blank canvas" opportunity in an established area. Its average city-wide assessment also suggests it’s not an outlier, potentially offering stable value.
Frequently Asked Questions
1. Why is the living area significantly smaller than neighbouring homes?
This home is a compact bungalow. The data shows it has the smallest living area on Woodside Crescent, which is typical of certain floor plans built in this period, focusing on efficient use of space.
2. What does the assessed value tell me about the property taxes?
With an assessed value of $35,400, which is below the average for its street and neighbourhood, the municipal property tax burden for this home is likely to be relatively lower than for larger homes in the same area.
3. How does the lot size compare, and what does that mean?
The lot of 5,911 sqft is above average for the Meadows neighbourhood. This means you get more outdoor space than many nearby properties, which could be used for gardening, recreation, or future projects, offsetting the smaller interior.
4. The home sold between $250k-$300k in 2016. What is it worth now?
We provide historical sold price ranges from public data. For the exact, most recent sold price and history, you can request it via email using the form on the page. We provide this information manually and do not use your email for marketing.
5. How can I see this property in context with its neighbours?
You can use the "Open neighbourhood map analysis" link to view an interactive map comparing this home to others nearby by year built, size, assessed value, and lot size.