Property Overview: 176 Woodlawn Avenue, Winnipeg
Key Characteristics & Appeal
This home at 176 Woodlawn Avenue in Minnetonka presents a compelling case based on its strong fundamentals. Built in 1971, the 1,480 sqft house sits on a notably generous 10,292 sqft lot, which is a standout feature ranking in the top 6% citywide for land area. This offers significant outdoor space and potential not found in many city properties.
The appeal lies in a clear value proposition: you are acquiring an above-average sized lot and a home with an assessed value that consistently ranks in the top quartile compared to its immediate neighbours, local area, and the wider city. While the living space is comfortably above average for its specific street, it is more in line with typical city sizes. The home’s age is average for Winnipeg but is newer than many in the Minnetonka area, which may suggest updated infrastructure compared to older neighbourhood stock.
This property would suit practical buyers who prioritize land size and established neighbourhood character over a brand-new build. It’s ideal for someone looking for room to garden, play, or potentially expand, and who appreciates a home that holds a strong assessed value position relative to its peers. The recent sale in the $450k-$500k range in 2024 confirms its market alignment.
Frequently Asked Questions
1. How does the lot size compare to a typical Winnipeg property?
The lot of 10,292 sqft is substantially larger than the city-wide average of about 6,570 sqft, placing it in the top 6% of properties. This is one of the home's most defining assets.
2. The home was built in 1971. What should I consider regarding its age?
While 55 years old, the home is actually newer than many in the Minnetonka area, where comparable homes average a 1975 build year. This suggests it may have more modern construction features than immediate neighbours, but a thorough inspection for era-specific systems (like plumbing, electrical, and insulation) is always recommended.
3. What does the "above average" assessed value ranking mean?
The assessed value of $48.70k ranks in the top 13-25% across all comparison levels. This indicates the city assesses this property more highly than most comparable homes, which can reflect its desirable lot size, condition, and improvements, and often correlates with stronger market value.
4. Is the living space large for the area?
At 1,480 sqft, the living area is above the average for Woodlawn Avenue itself but is generally on par with the broader Minnetonka area and the city. The space is comfortable and typical, while the property's standout feature is the land, not the home's square footage.
5. How can I find out the exact past sale price?
The listed sale price is a public data range. The exact, verified sold price history is available by request via the email link provided on the property page. This service is provided manually with a commitment to privacy and no unsolicited marketing.