Property Overview: 197 Woodlawn Avenue, Winnipeg
Key Characteristics & Appeal
This home at 197 Woodlawn Avenue in Minnetonka presents a compelling blend of space, value, and established character. Built in 1974, it is notably newer than many homes on its own street. Its key strength lies in its generous proportions: with 1,531 sqft of living space, it is above average for the area, and its lot of nearly 10,000 sqft is significantly larger than typical city lots, offering ample outdoor potential.
The appeal is rooted in its strong positional value. The property consistently ranks above average in assessed value against its immediate neighbours, the broader Minnetonka area, and city-wide benchmarks. This suggests a well-regarded location within a stable, established neighbourhood. The home last sold in the $500k-$550k range in 2022, a price point that placed it in the top tier of sales for the area at that time.
This property would suit buyers looking for a home with room to grow or breathe in a mature neighbourhood. It’s ideal for someone who values a larger yard over a brand-new build, and for the practical buyer who appreciates a home that holds its value well relative to its surroundings. It represents a solid, grounded choice for a growing family or anyone seeking a permanent foothold in a community without the premium of a recently constructed house.
Frequently Asked Questions
1. What does the "above average" assessed value ranking mean for me?
It indicates that the city's assessment of this property's value is consistently higher than that of many comparable homes nearby. This often reflects a combination of the desirable lot size, living space, and the property's condition and location on the street. It's a positive signal of the property's standing in the area.
2. The house was built in 1974. What should I consider?
While newer than many neighbours, a 50-year-old home will likely have had major systems updated. A key question for the seller or a home inspector would be the age and condition of the roof, windows, furnace, and electrical panel. The upside is that homes from this era often feature more generous room sizes and land than newer builds.
3. How significant is the lot size?
At 9,895 sqft, the lot is a standout feature. It's over 50% larger than the average city lot, offering exceptional space for gardening, recreation, expansions like a deck or shed, or simply more privacy. This is a long-term asset that is increasingly rare.
4. The last sold price is shown as a range. How can I get the exact figure?
Exact sale prices in Manitoba are not publicly posted online. As noted on the detail page, you can request the precise historical sold price by emailing the provided service. They manually retrieve this data and provide it directly.
5. How does this home compare to others on Woodlawn Avenue?
The data shows it ranks highly on its own street for being newer (top 11%), having a higher assessed value (top 14%), and offering more living area (top 24%) and land (top 19%). This suggests it is one of the more substantial and modern properties on the block, which is useful context when viewing the street in person.