Property Overview & Key Characteristics
This home at 47 Woodlawn Avenue presents a balanced, grounded opportunity in Winnipeg's Minnetonka neighbourhood. Built in 1969, its 1,248 sqft living space is squarely average for the street and city, suggesting a practical layout without extremes. The standout feature is the 8,062 sqft lot, which ranks in the top 30% on its street and top 11% city-wide, offering above-average outdoor space—a valuable asset for gardening, play, or future expansion. With an assessed value of $41,300, it sits in a moderate range for the area.
The appeal lies in its consistency and the value of the land itself. It’s not an outlier in size, age, or price, but offers a stable footprint in a mature neighbourhood. The data suggests a property that has been maintained alongside its peers, representing a known quantity rather than a speculative project.
This home would suit a pragmatic first-time buyer or someone looking to downsize into a manageable space with a generous yard. It’s also a sensible fit for an investor seeking a straightforward rental property in a well-established area, given its middle-of-the-road metrics and apparent stability within the local market context.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The lot is a key advantage. At over 8,000 sqft, it is larger than the average lot on Woodlawn Avenue and significantly larger than the typical city-wide lot, offering more private outdoor space than many properties.
2. The home was built in 1969. What should I consider?
A home of this age will likely have had major systems updated over time. A key question for the seller or a home inspector would be the age and condition of the roof, windows, plumbing, and electrical, which may be due for replacement or modernization.
3. Is the assessed value a good indicator of the selling price?
Not directly. The assessed value ($41,300) is for municipal tax purposes. The last known sale was between $350k-$400k in 2016. Market conditions, recent renovations, and buyer demand will determine the final sale price, which will be substantially higher than the assessed figure.
4. How does the living space feel for a family?
At 1,248 sqft, it is slightly below the neighbourhood average. This indicates a efficient, likely traditional layout. It may be comfortable for a small family or couple, but those needing multiple large bedrooms or dedicated home-office spaces should pay close attention to the specific floor plan.
5. What is the neighbourhood character like based on this data?
The data shows a street with homes of varying ages (averaging 1952) and sizes, suggesting an eclectic, established community without strict uniformity. The mix of assessed values and living areas points to a diverse streetscape of long-held and updated homes.