7 Woodlawn Avenue

Property Overview & Appeal

This home at 7 Woodlawn Avenue in Winnipeg's Minnetonka neighbourhood stands out for its exceptional lot size and strong assessed value. Its primary appeal lies in the rare combination of a very large, approximately 13,500 sqft property with a comfortably sized 1,545 sqft house built in 1975. The data shows the lot size is in the top 3% on its street and city-wide, offering significant outdoor space and potential that is increasingly hard to find. While the living area is above average, the home’s assessed value ranks even higher (top 7% on the street), suggesting the property is valued well for its offerings.

It would suit buyers who prioritize land over sheer house size—ideal for those wanting gardening space, privacy, room for additions, or a future detached garage. It also appeals to value-conscious buyers looking for a property with strong fundamentals in a mature neighbourhood, where the land itself represents a substantial portion of the asset's worth.

Frequently Asked Questions

1. How does the large lot impact costs?
While providing great space and potential, a lot of this size can mean higher costs for landscaping, fencing, and property maintenance. It's wise to budget accordingly for both upkeep and any future development plans.

2. The home was last sold between 2021-2025. What does that mean?
The sold price shown is an estimated range based on public data. To get the exact sale price and history, you must request it via email from the site. This is a common practice to ensure accuracy and verify serious interest.

3. The house is from 1975. What should I consider?
A home of this age is likely to have undergone several updates. A key focus should be on the condition of major systems like the roof, plumbing, electrical, and heating, which may be due for maintenance or replacement if not already updated.

4. The assessed value seems high compared to neighbours. Is that good?
A higher assessed value generally reflects the municipality's view of the property’s worth, often driven here by the large lot. It can be positive for equity, but it's important to remember that property taxes are based on this assessment, so taxes may be proportionally higher than on neighbouring properties with smaller lots.

5. How does the living area compare to the overall property?
The house itself is a comfortable size, but the land area is the standout feature. This creates a specific dynamic: you have a moderately sized home on a very large plot. It’s perfect if you value outdoor living space, but if you’re looking for maximum interior square footage, the house itself is more in line with neighbourhood averages.