342 Woodbine Avenue

Property Overview: 342 Woodbine Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,016 sqft bungalow, built in 1977 on a 4,998 sqft lot in Riverbend, presents a specific value proposition. Its key characteristic is its position as a more affordable entry point within its immediate context. While its living space is modest compared to area and city averages, its assessed value of $299k is notably below the averages for both Woodbine Avenue ($365k) and the wider Riverbend neighborhood ($410k). This creates its primary appeal: an opportunity to secure a home in a well-established area at a lower price threshold, potentially offering room for equity growth through updates.

The home would suit first-time buyers or downsizers seeking manageable square footage and lower property taxes, prioritizing location and lot ownership over move-in-ready size or modern finishes. A thoughtful perspective is that its "below average" metrics for the neighborhood might actually insulate it from sharper market corrections, acting as a stable, lower-cost holding in a pricier area. It’s a practical choice for a buyer comfortable with a home that may require personalization, viewing its current rankings not as drawbacks, but as the foundation for its affordability.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($299k) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. Recent sold price data for the area suggests this home could trade within a competitive range of its assessment.

2. How does the home’s size compare to others nearby?
At 1,016 sqft, the living area is slightly below the street average (1,108 sqft) and more noticeably below the Riverbend neighborhood average (1,288 sqft). This is a key factor in its pricing and may mean cozier living spaces or fewer rooms than some neighboring properties.

3. What does the "Top 94%" ranking for value in Riverbend mean?
This means the home’s assessed value is lower than approximately 94% of comparable properties in the Riverbend neighborhood. It highlights this property’s position as one of the more affordable options in the area.

4. When was it last sold and for how much?
Public records indicate it was sold in May 2017. To protect privacy and comply with data rules, exact sold prices require a manual lookup. You can request the exact figure via email from the site, which provides a reliable, verified history.

5. Are the sold prices shown for nearby homes exact?
The listed sold prices for reference properties (e.g., 345 Park Manor Blvd) are exact figures from public data. For the subject property at 342 Woodbine, a precise price requires the email lookup process to ensure fully verified and compliant data delivery.