193 Woodydell Avenue

Property Overview: 193 Woodydell Avenue, Winnipeg

Key Characteristics & Appeal

This home at 193 Woodydell Avenue presents a practical and affordable entry point into the Vista neighborhood. Built in 1972, it is a typical example of its era, with a living area of 864 sqft that is notably smaller than averages for its street, community, and the wider city. Its lot size of 5,196 sqft follows a similar pattern, being more compact than many neighboring properties.

The primary appeal lies in its financial accessibility. With a tax assessment value of $362,000, it sits consistently below area averages, offering a lower price point in a stable setting. This creates an opportunity for value-conscious buyers who prioritize location and land ownership over square footage. The home would suit first-time buyers, investors looking for a rental property, or downsizers seeking a manageable lot and home without leaving the community. A thoughtful perspective is that a smaller, more efficient home on a decent lot can be a canvas for renovation or expansion, allowing a buyer to add value over time in a well-established area.

Frequently Asked Questions

1. Is this home significantly smaller than others nearby?
Yes. With 864 sqft of living space, it is smaller than about 77% of homes on its own street and 89% within the Vista community. This is its most defining characteristic and the key factor behind its accessible price.

2. How does its tax assessment value compare?
Its assessment of $362,000 is very close to the local average, ranking near the middle of the pack on its street and in the city. This suggests the price reflects the home’s size and condition rather than an undervalued location.

3. What does the lot size mean for potential use?
At just over 5,000 sqft, the lot is smaller than most on the street but near the citywide median. It provides adequate outdoor space for a garden or patio but may not accommodate large additions without careful planning.

4. Is the 1972 build year a concern?
The build year is typical for the area. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, windows, and mechanical systems, which may be due for updates.

5. Who would this property not be suitable for?
It is likely not ideal for buyers who need ample indoor space for a growing family or who desire a move-in-ready home with modern, open-concept layouts. It is best suited for those comfortable with a cozier footprint or a project.