Property Overview: 201 Woodydell Avenue
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg's Vista neighborhood. Its key characteristic is value: with an assessed value of $337k, it sits notably below the average for its own street ($372.4k) and the broader city ($390.1k). The appeal lies in this price positioning, offering a more accessible entry point into the market. The 5,197 sqft lot is a solid, average-sized parcel for the area.
The home itself, built in 1972, is of a typical vintage for the street. Its living space of 816 sqft is compact, ranking below average at every comparison level. This defines the ideal buyer: it would suit first-time buyers, downsizers, or investors seeking a lower-priced foothold in a stable area. It’s a property for those comfortable with a smaller footprint who prioritize financial efficiency over size. A less obvious perspective is that its below-average metrics across the immediate area might indicate less competitive pressure during purchase, while its citywide assessment ranking is closer to the median, suggesting its value is recognized in the broader market context.
Frequently Asked Questions
1. Is this a "fixer-upper" given its lower assessed value?
Not necessarily. The assessment is comparative based on size and other factors. Its value is lower primarily because the living area is significantly smaller than most comparable homes on the street and in the neighborhood.
2. How does the smaller living area impact daily life and resale?
The floor plan efficiency will be key. It requires thoughtful use of space and may not suit those needing multiple large rooms. For resale, it appeals to a specific, value-driven segment of the market, as demonstrated by the current data.
3. The lot size is "around average." Is that a positive?
Yes. While the house is compact, the lot is not. It provides balanced outdoor space relative to the neighborhood and offers potential for gardening, expansion, or simply more privacy than a smaller lot would.
4. Why is the citywide assessment ranking (58%) much stronger than the street ranking (92%)?
This indicates that while this home is among the smallest and lowest-valued on its specific street, it compares more favorably to the full spectrum of homes across all of Winnipeg. Its value proposition improves when viewed on a wider scale.
5. What does the "year built" ranking tell us about the home's condition?
The built date (1972) is typical for the area. The average rankings suggest the home's age is not an outlier, so major systems are likely of a similar vintage to neighbors'. A thorough inspection is always recommended to understand its specific condition.