Property Overview: 53 Woodydell Avenue
Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg’s Vista neighborhood. Its primary appeal lies in value and lot potential. The assessed value of $355k sits below averages for both the street and neighborhood, and is around the median mark city-wide, suggesting a competitively priced entry point.
The house itself, built in 1972, is typical for its immediate area. At 896 sqft, the living space is notably more compact than most comparable homes on the street and in the wider area. This characteristic defines its ideal buyer: a first-time homebuyer, downsizer, or investor seeking a lower-maintenance footprint without sacrificing a traditional neighborhood setting. The significant appeal is the 5,190 sqft lot. While below the street average, it is near the city-wide median and offers ample outdoor space for gardening, expansion, or future development, which is a key asset not reflected in the current living area.
This property suits a buyer comfortable with a home that may require updates, who prioritizes land size and location value over immediate square footage, and who views the below-average living area as a chance for a manageable mortgage and utility costs.
Frequently Asked Questions
1. Is this a small house?
Yes, at 896 sqft, the living area is smaller than most similar homes on Woodydell Avenue and in the Vista neighborhood. This makes it a more manageable and potentially energy-efficient property.
2. Why is the assessed value below the street and neighborhood averages?
The assessed value reflects the property's characteristics, primarily its smaller-than-average living area for the location. It positions the home as a value-oriented option in the area.
3. What does the lot size mean for me?
At 5,190 sqft, the lot is a substantial asset. It provides generous outdoor space relative to the home's size, offering room for recreation, gardening, or future renovations like an addition or garage.
4. How does the age of the home factor in?
Built in 1972, the home is of a common vintage for the street. Buyers should budget for potential updates to systems like plumbing, electrical, or windows that are typical for homes of this era.
5. Who would this property suit best?
It is well-suited for first-time buyers entering the market, empty-nesters looking to downsize, or practical investors. It appeals to those who see value in the land and location and are willing to trade interior square footage for a lower price point and outdoor potential.