Property Overview: 71 Woodgreen Place, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1967, is situated on a large 7,203 sqft lot in the Booth neighbourhood. Its primary appeal lies in its generous proportions and established setting. With 2,213 sqft of living space, it ranks among the top 10% of homes on its street and top 3% within the wider neighbourhood for size, offering substantial room for a family. The attached garage and full (though unrenovated) basement add functional space. The property’s value is rooted in its lot size and spacious interior rather than recent updates, presenting a classic "good bones" opportunity.

Its appeal is for the practical buyer who sees potential. It would suit a family seeking space to grow into over time, or a value-oriented purchaser comfortable with taking on projects. The home offers a chance to secure a larger property in an established area, where the investment can be directed toward personalization and modernization according to one's own taste and budget. A less obvious perspective is its appeal to those who prioritize privacy and outdoor space; the lot size is well above average, providing a rare canvas for gardens, play areas, or future additions in a mature neighbourhood.

Frequently Asked Questions

1. What is the condition of the basement?
The listing specifies a full basement that is "not renovated." Buyers should anticipate it as functional but dated, likely requiring finishing or significant updates to modernize.

2. How does the age of the home (1967) factor in?
While older, the home ranks as newer than 89% of houses on its street, meaning it’s among the more recent builds in the immediate area. This suggests well-established infrastructure but also that major original components, like the roof, windows, or mechanical systems, may be nearing or due for replacement.

3. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is typically below market value. It reflects a historical valuation and the property's basic attributes, not current market conditions or potential. Its similarity to other homes in different neighbourhoods simply indicates a comparable tax base, not necessarily comparable market price or condition.

4. Is the neighbourhood considered desirable?
The rankings show a mix. The property itself ranks highly for size and newer age within its immediate area and the broader Booth neighbourhood. This suggests it is one of the larger, slightly newer homes in a mature, established community, rather than being in a newly developed area.

5. What are the next steps for a serious buyer?
Given the home’s unrenovated state, the essential next steps would be a thorough professional inspection to understand the condition of major systems and structure, and to research potential costs for modernizing the basement, kitchen, and bathrooms to align with your vision.