Property Overview: 470 Woodlands Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Kirkfield presents a classic Winnipeg character, built in 1920. Its primary appeal lies in its generous living space relative to the immediate area. At 1,413 sqft, the home offers significantly more interior space than most comparable properties on Woodlands Crescent, ranking in the top 12% locally. The lot is a standard city size, just under 6,000 sqft. Notably, the property carries a relatively modest municipal assessed value compared to others in the wider Kirkfield neighborhood, which may indicate a different valuation approach or condition relative to newer homes.

The home would suit a buyer who values established communities and appreciates the potential of a character property. It’s a practical option for someone needing above-average square footage on a pleasant crescent, possibly offering more room for the budget than newer builds in the area. A thoughtful perspective is that while the home is older than nearly all in its vicinity, this can sometimes correlate with more generous room proportions and mature landscaping not found in newer subdivisions. The detached garage adds practical utility.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes. Here, it is notably lower than the Kirkfield neighborhood average. This doesn't directly set market price, but it can signal that the property is assessed differently, possibly due to its age or specific characteristics. Buyers should rely on a professional market appraisal.

2. What does the home's age mean for maintenance?
Built in 1920, this is one of the older homes in the area. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, and budget for potential updates that align with preserving a character home.

3. The living space is large for the street, but the assessed value isn't. Why?
This discrepancy is key. It often means the home offers good square footage, but that value may be moderated by factors like the need for modernization, the layout of an older home, or the specific finishings. It can represent an opportunity to add value through renovations.

4. What is the sales history of the property?
Public records indicate sales in October 2016 and June 2017. For the exact sold prices, you must request the information directly from the listing source, as they provide that detail manually via email.

5. Is the lot size a constraint for expansion or outdoor space?
At just under 6,000 sqft, the lot is standard for the city and average for the crescent. It provides adequate backyard space for a home of this era. Any significant expansion would require checking setback bylaws and the footprint of the existing structure.