Property Summary: 515 Woodydell Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 515 Woodydell Avenue in Meadowood is a well-situated property that offers solid value within its immediate context. Built in 1973, it is a slightly newer-than-average home for its specific street, which may suggest updated infrastructure compared to some neighbours. With 1,040 square feet of living space, it provides a practical layout that is above average for Woodydell Avenue, though it is a moderately sized home by broader city standards.

The appeal lies in its established neighbourhood setting and its balanced metrics. The lot size of just over 5,000 square feet is typical for the area, offering manageable outdoor space. The home’s assessed value is consistently around the median mark for its street, neighbourhood, and city, indicating it is priced in line with the market without significant premium or discount. This creates a stable, predictable entry point into the Meadowood community. A thoughtful perspective is that this property represents a "middle-ground" option—it doesn’t lead in any single category but avoids the pitfalls of being an outlier, which can appeal to those seeking a straightforward, lower-risk purchase in a mature area.

This home would best suit first-time buyers or practical downsizers looking for a no-surprises, move-in-ready property in a long-established Winnipeg neighbourhood. It’s also a sensible fit for value-oriented investors seeking a rental property with stable, average valuations in a consistent area.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,040 sq ft, the living area is above average for Woodydell Avenue itself but is very close to the average size for the broader Meadowood neighbourhood. It is a comfortably sized home for the area.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value ($373,000) is a municipal calculation for tax purposes. Notably, it is around the median for the street, neighbourhood, and city. The last recorded sale was in the $300k-$350k range in 2023. Market conditions will determine the final price, but the assessment suggests it is not an unusually high or low-valued property.

3. What does the "below average" year built ranking for Meadowood mean?
While the home (built 1973) is newer than many on its street, it is older than the average home in the wider Meadowood area. This simply indicates that some parts of the neighbourhood have more recent construction, but a 1973 build is still very common for Winnipeg.

4. Can I get the exact historical sale price?
The public data shows a sold price range. The listing service offers to provide the exact sale price from its records via a manual email request, which they aim to fulfill by the end of the same business day.

5. How does the lot size impact potential for expansion or renovation?
The lot of 5,199 sq ft is typical for the street and area. It is not among the largest, but it is not constrained either. Any future expansion (like an addition or garage) would need to comply with zoning bylaws, but the lot provides a standard canvas for the neighbourhood.