Key Characteristics & Buyer Profile

This is a 1,092 sqft home built in 1955 on a sizeable 7,836 sqft lot in Woodhaven, Winnipeg. Its main appeal lies in the land, not the house. The lot is significantly larger than the citywide average (top 12% for size), making it a strong candidate for buyers who value outdoor space, gardening, or future expansion potential. The house itself is modest in square footage—below average for its street and neighbourhood—and its assessed value of $308k reflects that, coming in below local averages. However, the structure is older and well-established: it’s one of the newer homes on its street (built 1955 vs. a street average of 1946), which may mean fewer immediate structural surprises compared to neighbouring properties.

The property would suit a buyer who is land-focused rather than house-focused. It’s ideal for someone willing to renovate, add on, or simply enjoy a large private yard without paying a premium for an updated interior. It’s less suited to someone wanting a turnkey home or maximum square footage for the price. The citywide value being around average suggests it’s fairly priced for what it is, but the local neighbourhood assessment is below average, meaning you’re getting less house than what’s typical for Woodhaven—balanced by the lot.

Frequently Asked Questions

1. Why is the assessed value below the neighbourhood average?
The home’s living area (1,092 sqft) is smaller than the Woodhaven average (1,505 sqft), and the value reflects this. The larger lot doesn’t fully offset the smaller house in the assessment, though it still contributes to the property’s overall potential.

2. Can I build an addition on this lot?
At 7,836 sqft, the lot offers more space than most city properties. Zoning and setback rules will apply, but the land size relative to the house leaves clear room for expansion. A local contractor or planning department check is advisable before assuming feasibility.

3. How does the age of the home compare to others nearby?
The house was built in 1955, which is newer than the street average of 1946. In the wider neighbourhood, it’s around the median. That means it’s not the oldest on the block, but still qualifies as a mid-century home with typical considerations like original wiring, plumbing, or insulation.

4. Is this a good investment property?
That depends on your strategy. For a flip, the below-average interior condition (implied by the low value) could offer upside if you can improve the living space. For a rental, the large lot and modest house may appeal to tenants wanting yard space, but the lower square footage may limit rental income compared to larger homes nearby.

5. How does the living area compare to other homes in Winnipeg overall?
It sits right around the citywide average of 1,342 sqft—neither small nor large by city standards. The difference is that in Woodhaven, this size is uncommon; most homes in the neighbourhood are larger. So you’re getting a city-average-sized house in a neighbourhood where houses tend to be bigger.