159 Woodhaven Boulevard

Property Overview & Key Characteristics

This one-and-a-half storey home on a large, 6,709 sqft lot in Woodhaven presents a classic Winnipeg opportunity. Built in 1920, its key appeal lies in its established neighbourhood setting and significant lot size, which ranks in the top 4% on its street. The home itself offers 1,673 sqft of living space and features a detached garage and a basement (not renovated). It recently sold in September 2024 for $330k, a notable figure above its assessed value, indicating strong buyer interest.

The property suits buyers looking for a character home with ample outdoor space in a mature area. Its appeal is for those comfortable with a home of this era, seeing potential in the existing structure and the valuable land it sits on. It’s less suited for someone seeking a modern, turn-key property without renovation projects. A thoughtful perspective is that while the home’s interior metrics rank moderately within the city, the lot size is a standout, long-term asset, offering privacy and potential not easily found in newer subdivisions.

Frequently Asked Questions

1. What does “not renovated” for the basement imply?
It typically means the basement is in original or functional condition, but not updated with modern finishes. Buyers should budget for potential updates to suit their needs.

2. How significant is the lot size?
At over 6,700 sqft, the lot is substantially larger than many in Winnipeg. This offers more privacy, yard space, and future potential, which is a key differentiator for this property.

3. Why was the sale price so much higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the market. The sale price reflects what buyers were willing to pay, likely influenced by the desirable lot and neighbourhood demand.

4. What should I consider about a home built in 1920?
While offering character, it’s essential to factor in the maintenance and updating typical for a century-old home, including potential updates to systems like wiring, plumbing, and insulation.

5. How does this neighbourhood, Woodhaven, compare?
The rankings show this property sits in a well-regarded spot within Woodhaven itself (top 12% for lot size). It’s an established area, offering stability and mature landscaping compared to newer developments.