Property Summary: 186 Woodhaven Crescent

Key Characteristics & Buyer Profile

This is a 1,530 sqft home built in 1981, sitting on a 7,494 sqft lot. Its strongest feature is the living space: it’s larger than average compared to other homes across Winnipeg (top 29% citywide), and sits comfortably within the middle range for its own street and neighbourhood. The assessed value of $473,000 reflects that it’s seen as above-average in its immediate area—ranking in the top quarter locally—and also holds up well citywide.

What’s less obvious is the trade-off between the house itself and the land. The lot is comparatively small for Woodhaven Crescent and the broader Woodhaven area (ranking in the bottom quarter on that street), but it’s actually larger than the citywide average. So you’re getting a solidly sized home on a moderately sized lot—not sprawling grounds, but not cramped either. The build year (1981) is notably newer than most homes on the street and in the neighbourhood, where the average is mid-century or older. That means fewer headaches with outdated wiring, plumbing, or foundation issues, and a floor plan that likely feels more open than a house from the 1940s or 1950s.

This property would suit buyers who want a move-in-ready, straightforward home in an established Winnipeg neighbourhood, without paying a premium for a massive yard or a character renovation project. It’s a pragmatic choice for a family or couple who values modern living space and doesn’t need land as a primary feature. It also appeals to someone who wants a newer build in an older, tree-lined area—something that’s not easy to find.

Frequently Asked Questions

1. How does this home compare to others on Woodhaven Crescent?
   It’s slightly above average in size (1,530 sqft vs. the street’s average of 1,494 sqft) and assessed value ($473K vs. $385K), and it’s much newer than the street average (1981 vs. 1946). The lot is noticeably smaller than the street average (7,494 sqft vs. 9,759 sqft).

2. Is the lot size a disadvantage?
   It depends on your priorities. The lot is below average for the street and neighbourhood, so you won’t have the largest yard on the block. But it’s still larger than the citywide average (6,570 sqft), so for most Winnipeg buyers it’s a solid, usable size—just not oversized.

3. Why is the assessed value higher than the street average if the lot is smaller?
   Assessed value reflects more than just land—it accounts for the house itself. This home was built much more recently than most on the street, which generally means better condition, modern systems, and a layout that buyers prefer. The combination of a newer, well-sized house in a desirable area drives the value up.

4. How old is the home, and does it need major updates?
   Built in 1981, it’s roughly 40+ years old. That puts it in a sweet spot: it’s modern enough to avoid the major renovation needs of a 1940s home (e.g., knob-and-tube wiring, lead pipes, asbestos), but old enough that you may want to budget for updates to kitchen, bathrooms, or windows if they haven’t been done recently.

5. What does “top 29% citywide for living area” really mean?
   It means that out of nearly 200,000 residential properties in Winnipeg, this home’s living space is larger than about 71% of them. It’s not a massive house, but it’s clearly above average for the city—a good sign if you want generous room without paying for a full-sized estate.