107 Woodview Bay

Property Overview: 107 Woodview Bay, Elmhurst, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, privacy, and recreational amenities. Its key characteristics include a generous 2,040 sqft of living space, a fully finished basement, an in-ground swimming pool, and a sizable 9,058 sqft lot. Built in 1982, the home is situated in a mature neighbourhood with a clear sense of permanence and greenery.

The appeal lies in its rare combination of size, land, and features within the city. The property ranks in the top tier locally for both its living area and lot size, offering a private backyard oasis with the pool as a central feature—a rarity that provides immediate summer enjoyment and entertainment potential. Beyond the obvious, its high assessment value ranking suggests it is perceived as a substantial and above-average property within its market area, which can be a marker of stability and desirability.

This home would ideally suit a family or multi-generational household looking for move-in-ready space for gathering and recreation without needing to venture to the city's outskirts. It also appeals to buyers who value established neighbourhoods with larger lot sizes over newer, more densely packed subdivisions. The pool, while a major benefit, means it best suits those prepared for the associated maintenance and safety considerations.

Section 2: Frequently Asked Questions

1. What is the neighbourhood of Elmhurst like?
Elmhurst is a mature, family-oriented neighbourhood in Winnipeg known for its spacious lots, tree-lined streets, and a mix of well-kept older homes. It offers a quiet, residential feel while remaining within reasonable access to city amenities.

2. Are there any major concerns with a home built in the 1980s?
While the home appears well-maintained, a thorough inspection is crucial. Key focuses for a home of this age would include the condition of the roof, windows, original plumbing and electrical systems, and the foundation. The pool equipment and decking also require specific evaluation.

3. How does the pool impact insurance and utility costs?
A swimming pool typically increases annual homeowner's insurance premiums due to liability risk. Utility costs, particularly for water and electricity (to run the pump), will also be higher during the operating season, which should be factored into the annual budget.

4. The lot is large, but how is the outdoor space configured?
With over 9,000 sqft, the lot provides significant private space. The presence of a pool will dictate much of the backyard layout. Prospective buyers should consider how the remaining yard space meets their needs for gardening, play, or pets, and where key features like sheds or patios are located.

5. The home's assessed value has risen significantly since its 2017 purchase. What does this mean?
The increase reflects market-wide appreciation and the property's high ranking relative to others. While a high assessment is a positive indicator of value, it does not directly dictate market selling price. It is, however, a strong data point showing the property's substantial growth and standing in the area.