Property Overview: 111 Woodchester Bay

Key Characteristics & Appeal

This 1983-built, one-storey bungalow in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key features include a fully finished basement, an attached garage, and 1,090 sqft of living space. The home’s primary appeal lies in its balance of established neighborhood character and relative modernity within its local context. While the interior space is modest compared to some area homes, it ranks as newer than approximately 65% of all Winnipeg houses, suggesting well-considered updates and less immediate concern for major age-related replacements. The nearly 5,000 sqft lot provides ample outdoor space for gardening or recreation.

The property would suit first-time buyers seeking a manageable, single-level layout in a stable neighborhood, or downsizers looking for a low-maintenance bungalow with a finished basement for family visits or hobbies. Its 2022 sale price indicates it has been a desirable, competitive property in the recent market. A thoughtful perspective is that this home represents an opportunity in the "middle ground"—it’s not the largest or smallest on the block, but offers a newer build year than most in the wider city, which can be a smart compromise for buyers prioritizing modern infrastructure over sheer square footage.

Frequently Asked Questions

1. How does this home compare to others in the immediate area?
Based on the data, this home is newer than 97% of houses on its street and sits on a larger-than-average lot. Its living space is more compact than many neighbors', but its recent sale price history suggests it holds strong market value on the block.

2. What do the rankings for "Assessment Value" and "Last Sale Price" indicate?
The assessment value ($409,000) ranks higher than about two-thirds of Winnipeg homes, while the 2022 sale price ($461,000) ranked even higher (top 24%). This suggests the market has recently valued this specific property above its assessed value, which is common for well-maintained homes in desirable locations.

3. Is the finished basement included in the 1,090 sqft living area?
Typically, the listed "Living Area" refers to above-grade, finished space. The fully finished basement is an additional asset, providing extra usable rooms or recreational space not reflected in that main square footage figure.

4. What might the "middle-of-the-pack" rankings for community living area mean?
Ranking in the 79th percentile for living area within Elmhurst means this home is smaller than about 21% of community homes but larger than 79% of them. It indicates a comfortably average-sized home for the area, not a standout in either direction, which can mean easier resale to the typical buyer in the neighborhood.

5. Does the 43-year-old build year mean significant updates are needed?
Not necessarily. The fact that it's newer than 65% of Winnipeg homes suggests many systems may have been updated over time. A key focus for a buyer should be the age and condition of major components like the roof, windows, and HVAC, which would be clarified during a professional home inspection.