115 Woodchester Bay

Property Summary: 115 Woodchester Bay

Key Characteristics & Appeal

This 1983-built, one-storey home in Elmhurst offers a practical, single-level layout with 1,024 sqft of living space on a generous 4,904 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established, low-maintenance design and a location that balances quiet neighborhood living with city accessibility. While the home's size and assessed value rank it as a more modest option within its immediate area, it shows notable strength in its relative newness for the street, being newer than 97% of neighboring houses. This suggests a well-kept property in a mature setting.

It would suit first-time buyers, downsizers, or investors seeking a straightforward, entry-level home in a stable neighborhood. The large lot offers potential for gardening or future expansion, appealing to those who value outdoor space over a large interior footprint. Its competitive ranking for age indicates a property that may have seen updates or requires less immediate major repair than older peers, a practical advantage that isn't always obvious at first glance.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
While its living space and total value are modest for the specific street and Elmhurst community, it stands out for being significantly newer than most homes on its block. This often translates to newer major components (like roofing or windows) and a more modern foundation compared to much older neighboring properties.

2. Is the finished basement included in the 1,024 sqft living area?
No, the 1,024 sqft refers to the above-ground living space. The fully finished basement provides additional usable square footage, effectively increasing the home's functional size.

3. What do the rankings actually mean for a buyer?
They show the property's competitive position. For example, ranking "in the top 35%" for age in Winnipeg means it's newer than 65% of city homes—a positive for maintenance. Conversely, ranking in the "top 68%" for size means it's smaller than about one-third of Winnipeg homes, confirming its compact, manageable scale.

4. Who might find the lot size particularly valuable?
The nearly 5,000 sqft lot is a key asset for those interested in outdoor space, gardening, pets, or future projects like a shed or deck. It offers a proportionally larger yard than is typical for many newer homes, which is a trade-off for the smaller interior.

5. Does a lower assessment value relative to the neighborhood suggest an issue?
Not necessarily. It primarily reflects the home's more compact size and the assessed values of surrounding properties. It can indicate a potentially lower property tax burden and may represent a more accessible price point for entering a desirable community like Elmhurst.