Property Overview: 14 Woodfield Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This well-established Elmhurst bungalow presents a practical and comfortable living opportunity. Built in 1981, its key features include a fully finished basement, an attached garage, and a generous 5,496 sqft lot. With 1,320 sqft of living space, the home offers a manageable single-level layout. Its appeal lies in a combination of space, location, and evident value retention. The property sits on a large lot in a mature neighbourhood, offering room and privacy often harder to find in newer subdivisions. The data suggests a strong performance; it commands an assessed value in the top 6% of its street and has a 2021 sale price that was in the top 1% for the street at the time, indicating it has been a desirable asset within its immediate area.

This home would suit first-time buyers looking for a move-in-ready property with a finished basement for extra flexibility, or downsizers seeking single-level living without sacrificing yard space. It also appeals to the value-conscious buyer who appreciates mature trees, established communities, and a home with a track record of holding its worth relative to its peers.

Frequently Asked Questions

1. How does this home really compare to others in the area?
The provided rankings offer a clear snapshot. This home ranks highly, especially in value. Its assessed value is greater than 94% of homes on its street, and its previous sale price outperformed 99% of street comparables. This indicates it's consistently been a top-tier property on Woodfield Bay in terms of market price.

2. Is the 1981 build year a concern?
While not new, the home is from an era of solid construction. The ranking shows it's newer than 78% of homes on its street, meaning the immediate area features even older properties. A thorough inspection is always advised, but the age is typical and competitive for the mature Elmhurst neighbourhood.

3. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the details. This should be a key point of inquiry to understand the layout, ceiling height, legal egress, and whether it includes a bathroom or separate entrance, as these factors significantly impact its utility and value.

4. The lot is large, but what is it like?
At nearly 5,500 sqft, the lot is a significant asset. The size offers ample backyard space for gardening, play, or entertaining. In a mature neighbourhood like Elmhurst, this much private outdoor space is a considerable advantage over newer, denser developments.

5. Why are the community rankings lower than the street rankings?
This is a thoughtful observation. The home ranks very well on its own street but is outperformed by more homes when compared to the entire Elmhurst community. This often happens on a street of uniformly desirable properties. It suggests Woodfield Bay itself is a high-performing street within the broader, and likely more diverse, community of Elmhurst.