145 Woodview Bay

Property Overview

This 1982-built, one-storey home on a generous 5,241 sqft lot in Elmhurst offers a practical and affordable entry into Winnipeg's housing market. Its key appeal lies in its simplicity and space: a fully finished basement adds valuable living area to the 1,120 sqft main floor, creating a functional layout ideal for small families, first-time buyers, or downsizers. The large, private lot presents a significant opportunity for gardening, outdoor enjoyment, or future expansion, a notable asset in an established neighbourhood.

While not featuring modern luxuries like a garage or pool, the home’s value is grounded in its solid fundamentals. It suits buyers looking for a low-maintenance, single-level living space without a complex renovation project, who prioritize land size and functional interior space over turn-key contemporary finishes. The property’s assessment and size rankings suggest it offers a balanced proposition—not the largest or newest on the block, but positioned comfortably within the middle range of the local market, potentially representing a sensible, long-term hold in a mature community.

Frequently Asked Questions

1. How does the finished basement affect the living space?
The finished basement effectively doubles the usable living area beyond the main floor’s 1,120 sqft. This is a major functional benefit, providing space for additional bedrooms, a family room, or a dedicated hobby area, which is a key advantage for the home's overall footprint.

2. What are the implications of not having a garage?
Buyers should plan for alternative parking and storage solutions. This may mean budgeting for the construction of a shed or a future garage, or simply being comfortable with street parking. For some, this trade-off is acceptable given the larger lot size that could accommodate such an addition.

3. The home is 44 years old. What should I be mindful of?
As with any home of this age, essential systems like the roof, windows, plumbing, and electrical should be carefully inspected. The upside is that many original components in a 1980s build are potentially simpler and more standardized to repair or update than in older heritage properties.

4. The lot is large, but how is the neighbourhood's relative ranking?
The property ranks in the top half for lot size on its street, offering good privacy. However, broader community rankings for size and value are more moderate. This suggests you're purchasing a solid, average property within Elmhurst rather than a standout, which is reflected in its accessible price point.

5. Who would this property NOT be suited for?
It would likely not suit buyers seeking a modern, move-in-ready home with premium amenities, or those requiring attached garage parking. It’s also less ideal for investors looking for a high-renovation flip, as its value appears to be more in its existing condition and land.