159 Woodfield Bay

Property Summary: 159 Woodfield Bay

Section 1: Key Characteristics & Appeal

This 1982-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous 5,497 sqft lot. Its key features include 1,320 sqft of living space, a finished basement, and an attached garage. The home’s primary appeal lies in its established, quiet neighbourhood and its notably well-maintained condition for its age—it ranks newer than 99% of homes on its own street. The large lot provides ample outdoor space for gardening, play, or future expansion.

This property would suit first-time buyers or downsizers seeking a manageable single-level layout without the upkeep of a larger property. It also appeals to value-conscious buyers looking for a home with solid fundamentals in a mature area, where the land itself represents a significant portion of the value. A thoughtful perspective is that while its interior size is modest relative to the lot, this presents a potential long-term opportunity for renovations or an addition, given the favourable space.

Section 2: Frequently Asked Questions

1. How does this home’s condition compare to others of a similar age?
The data indicates it is in better-than-average condition for its era, ranking newer than 64% of all homes in Winnipeg. This suggests it has been reasonably maintained or updated over time.

2. Is the price in line with the neighbourhood?
The current assessed value is higher than 59% of homes on its street and 39% in Elmhurst, positioning it in the mid-to-upper range for the immediate area but below the top tier for the community.

3. What does the lot size offer?
At nearly 5,500 sqft, the lot is larger than average, providing excellent private outdoor space. This is a key asset, as land of this size is less common in established neighbourhoods.

4. How has the property’s value changed?
It was last purchased in 2016 for $323,000. The current assessment of $413,000 reflects market appreciation over the past eight years, consistent with broader trends in the Winnipeg market during that period.

5. Who might this home not suit?
Buyers seeking a modern, open-concept layout or extensive recent renovations may find this property requires some updating. It may also be less ideal for those needing substantial above-grade square footage, as the living space is efficiently configured rather than expansive.