167 Woodfield Bay

Property Overview: 167 Woodfield Bay

Key Characteristics & Appeal

This 1982-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous 5,498 sqft lot. Its key features include 1,320 sqft of living area, an attached garage, and an unfinished basement providing storage or future expansion potential. The home’s appeal lies in its well-balanced profile: it’s a move-in ready bungalow on a sizable lot in an established neighborhood. The data suggests it’s a solid, middle-of-the-road property for its area, not a standout in size or recent updates, but notably newer than most on its street.

It would suit first-time buyers or downsizers seeking single-level living without a premium price tag, and value-conscious buyers who see potential in the unfinished basement and appreciate the above-average lot size for future projects or outdoor space. A thoughtful perspective is that while its rankings within the broader community are moderate, its street-level rankings are strong for age and lot size, indicating it sits on a desirable block of older, well-kept homes—a sign of neighborhood stability often not captured in high-level metrics.

Frequently Asked Questions

1. What is the true condition of the home given its age?
Built in 1982, the home is 44 years old. Prospective buyers should budget for updates to aging components typical for this era, such as roofing, windows, or major systems. Its excellent "age" ranking on its street (newer than 99% of neighbors) is positive, but a thorough inspection is essential.

2. How does the unfinished basement affect value and utility?
The basement adds valuable storage space and presents a clear opportunity for future customization, such as creating a recreation room or additional bedrooms. This can be a cost-effective way to increase living space compared to buying a larger finished home, but requires an upfront investment.

3. Are the property taxes in line with the assessed value?
The current municipal assessment is $413,000. Taxes can be estimated based on this value and the City of Winnipeg's mill rate. The last known sale was in July 2019 for $391,000, so the assessment appears reasonably aligned with recent market activity.

4. What does the lot size mean for me?
At nearly 5,500 sqft, the lot is larger than many in urban Winnipeg. This allows for a more spacious backyard, potential for gardening, sheds, or play areas, and provides better privacy and spacing from neighbors than newer, denser subdivisions.

5. How does this home compare to others in Elmhurst?
The data shows this home is competitive in terms of age and lot size but is around average for living space and assessed value within the wider Elmhurst community. This suggests it’s a standard, well-located property for the area rather than a premium or fixer-upper opportunity.