22 Woodchester Bay

Property Overview

This 1983-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key appeal lies in a well-balanced combination of space, location, and value. The 1,442 sqft layout includes a finished basement, providing flexible living or storage space, and is complemented by an attached garage. The property sits on a large 5,249 sqft lot, offering ample outdoor potential.

Its standout characteristic is its relative modernity within its immediate area—it is newer than 97% of homes on its street. This suggests updated infrastructure compared to many neighbours. The home’s rankings indicate a solid middle-ground position: it offers more living space and a higher assessed value than most homes across Winnipeg, yet remains affordably positioned within its own community. This creates a value proposition for buyers seeking a established, quiet neighbourhood without the premium price tag of newer subdivisions.

This home would suit first-time buyers or downsizers looking for single-level living without sacrificing yard space. It’s also a pragmatic choice for value-focused buyers who appreciate a home that is competitively newer than its immediate peers, potentially reducing immediate renovation needs.

Frequently Asked Questions

1. What does the "newer than 97% of homes on its street" ranking mean practically?
It indicates that core components like plumbing, electrical, and the roof are likely from a more recent era than most houses on the block, which can mean greater reliability and lower near-term replacement costs compared to much older homes.

2. The community ranking for size is lower; is the area crowded or the lot small?
Not at all. The lot is very large at over 5,200 sqft. The lower ranking reflects that the Elmhurst area contains many larger, two-storey homes. This property offers one-storey living on a big lot, which is a specific and desirable combination.

3. How does the finished basement add value?
It immediately expands usable living space for recreation, a home office, or guest accommodation without the need for a costly renovation, adding functional square footage beyond the main floor.

4. Is the assessed value a reliable indicator of the listing price?
The assessed value is for municipal tax purposes. While it’s a useful benchmark showing the home is valued in the top 30% city-wide, the market price is set by current conditions, recent sales, and the home’s specific features.

5. Who might this property not suit?
Buyers seeking a brand-new, move-in perfect home or those needing a very large main-floor footprint may find it less ideal. It’s a home for those who see value in a solid foundation and a large yard, with room to personalize over time.