22 Woodfield Bay

Property Overview: 22 Woodfield Bay, Elmhurst

Section 1: Key Characteristics & Appeal

This well-maintained, one-storey home in Elmhurst offers practical living in a mature, established neighbourhood. Its key features include a fully finished basement, an attached garage, and a generous 5,564 sqft lot, providing ample outdoor space. Built in 1981, the home presents a solid, no-fuss layout with 1,000 sqft of living space above grade.

The primary appeal lies in its balance of space, location, and value. It ranks highly within its immediate street for lot size and age, suggesting a well-regarded pocket of the community. The finished basement immediately adds functional living or recreational space. This property is ideally suited for first-time buyers seeking a move-in-ready home with room to grow, downsizers looking for single-level living without sacrificing yard space, or pragmatic investors attracted by a stable rental area with a history of steady value.

A less obvious perspective is its potential in a market that increasingly values efficient use of space over sheer size. The manageable footprint can mean lower utility costs and easier maintenance, while the large lot offers a private outdoor retreat—a combination that resonates with buyers seeking both simplicity and space.

Section 2: Frequently Asked Questions

1. How does this home compare to others in the area?
The data shows it holds its own well on its specific street, ranking in the top 22% for age (newer than 78% of neighbours) and top 12% for lot size. Its overall assessed value is above average for the street but sits around the middle for the broader Elmhurst community.

2. What is the neighbourhood like?
Elmhurst is a mature, established neighbourhood in Winnipeg. The rankings indicate a mix of older and newer homes, with this property being on the newer side for the street. The large lot is a typical feature, offering a sense of space and privacy.

3. Has the property appreciated in value?
Based on the last recorded sale in August 2019 for $357,000 and the current assessed value of $412,000, it indicates a trend of increased value. It's important to note that assessed value is for taxation purposes and a professional appraisal or market analysis would determine the current market value.

4. Is the 1,000 sqft living area sufficient?
The above-grade square footage is compact, which suits efficient living. However, the fully finished basement significantly expands the usable living space, making the total functional area much larger than the main floor footprint suggests.

5. What are the typical maintenance considerations for a home of this age?
As a home built in 1981, major systems like the roof, windows, furnace, and plumbing are likely at or entering stages where updates or replacements may be planned for. A thorough home inspection is recommended to assess the condition and timeline for any upcoming investments.