46 Woodview Bay

Property Overview: 46 Woodview Bay, Winnipeg

Key Characteristics & Appeal

This well-established 1,320 sqft bungalow in Elmhurst offers a practical and comfortable living layout on a spacious 5,407 sqft lot. Built in 1983, its key features include a fully finished basement and an attached garage. The home's primary appeal lies in its efficient single-story design—ideal for easy living—combined with a generous, private yard that provides ample outdoor space for gardening, play, or relaxation. Its assessment value ranks solidly above average for the city, suggesting good inherent value.

The property is particularly well-suited for first-time buyers seeking a move-in-ready home with room to grow, or for downsizers looking for manageable single-level living without sacrificing yard space. A less obvious advantage is its "vintage" from the early 1980s; homes from this era often feature simpler, more robust construction and floor plans that are easier to modernize compared to much older stock. While it doesn't have standout luxury features like a pool, its strength is in offering dependable fundamentals in a mature neighbourhood.

Frequently Asked Questions

1. How does the age of the home (1983) affect it?
While 43 years old, the home is newer than most in its immediate area (ranking in the top 2% on its street for age). This era typically means modern wiring standards and efficient insulation compared to mid-century homes, though buyers should still expect age-appropriate updates over time.

2. Is the finished basement included in the 1,320 sqft living area?
Typically, the listed living area refers to above-ground, heated space. The fully finished basement is an additional area, adding significant functional square footage to the property.

3. What do the ranking percentages mean for value?
They show how this property compares to others in the area for metrics like size, age, and assessed value. For example, ranking "top 26%" for assessment value in Winnipeg indicates it is valued higher than 74% of city homes, which can be a positive signal for its market position and equity.

4. Who would this neighbourhood (Elmhurst) appeal to?
Elmhurst is a mature, established community. It appeals to those seeking stability, larger lot sizes, and a quiet residential feel rather than a brand-new suburban development. Its rankings show a mix of older and newer homes, creating a varied streetscape.

5. What is the potential here for future resale?
The combination of a desirable bungalow style, a large lot, and a finished basement provides a strong, flexible foundation. Future appeal will likely be driven by these enduring features, along with any updates made to kitchens and bathrooms. The above-average assessment provides a stable value baseline.