47 Woodview Bay

Property Overview: 47 Woodview Bay, Winnipeg

Key Characteristics & Appeal

This 1983-built, one-storey home in Elmhurst offers a practical layout with 1,120 sqft of living space and a finished basement, situated on a generous 5,048 sqft lot. Its key appeal lies in its established neighborhood setting and its relative value within the broader Winnipeg market. The data reveals a home that is notably newer than most on its street and in the city overall, yet it presents a more affordable assessed value than a majority of comparable Winnipeg properties. It features an attached garage and a fully finished basement, adding functional space.

This property would suit a first-time homebuyer, a downsizer, or an investor looking for a manageable, single-level home in a mature area. Its appeal is for those who prioritize a larger lot and a home that is newer than its immediate neighbors, over having the most square footage. A thoughtful perspective is that while its size ranking within the neighborhood is modest, its high ranking for age suggests it may require less immediate major upkeep than older peers, offering a balance of character and practicality.

Frequently Asked Questions

1. How does this home compare to others in the area?
The home is newer than 98% of houses on its street and 65% across Winnipeg, but its living space is smaller than about 70% of homes in its immediate neighborhood. It offers a balance of a relatively modern build on a good-sized lot.

2. What does the assessment value tell me?
The municipal assessment of $386,000 is lower than approximately 62% of all Winnipeg homes, which may indicate a value-oriented entry point into the Elmhurst area, but it is not atypical for the specific street.

3. Is the basement included in the living area?
No, the listed 1,120 sqft is the above-ground living area. The finished basement provides additional, flexible space that is not counted in that official square footage.

4. What might the rankings mean for future resale?
The home's age is a strong asset on its street, but its above-average lot size and below-average living area for the neighborhood suggest its appeal may be to buyers specifically seeking a manageable single-level home with outdoor space rather than maximum interior size.

5. Who might this property not suit?
Buyers needing extensive above-grade square footage, modern open-concept layouts, or those who prioritize being in a top-ranked home for size within the community may find this property too compact. It is best for those comfortable with a home of average interior size for Winnipeg that excels in lot size and relative build year on its block.