50 Woodview Bay

Property Overview

This two-storey home in Elmhurst offers a practical and comfortable living space with notable advantages in its established neighbourhood. Built in 1983, its key appeal lies in its above-average living space (1,620 sqft) and generous, mature lot (5,395 sqft), providing room both inside and out. The home features a finished basement and an attached garage. Its standout characteristic is its relative modernity compared to its immediate surroundings; it ranks newer than 98% of other homes on Woodview Bay, suggesting a well-placed property among older peers. The appeal is grounded in space, established charm, and a solid positional value within the city, ranking above average in Winnipeg for size, age, and assessed value. This property would suit buyers looking for a move-in-ready family home in a quiet, mature area without the premium of a brand-new build, or those who value a larger lot for gardening or outdoor activities.

Frequently Asked Questions

1. What does the "ranking" data actually mean for a buyer?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, being newer than 98% of homes on its street is a significant advantage, suggesting potentially fewer immediate major repairs compared to neighbouring houses.

2. Is the finished basement included in the 1,620 sqft living area?
Typically, "living area" refers to above-grade square footage. The finished basement is an additional space, adding functional rooms without increasing the official living area calculation, which is a bonus for usable space.

3. The home ranks higher for size and age than for overall community value. Why might that be?
This can be common in established, diverse neighbourhoods. It indicates the home itself is a strong performer, but the overall community ranking may include a wide variety of property types and values. It suggests the home is a competitive asset within its area.

4. What is the significance of a 5,395 sqft lot in this area?
In an older neighbourhood like Elmhurst, a lot of this size is a substantial asset. It offers more privacy, yard space, and potential than many standard lots, which is increasingly valuable and harder to find in mature communities.

5. How should the 1983 build year factor into my decision?
Homes from this era often benefit from modernized wiring and standards compared to mid-century builds, while still featuring durable construction. It's wise to focus inspection on era-specific items like original roof lifespan, window updates, and the condition of the heating/cooling systems, which may be nearing their service life.