83 Woodview Bay

Property Summary: 83 Woodview Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This 1983-built, four-level split home offers a practical layout with 1,780 sqft of living space on a generous 5,062 sqft lot. Its key appeal lies in its relative size and value within the established Elmhurst neighbourhood. The home ranks highly for its above-average living area and newer construction year compared to most houses on its street and across Winnipeg. It features an unfinished basement, providing a blank canvas for future expansion or storage, but has no garage or pool.

The property would suit first-time buyers or growing families seeking space in a mature community without a premium price tag. Its strong rankings for size and age suggest it's a "larger-than-average" home for the immediate area, offering good interior space for the investment. A thoughtful perspective is that the unfinished basement and lack of garage present both a cost-saving at purchase and an opportunity for customization, allowing buyers to add value according to their specific needs and budget over time.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 8%" for living area on its street means 92% of houses on Woodview Bay are smaller. It indicates where the home's strengths (like size and age) lie relative to the market.

2. Is the lack of a garage a significant drawback?
It depends on your needs. While it saves on upfront cost and property taxes, it requires considering street parking or the potential cost of adding a garage or carport later. For some buyers, the larger lot size could accommodate one.

3. What are the implications of the unfinished basement?
It lowers the immediate living space but offers future potential. You'll need to budget for finishing costs if you want additional rooms, but you avoid paying a premium for someone else's layout choices and can tailor it to your needs.

4. How does the 1983 build year affect the home?
Built 43 years ago, it places the home in a period where modern standards were largely in place, but major components like the roof, windows, or furnace may be due for inspection or replacement soon, which is a standard consideration for homes of this age.

5. The assessment is $417,000. Is that the sale price?
No, the municipal property tax assessment is not the sale price. It's used to calculate annual taxes. The actual sale price is determined by the current market and will be listed separately by the seller.