95 Woodview Bay

Property Summary: 95 Woodview Bay, Elmhurst, Winnipeg

Key Characteristics & Appeal

This is a well-established, two-storey family home in the Elmhurst neighbourhood, built in 1982. It sits on a generous 6,583 sqft lot, offering ample outdoor space, and features a finished basement and an attached garage. With 1,308 sqft of living space, it provides practical room for daily life.

Its primary appeal lies in its balanced position within a mature community. The property doesn't lead in any single category but performs solidly across the board, particularly in its lot size and overall value ranking for Winnipeg. It outperforms 79% of all city homes for lot size and 69% for assessed value, suggesting a property that offers good space and perceived value for money relative to the broader market. This is a home for buyers seeking a settled neighbourhood character, a sizable yard, and a move-in-ready foundation without the premium of a new build. It would suit first-time buyers looking for a substantial starter home, downsizers wanting a manageable house with room for a garden, or investors attracted to a stable, income-generating property in a consistent area.

Frequently Asked Questions

1. How does the age of the home (44 years) affect its appeal?
While not new, the home's age is typical for the area and is reflected in its mid-range rankings for age within its community and city. This suggests major systems may be at varying stages of their lifecycle, so a thorough inspection is advised, but it also means the home is part of a mature streetscape with established landscaping.

2. The living space is ranked lower than the lot size. What does this mean?
The home ranks higher for its lot size (top 21% in Winnipeg) than for its interior square footage (top 38%). This indicates the property's strength is its outdoor space. Buyers who prioritize a large yard over a sprawling interior will find value here.

3. What do the community rankings tell us about the location?
Ranking in the top 57% for lot size but only the top 59% for value within Elmhurst suggests the home is competitively positioned in its immediate area. It's not the largest or most expensive on the block, which can be an advantage for finding a good balance of space and affordability in a desirable neighbourhood.

4. Is the assessed value a reliable indicator of the selling price?
The assessed value of $417,000 is for municipal tax purposes and is a data point. It indicates the home is valued above average for Winnipeg (top 31%). However, the final sale price is determined by the current market, condition, and buyer demand.

5. What is the significance of having a finished basement?
A finished basement immediately adds functional living space without increasing the home's official footprint. It provides flexibility for a recreation room, home office, or additional storage, which is a significant practical benefit for families.