Property Summary: 78 Woodford Bay, Winnipeg

Key Characteristics & Appeal

This home at 78 Woodford Bay in Meadowood is a study in solid, grounded value. Built in 1973, it stands out on its street as one of the newest homes (ranking in the top 3%), which can be a significant advantage for maintenance and system updates. The 916 sqft living space is practical and in line with other homes on Woodford Bay, though more compact compared to broader area averages. Its true standout feature is the generous 6,192 sqft lot, which is above average for both the immediate neighbourhood and the city, offering valuable outdoor space and potential.

The appeal here lies in its balance and established setting. The assessed value is consistently around the average mark at every comparison level—street, neighbourhood, and city—suggesting a fair and stable market position without premium pricing. This isn't a flashy property, but a fundamentally sound one. It would suit a first-time buyer or downsizer looking for a manageable home with a larger-than-typical yard in a mature neighbourhood, or an investor seeking a straightforward, average-priced asset with a clear value proposition.

Frequently Asked Questions

1. What does it mean that the home is "Elite" for year built on its street?
This indicates that, among the 34 comparable homes on Woodford Bay, 78 Woodford Bay is the newest or among the very newest (ranked #1). In a neighbourhood of homes primarily built in the 1970s, a 1973 build date is a relative advantage, potentially meaning fewer age-related issues.

2. The living area is noted as "below average" for the city. How significant is this?
The home's living space (916 sqft) is smaller than the Winnipeg average (~1,342 sqft). This reflects its efficient, likely bungalow or similar style. It's a trade-off: you get more land but less interior space than a typical city home, which aligns with a preference for outdoor room or a simpler footprint.

3. The assessed value seems very low compared to the city-wide "average" of $390k. Why?
The "$390k city-wide avg" listed appears to be a data discrepancy or error in the source material. The meaningful comparisons are the direct ones: the home's $37.50k assessment is consistently around the average of its comparable peer groups on the street ($37.80k avg) and in Meadowood ($37.60k avg).

4. How should I interpret the lot size being "above average"?
With a 6,192 sqft lot, you have more land than most homes in Meadowood and across Winnipeg. This provides extra privacy, room for gardening, play, or additions like a shed or deck, which is a valuable and less common feature in established neighbourhoods.

5. Why is the exact sold price history not shown, and how can I get it?
Sold price data is not always publicly available in a precise format. The listing service offers to provide this information manually via email upon request to ensure accuracy, as they compile data from various sources. They state this is a direct service without marketing spam.