10 Woodchester Bay

Property Overview: 10 Woodchester Bay, Winnipeg

Key Characteristics & Appeal

This 1983-built bungalow in Elmhurst offers a practical, single-level layout with 1,320 sqft of living space and a fully finished basement, providing ample room for a growing family or those seeking single-floor convenience. Its appeal lies in its well-established, quiet neighbourhood and a generous 5,249 sqft lot, offering significant outdoor space and potential in a mature setting. The home ranks notably well for its age within its immediate area, suggesting it has been maintained and is newer than many surrounding properties.

This property would suit first-time buyers or downsizers looking for a manageable bungalow style without sacrificing yard space. It also appeals to the value-conscious buyer who sees potential in a solid, older home on a large lot, whether for gardening, expansion, or long-term investment. The fully finished basement adds immediate functional space for a recreation room, home office, or extended family.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this home against others in the street, community, and city for metrics like size, age, and assessed value. For example, being newer than 97% of homes on its street indicates it's a relatively updated property for the block, while its lot size ranking shows it's above average for space in the wider community.

2. How significant is the fully finished basement?
A fully finished basement effectively doubles the usable living area, providing crucial extra space for families. It's a key value-add that means no immediate renovation is required for additional bedrooms, a playroom, or a home theatre.

3. The home is 43 years old. What should I be mindful of?
While the rankings show it's newer than many neighbours, a home of this age will have original components nearing the end of their lifespan. A thorough inspection of the roof, windows, plumbing, and electrical systems is essential to understand any upcoming maintenance or updates.

4. The assessed value is higher than the 2020 sale price. What does that mean?
The current assessment of $438,000 reflects the city's valuation for tax purposes, which has increased since the 2020 purchase price of $390,000. This indicates general market appreciation in the area, but the final sale price will be determined by current market conditions and the home's present state.

5. Who would benefit most from the large lot size?
Beyond gardeners and those who enjoy outdoor space, the large lot (over 5,000 sqft) is a standout feature for future flexibility. It could accommodate additions like a sizable deck, a shed, or even a future extension, subject to zoning bylaws. This is a less obvious but valuable asset for long-term owners.