Property Overview: 103 Woodchester Bay
Key Characteristics & Appeal
This 1983-built bi-level home in Elmhurst sits on a spacious, approximately 4,900 sqft lot. Its key features include a fully finished basement and a modest 844 sqft of living space. The home’s primary appeal lies in its balance of a large, usable yard and a relatively recent build date compared to its immediate surroundings. Data shows it is newer than 97% of homes on its street and 65% of homes across Winnipeg, offering a structural advantage in an older neighborhood.
Its value proposition is pragmatic. It suits first-time buyers or downsizers seeking a manageable footprint without sacrificing outdoor space, or investors looking for a land-value play with a rentable basement suite potential (subject to verification). The 2021 sale price of $324,000, below the current $352,000 assessment, suggests a purchase may be negotiable. It’s a home for those who prioritize lot size and a newer build over square footage, and who see potential in a property that ranks highly in age but lower in size and value within its community.
Frequently Asked Questions
1. How does the "ranking" data work?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, being newer than 97% of houses on its street is a strong ranking, while having less living space than 98% of neighbors highlights its compact size.
2. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify if it is a legal, separate suite. This is a critical point to verify with the seller and the city for potential rental income or mortgage considerations.
3. Why is there a garage?
The listing explicitly states there is no garage. Buyers would need to consider on-street parking or the cost and space to add a structure later.
4. The assessment is higher than the 2021 sale price. What does that mean?
The current municipal assessment of $352,000 is a tax valuation, not a market price. The 2021 sale at $324,000 provides a more recent market anchor. This gap could indicate room for negotiation or reflect market changes.
5. Who would this home not suit?
It likely wouldn’t fit a growing family needing significant indoor living space, or someone seeking a move-in-ready home with premium finishes and high rankings across all categories. Its appeal is specific to buyers with particular priorities.