Property Overview: 103 Woodview Bay
This 1982 four-level split home in Elmhurst presents a compelling opportunity for buyers seeking space, established charm, and a strong value position in Winnipeg. Its primary appeal lies in the generous 9,003 sqft lot, which ranks in the top 10% of its street, offering ample outdoor potential. The home itself, with 1,578 sqft of living space and a finished basement, provides practical, multi-level living. Key characteristics include an attached garage and the absence of a pool, emphasizing low-maintenance outdoor space.
The property’s standout feature is its overall value ranking, outperforming 92% of Winnipeg homes. This suggests a well-regarded location and a property that holds its worth. It would particularly suit growing families or value-driven buyers who prioritize lot size and community stability over brand-new construction. A thoughtful perspective is that while the home is 44 years old, its above-average rankings for size and value in a mature neighborhood indicate it has been a solid long-term investment, appealing to those who see character and established greenery as assets.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 8%" city-wide for value means its assessed price is higher than 92% of Winnipeg homes, indicating a strong market position.
2. Is the 44-year-old age of the home a concern?
While the build year is 1982, the home ranks around the middle for age in its area, meaning it’s typical for the mature Elmhurst neighborhood. The focus should be on the condition of major systems (roof, furnace, windows), which would be clarified by a thorough inspection.
3. The lot is large, but how is the house's size?
At 1,578 sqft, the living space is above average, ranking in the top 24% in Winnipeg. Combined with the finished basement, it offers functional space. The true differentiator is the lot, which is significantly larger than most, providing exceptional outdoor room.
4. Why did the assessed value rise from the 2017 sale price?
The current assessment of $477,000, compared to the 2017 sale price of $412,000, reflects market appreciation over seven years. Its high value ranking suggests this growth is consistent with or exceeds broader area trends.
5. What is a four-level split layout like?
This style offers multiple, staggered living levels, creating distinct zones and often providing good separation between living and sleeping areas. It can be efficient with space but involves more stairs than a bungalow or two-story home.