Property Overview: 11 Woodfield Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Elmhurst presents a solid, grounded opportunity. Its key characteristics include a renovated basement, an attached garage, and a practical 1,320 sqft layout. Built in 1981, the home is newer than many in Winnipeg, suggesting potentially fewer immediate updates.
The appeal lies in its balanced profile and desirable location on Woodfield Bay. The property stands out on its street with an above-average assessed value and a land size that is generous for the immediate area. While the living space is average for the neighbourhood, the lot size (5,498 sqft) is notably larger than many on the same street, offering valuable outdoor space and privacy. The renovated basement adds functional living area without the need for immediate work.
This home would suit practical buyers looking for a move-in-ready property in a stable neighbourhood. It’s ideal for small families, empty-nesters seeking single-level living, or investors attracted by its above-street-average valuation and updated features. It represents a sensible choice for someone who values a larger lot and a modernized interior over a brand-new build.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is in the top 10% on its own street, indicating it is a higher-valued property among its direct neighbours. City-wide, it also ranks above average (top 28%), suggesting a strong overall valuation.
2. Is the lot size typical for Elmhurst?
No, that’s an interesting nuance. While the lot is above average for Woodfield Bay street, it is below the average lot size for the broader Elmhurst area. This means you get a relatively spacious yard for the immediate locale, but not necessarily the largest lot in the wider neighbourhood.
3. What does the “renovated basement” imply?
The listing specifies the basement is renovated, which is a key functional upgrade. It adds liveable space and suggests major systems (like finishing, insulation, or moisture control) have been addressed, providing extra room for recreation, guests, or a home office.
4. When was it last sold, and for how much?
The property was last sold in July 2019 for $375,000. This provides a recent market benchmark, though current value would be influenced by market conditions and any further updates since that sale.
5. How does the living space compare to nearby homes?
At 1,320 sqft, the living area is very close to the average for both the street and the city as a whole. It offers a comfortably sized footprint that matches typical expectations for the market, without being exceptionally large or small.