Property Overview: 115 Woodfield Bay, Elmhurst, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elmhurst is a compact, no-frills property built in 1978. Its key characteristic is its modest scale, with a living area of 816 sqft that places it among the smaller homes on its street and in the wider city. The home features a renovated basement, adding functional space, but does not include a garage or pool.
The primary appeal lies in its affordability and efficiency. With a historically low sale price and an assessed value significantly below area averages, it represents a clear entry point into the Winnipeg market. It suits first-time buyers or investors seeking a straightforward, low-maintenance footprint without the premium for extra square footage. The lot size is consistent with others on the street, offering standard outdoor space for the neighbourhood. A thoughtful perspective is that this property prioritizes location and land ownership over the size or condition of the dwelling itself, appealing to those who see the underlying value in the lot and are comfortable with a home that serves essential needs.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 816 sqft of living area, it is notably smaller than most homes in Elmhurst and on Woodfield Bay itself, placing it in the bottom 10% city-wide for size.
2. Why is the assessed value so much lower than the area average?
The assessed value of $35,400 is well below the Elmhurst average, primarily reflecting the home's significantly smaller size and modest characteristics compared to larger, more updated homes in the neighbourhood.
3. What does having a "renovated basement" mean for this home?
While specific details aren't provided, it indicates the below-ground space has been updated for usable living or storage area, which is a key feature adding functional space to the otherwise compact main floor plan.
4. Who would this property be best for?
It is best suited for budget-conscious first-time buyers, downsizers, or practical investors. It's for those who value an affordable entry into homeownership in a established neighbourhood more than they need ample indoor space or modern amenities.
5. How does the lot size compare?
The 5,250 sqft lot is very typical for Woodfield Bay but is below the average lot size for the broader Elmhurst area, where properties tend to be larger.