Property Overview: 122 Woodview Bay
This well-established Elmhurst bungalow offers a practical and comfortable living proposition. Its key appeal lies in being a solid, move-in-ready home on a spacious lot in a mature neighbourhood. Built in 1983, the 1,320 sqft, one-storey layout with a finished basement provides functional single-level living and room to grow. The property stands out on its street for its newer age relative to neighbours and a strong assessed value. With a large 5,276 sqft lot and an attached garage, it balances indoor space with ample outdoor potential. This home would suit first-time buyers seeking a manageable property without major renovations, downsizers looking for single-level convenience, or investors attracted by a stable, rentable layout in a long-established area. A less obvious strength is its "blank canvas" potential; the generous lot size allows for future garden or expansion projects, something newer subdivisions often lack.
Frequently Asked Questions
1. What is the neighbourhood like?
Elmhurst is a mature, established community in Winnipeg. It typically offers a quiet, residential feel with older tree-lined streets and a mix of long-term residents. You'll want to explore local amenities and traffic patterns to see if it matches your daily needs.
2. Is the finished basement included in the 1,320 sqft living area?
No, the 1,320 sqft refers to the above-ground living space. The finished basement provides additional usable square footage, adding to the home's functional space.
3. How does the assessed value compare to the asking price?
The municipal assessment is $454,000. It's important to note that assessed value is for tax purposes and can differ from market value. A comparative market analysis with a real estate professional will provide the clearest picture of current market value.
4. What does the ranking data mean for "Build Year" and "Value"?
The rankings show how this property compares to others. For example, its 1983 build year is newer than 98% of homes on its street, suggesting a relatively younger home in the area. Its assessed value ranks higher than 71% of street properties, indicating it is assessed more favorably than many nearby homes.
5. What are the potential considerations with a home of this age?
While well-maintained, a 43-year-old home will have components, such as the roof, windows, and major mechanical systems (furnace, water heater), that are at an age where inspection, maintenance, or future replacement should be factored into planning.