Property Overview & Key Characteristics
This 1982-built, one-storey bungalow at 151 Woodfield Bay offers a practical and comfortable living space in Winnipeg's Elmhurst neighborhood. Its key appeal lies in its well-proportioned, single-level layout of 1,320 sqft, complemented by a fully finished basement, providing ample room for a growing family or those seeking single-floor convenience. The property sits on a generous 5,497 sqft lot, offering good outdoor space relative to many city homes.
The home's standout feature is its strong value positioning within its immediate area. It ranks in the top tier of its street for lot size, newness (being newer than 99% of homes on the street), and assessed value (higher than 93% of neighbors). This suggests a well-maintained property in a desirable pocket of the community. It would particularly suit first-time buyers or downsizers looking for a manageable, updated bungalow in a mature neighborhood, as well as value-conscious buyers who appreciate a home that stands out positively on its own street compared to the broader area.
Frequently Asked Questions
1. How does the home's value compare to the area?
The home's municipal assessment of $459,000 is notably higher than 93% of properties on its street and 58% within the wider Elmhurst community, indicating it is perceived as a higher-value home in its immediate surroundings.
2. Is the neighborhood considered mature or developing?
Elmhurst is a well-established, mature neighborhood. The home, built in 1982, is actually newer than 99% of other homes on Woodfield Bay, meaning it's among the more recent builds on a street of older properties.
3. What is the typical home style on the street?
The street primarily consists of older homes, with this 1982 bungalow being a relative newcomer. Buyers can expect a mix of classic architectural styles common to mature Winnipeg neighborhoods.
4. How might the finished basement impact living space?
The fully finished basement effectively doubles the usable living area beyond the 1,320 sqft main floor, making the home feel much more spacious than the listed living area suggests, ideal for recreation, guests, or a home office.
5. What does the 2019 sale price tell us?
The home sold for $415,000 in September 2019. The current assessed value of $459,000 reflects market changes and municipal valuation since that time, providing a recent benchmark for its price trajectory.