Property Overview
This 1982 two-storey home in Elmhurst offers a blend of established neighbourhood character and solid value. Its key appeal lies in its generous 1,620 sqft of living space and a fully finished basement, providing ample room for a growing family or those who need flexible living and storage areas. Situated on a near 5,000 sqft lot, the property offers good outdoor space without the extensive maintenance of a larger yard.
The home’s standout characteristic is its relative modernity within its immediate area; it is newer than 99% of houses on its street, suggesting updated infrastructure compared to much of the surrounding housing stock. It suits practical buyers looking for a move-in ready family home in a mature community, particularly those who prioritize interior space and a finished basement over features like a garage or pool. The strong rankings for both living area and assessed value in Winnipeg indicate it represents a competitively sized property for its price point within the broader market.
Frequently Asked Questions
1. How does the lack of a garage impact daily living and resale?
While a garage is a common convenience, its absence is typical for many homes in mature neighbourhoods. Buyers should plan for driveway parking and consider the potential for a future shed or sheltered parking structure, weighing this against the home’s other space advantages.
2. The community ranking for size is low (top 94%). Does this mean the house is small for the area?
Not at all. That ranking reflects the property's land size. The home's living area actually ranks in the top 36% within the community, meaning the house itself is larger than many others in Elmhurst, which is a key point of value.
3. What does the "relative newness" of a 44-year-old house really mean for a buyer?
In an older neighbourhood, a 1982 build likely means more modern electrical wiring, plumbing, and insulation standards than pre-1960s homes. It may require fewer major system updates, though a thorough inspection for age-related maintenance (roof, windows, etc.) remains essential.
4. The assessed value is $443,000. How should I interpret this in relation to the listing price?
The assessed value is for municipal tax purposes and provides a benchmark. A listing price close to or above assessment suggests the market values its condition and features. It’s a useful data point for understanding its standing relative to neighbours, but the final market price is determined by current buyer demand.
5. The home ranks highly on its street but lower in the wider community. What does this indicate?
This pattern suggests Woodfield Bay is a street of relatively modest, similar-sized homes. The property is competitive on its own street but is compared to a wider range of property types and sizes in all of Elmhurst. It highlights the importance of evaluating a home against its most immediate comparables.