Property Overview
This 1981 four-level split home at 18 Woodfield Bay offers a practical and spacious layout in Winnipeg's Elmhurst neighbourhood. Its key appeal lies in its generous proportions, both in living space (1,670 sq ft) and on a large, 5,433 sq ft lot, providing room to grow. The home features an unfinished basement, presenting a clear opportunity for customization and added value. With an attached garage and no pool, it aligns with low-maintenance, family-focused living.
The property's competitive rankings are noteworthy. It stands out in its immediate area for its above-average living space and lot size, while being newer than many homes on the street. Its current assessed value positions it well within its locale. This home would suit first-time buyers or growing families looking for a "blank canvas" property—one that offers solid fundamentals and the chance to personalize over time, especially the basement. It's also a sensible choice for value-conscious buyers who prioritize more interior and exterior space over a recently renovated finish.
Frequently Asked Questions
What is the neighbourhood like?
Elmhurst is an established, mature community. The rankings indicate the home is on a street with a mix of older and newer properties, and it sits on a larger-than-average lot for the area, which is a significant advantage.
Is the unfinished basement a drawback?
Not necessarily. For many buyers, an unfinished basement is seen as potential. It allows for customization to suit your exact needs—a recreation room, home office, or additional bedroom—without needing to undo someone else's work. It's a project that can add significant value.
How does the 2016 sale price compare to today's assessment?
The home was purchased for $346,000 in 2016 and is now assessed at $427,000. This increase reflects market trends and the property's inherent value, particularly its spacious layout and lot size.
What does "4 Level Split" mean for daily living?
This design creates distinct zones, often separating living, sleeping, and utility areas across different half-levels. It can offer good privacy and separation of space but involves more stairs than a bungalow or two-story layout. It's ideal for those who don't mind some steps between living areas.
Are the property rankings a reliable indicator?
They provide helpful, data-driven context. For example, ranking in the top 20% in Winnipeg for living space confirms the home is genuinely spacious compared to the broader market. These metrics are best used to understand the home's relative strengths within its peer group.