34 Woodchester Bay

Property Summary: 34 Woodchester Bay

Section 1: Key Characteristics & Appeal

This 1983-built, one-storey bungalow in Elmhurst offers a practical and low-maintenance living format on a spacious 5,279 sqft lot. Its key appeal lies in its balance of established neighbourhood character and recent value growth, evidenced by a solid increase in assessed value since its 2020 purchase. The home features a finished basement and an attached garage.

The property’s standout characteristic is its relative newness for the area; it is newer than 97% of homes on its street, offering modern construction fundamentals within a mature community. Its lot size is generous, providing ample outdoor space. This home would suit first-time buyers or downsizers seeking single-level living without a large footprint, and value-oriented buyers who appreciate a home that has outperformed many of its local peers in recent assessment increases. It’s a grounded choice for someone prioritizing lot size, a quiet street, and a move-in-ready foundation over expansive interior square footage.

Section 2: Frequently Asked Questions

1. How does the home's size compare to the neighbourhood?
At 1,000 sqft of living space, the interior is more compact than the majority of homes in both Elmhurst and Winnipeg overall. The trade-off is a larger-than-average lot, shifting the space advantage outdoors.

2. What do the price rankings indicate?
The rankings show the property is competitively positioned. While its interior size ranks lower, its lot size, newer age, and current assessed value all rank in the top half locally, suggesting its strengths are in the land and structure rather than sheer interior volume.

3. Has the property appreciated in value?
Yes. The assessed value has risen to $403,000 from a purchase price of $375,000 in late 2020, a period of significant market growth. Earlier data shows a purchase at $285,000 in 2016, indicating longer-term appreciation.

4. Who might this property not suit?
It may not suit buyers requiring substantial indoor living space, multiple large bedrooms, or a modern open-concept layout typical of newer builds. The floor plan is likely more traditional.

5. Is the basement included in the living area square footage?
No. The 1,000 sqft figure refers to above-ground living space. The finished basement provides additional usable rooms but is not counted in the official living area total.