Property Summary: 42 Woodview Bay
Key Characteristics & Appeal
This 1983-built, four-level split home in Elmhurst offers a practical layout with 1,578 sqft of living space on a generous 5,210 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established neighbourhood setting combined with strong relative rankings that suggest good value. Notably, it ranks very high for its age within its immediate street (newer than 98% of neighbouring homes) and above average for its living space size across Winnipeg (larger than 76% of homes). This indicates a well-maintained, spaciously efficient property for its era.
The home would suit first-time buyers or downsizers looking for a move-in-ready property with room to grow, without the premium of a brand-new build. It’s also a sensible fit for value-oriented buyers who appreciate metrics showing the home competes well on size and condition within its local market, as evidenced by its assessment value ranking higher than 70% of Winnipeg homes.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in specific areas. For example, ranking "newer than 98% of homes on its street" means it is one of the most recently built houses in its immediate area, which is unusual for a 1983 home and suggests the street consists of mostly older properties.
2. Is a four-level split layout convenient?
This layout offers good separation of living and sleeping areas, often placing common rooms on mid-levels and bedrooms on upper or lower levels. It can suit families but involves more stairs than a bungalow or two-storey. The finished basement adds valuable flexible space.
3. How might the age of the home (43 years) affect me?
While the rankings suggest it is in good relative condition, a home of this age will have aging components. A thorough inspection is crucial to assess the roof, windows, furnace, and major systems, as updates may be needed or could be a negotiating point.
4. The lot is large, but what does that mean for upkeep?
At over 5,000 sqft, the yard provides great outdoor space but also requires regular maintenance like mowing and landscaping. It offers potential for gardening, play areas, or future additions, subject to local bylaws.
5. How should I interpret the assessment value?
The municipal assessment of $423,000 is used for calculating property taxes and is not necessarily the market value. However, the fact that it ranks higher than 70% of Winnipeg homes indicates the city assesses it as a above-average value property, which can be a useful benchmark when comparing similar homes.