Property Summary: 55 Woodview Bay
Key Characteristics & Appeal
This is a well-maintained, single-storey home in Elmhurst, built in 1983. Its key features include a fully finished basement, an attached garage, and a spacious lot of just over 5,000 square feet. With 1,120 square feet of living space, it offers a practical layout for everyday living.
The appeal lies in its established neighborhood setting and its notable condition relative to its age. The home ranks exceptionally well for its "newness" on its street, surpassing 98% of neighboring houses, suggesting it has been updated or maintained better than many of its peers. It presents a solid value proposition, with an assessed value that places it in the top third of all Winnipeg homes. This is a property for practical buyers—first-time homeowners, downsizers, or investors seeking a turnkey home in a mature area without the premium of a new build. It suits those who prioritize move-in readiness and a larger yard over having the latest modern finishes or an open-concept floor plan.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. For example, ranking in the top 2% for age on its street means it is one of the newest homes in that immediate area, which is a positive indicator of its relative condition.
2. Has the property value increased since the last sale?
The home sold for $366,000 in November 2016 and now has a municipal assessed value of $410,000. This indicates growth, but the final market value will be determined by current conditions and buyer demand.
3. Is the finished basement included in the listed living area?
No. The living area of 1,120 sqft refers to the above-ground space. The finished basement provides additional usable rooms but is not counted in the official square footage.
4. What are the property taxes likely to be?
While not listed here, property taxes can be estimated using the City of Winnipeg's mill rate and the $410,000 assessed value. A local real estate agent can provide an exact calculation.
5. The home ranks lower for size in the area. Will it feel small?
At 1,120 sqft, it is a moderately sized bungalow. The finished basement effectively doubles the usable space, making it more functional than the main floor square footage alone suggests. It's ideal for those who don't require extensive above-ground room.