59 Woodview Bay

Property Summary: 59 Woodview Bay, Elmhurst, Winnipeg

Section 1: Key Characteristics & Appeal

This 1983-built four-level split home sits on a large, 6,859 sqft lot in Elmhurst. With 1,604 sqft of living space, it offers a practical layout spread over multiple levels, providing clear zones for living and sleeping. A key feature is the substantial unfinished basement, presenting a significant opportunity for customization and added value. The property includes an attached garage.

Its appeal lies in its established neighbourhood setting and its potential. The lot size is well above average, ranking in the top 19% on its street, offering ample outdoor space. While the home itself is 43 years old, its assessed value ranks highly compared to most of Winnipeg, suggesting it is perceived as a solid asset in its market segment. This home would suit a buyer looking for a property with good bones in a mature area, who values space over a brand-new build and is either comfortable with a multi-level floor plan or sees the unfinished basement as a positive project to tailor the home to their needs. It’s a practical choice for those seeking a balance of indoor and outdoor space with room to grow.

Section 2: Frequently Asked Questions

1. What are the pros and cons of a four-level split layout?
Pros include defined separation between living areas and bedrooms, often offering more privacy. Cons involve navigating stairs between daily living zones, which may not suit those with mobility concerns or a preference for single-level living.

2. The basement is unfinished. What should I consider?
This is a major opportunity but requires planning and budget. Consider the cost to finish it to your standards, necessary permits, and whether it makes sense for your needs (e.g., extra bedroom, recreational space, rental suite). It adds future value but also immediate project scope.

3. The lot is large. What does that mean for me?
A large lot (over 6,800 sqft) provides excellent outdoor space for gardening, play, or entertaining. However, it also means more yard maintenance. Its size is a strong long-term asset and contributes to the property's high ranking in the area.

4. The home was last sold in 2017. What does the price history indicate?
The 2017 sale price was $373,000, and the current assessment is $450,000. This increase reflects broader market trends and the property's attributes. It's important to have a current market evaluation to understand its present value, as assessments are for taxation purposes.

5. How do the provided "rankings" work?
These rankings compare this property to others on its street, in Elmhurst, and across Winnipeg for metrics like lot size, age, and value. For example, ranking "in the top 18% in Winnipeg" for lot size means it has a larger lot than 82% of properties in the city, highlighting its relative strength in that category. They are tools for quick, at-a-glance comparison.