Property Overview: 63 Woodview Bay, Winnipeg
Key Characteristics & Appeal
This well-established two-storey home in Elmhurst sits on a generous, mature lot of over 10,000 square feet, offering a rare sense of space and privacy within the city. Built in 1983, the 1,620 sqft residence features a finished basement and an attached garage. Its standout appeal lies in its exceptional rankings within its immediate area: the property consistently places in the top tier of its street and neighborhood for lot size, assessed value, and living space. This indicates a home that offers above-average substance for its locale.
The property would particularly suit buyers looking for a solid, spacious family home in a mature neighborhood without the premium of a brand-new build. It’s ideal for those who value a large outdoor area for children, gardening, or future expansion. The strong comparative rankings suggest a sound investment for a buyer seeking a home with inherent equity and established character, rather than a project requiring total renovation.
Frequently Asked Questions
1. What does the high ranking for lot size (top 4% on its street) actually mean for me?
It means you're getting a property that is significantly larger than most in the immediate area. This translates to more privacy, greater potential for outdoor living or gardening, and a valuable scarcity that underpins long-term property value.
2. The house was built in 1983. Should I be concerned about major systems?
While the major systems are likely original or have seen updates, a thorough inspection is crucial. The age means components like the roof, windows, furnace, and plumbing are at a stage where assessment is key. Budgeting for potential updates should be part of your planning.
3. The home ranks higher for lot size than for living space. What's the implication?
This suggests the primary asset is the land itself. The house is comfortably sized, but the property's standout feature is its expansive yard. This is perfect if outdoor space is a priority, but if you need maximum interior square footage, the layout and potential for future expansion (subject to permits) would be important to explore.
4. How should I interpret the strong assessed value ranking?
The assessment ranking in the top 8% on its street indicates the city views this as a higher-value property compared to its neighbors, which is positive. However, remember market value can differ. This strong assessment is a good foundation, but recent comparable sales will be the ultimate guide for offer price.
5. The neighborhood ranking for "newness" is lower. Is this a downside?
Not necessarily. This simply reflects that Elmhurst is a mature, established community. The lower ranking here (top 40%) is typical and often comes with benefits like mature tree canopies, settled infrastructure, and a known community character—trade-offs that many buyers actively seek over a newer, developing subdivision.