Property Summary: 66 Woodchester Bay
Key Characteristics & Appeal
This 1983-built, one-storey home in Elmhurst offers a practical layout with 1,100 sqft of living space and a finished basement, situated on a generous 5,528 sqft lot. Its key appeal lies in its balance of established neighborhood character and relative value. While the home's size is modest compared to others in the immediate area, it stands out for its lot size and notably newer construction date for the street—being newer than 97% of its neighbors. This suggests a well-situated property that may have undergone fewer major aging issues than older peers. The attached garage and finished basement add functional living space.
It would suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighborhood. The value-oriented price point, reflected in an assessment that ranks higher city-wide than within its own community, could also attract investors or renovators looking for a property with solid fundamentals and the potential to add value through updates.
Frequently Asked Questions
1. How does the home's age affect its condition?
Built in 1983, the home is newer than most on its street, which is a positive. However, being over 40 years old means key systems like roofing, windows, and plumbing may be nearing or due for updates. A thorough inspection is recommended.
2. The home ranks low for size in the area. Is this a concern?
It depends on your needs. The ranking indicates most nearby homes are larger, which can be appealing if you prefer a more manageable, lower-maintenance property. It also means the larger lot is a standout feature for its size category.
3. What does the finished basement add?
It provides additional flexible space, which is valuable in a 1,100 sqft main-floor home. This could be used for recreation, a home office, or extra storage, effectively increasing the usable living area.
4. Why is the city-wide assessment ranking higher than the community ranking?
The assessment ranks better compared to all Winnipeg homes than it does against often larger, more valuable homes in Elmhurst. This suggests the property may offer good value within the broader market.
5. Who might this property not suit?
It may not suit buyers looking for a move-in-ready, modern home without any projects, or families requiring extensive square footage and larger contemporary layouts often found in newer suburbs.