Property Overview: 67 Woodfield Bay, Elmhurst, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elmhurst presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its compact efficiency, with 1,000 sqft of living space and a 4,000 sqft lot, making it notably smaller than most homes on its street and in the broader neighborhood. This isn't a sprawling property, but its 1981 build date is newer than many on the block, suggesting potentially fewer immediate concerns with aging infrastructure compared to older area homes.
The appeal lies in its value proposition and renovated basement. With an assessed value significantly below the Elmhurst average, it offers a lower property tax base and an accessible price point. The renovated basement adds functional living space, a key upgrade for a home of this size. It suits first-time buyers, downsizers, or investors seeking a manageable, single-level layout without a large yard to maintain. A thoughtful perspective: while the lot is smaller, it requires less upkeep, which can be a hidden benefit for those seeking a low-maintenance lifestyle without condo fees. Its citywide assessed value is around average, indicating it's priced in line with a typical Winnipeg home, just within a neighborhood where properties are generally more substantial.
Section 2: Frequently Asked Questions
1. Is the house too small compared to neighbors?
Yes, the living area is below average for Woodfield Bay and Elmhurst. This translates to a more compact, efficient layout. The renovated basement helps offset this by providing additional finished space.
2. Why is the assessed value so much lower than the Elmhurst average?
The assessed value reflects the home's specific attributes—smaller size and lot—compared to the neighborhood's larger, often more valuable homes. It results in a more affordable annual property tax bill relative to the area.
3. What does "newer than average for the street" (1981 build) mean practically?
While still over 40 years old, key components like wiring, plumbing, and the foundation may be in a different stage of life than in the area's older homes. It suggests a build date that post-dates some older construction methods and materials.
4. Is there parking or a garage?
The listing specifies no garage. Prospective buyers should investigate on-street parking regulations or the potential to add a driveway or carport, subject to local bylaws.
5. How does the last sale price (2021, $38.5k) relate to the current assessed value?
The 2021 sale price and the current assessed value ($35.6k) are close, indicating stable municipal assessment. Market value for a sale today would be determined by current conditions and is typically higher than the assessed value for tax purposes.