74 Woodchester Bay

Property Overview

This 1983-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key appeal lies in a combination of space, established location, and relative value. The fully finished basement and attached garage add significant functional square footage to the listed 1,130 sqft living area. The property stands out on its street for its age, being newer than 97% of neighbouring homes, suggesting well-considered updates or construction. With a total assessed value of $404,000, it positions itself as a competitively priced entry into a stable neighbourhood.

The home would suit first-time buyers or downsizers seeking single-level living without sacrificing yard space. Its rankings indicate it’s a solid, middle-of-the-road property within the broader Winnipeg market—not the largest or most expensive on the block, but offering reliable value. A thoughtful perspective is that the mature lot and established streetscape offer a settled, green environment that newer subdivisions often lack, while the home’s age suggests major systems may be due for proactive updates or have been recently addressed.

Frequently Asked Questions

1. How does the finished basement affect the usable living space?
While the main floor is listed at 1,130 sqft, the fully finished basement significantly increases the home’s functional area, providing crucial extra space for recreation, guests, or a home office.

2. What does the "newer than most on the street" ranking practically mean?
Built in 1983, this home is newer than 65 of the 62 comparable homes on its street. This suggests it may have more modern construction materials, layouts, or infrastructure than many immediate neighbours, potentially reducing immediate major renovation needs.

3. Is the property a good investment compared to the wider market?
The assessment ranks higher city-wide (top 34%) than it does within its own community (top 65%), indicating that for its price point, it offers better value relative to all of Winnipeg than it does just within Elmhurst.

4. Who would this property most appeal to?
It’s well-suited for those prioritizing single-level living (like retirees or young families wanting to avoid stairs) who also desire a large, established lot. It’s a practical choice over a brand-new home if character and outdoor space are valued over a totally modern build.

5. What are the potential considerations given its age?
Being 43 years old, a prudent buyer would prioritize inspections of major age-related components: the roof, windows, foundation, and mechanical systems like the furnace and water heater, to understand their condition and plan for future maintenance.