75 Woodview Bay

Property Overview: 75 Woodview Bay

Key Characteristics & Appeal

This 1983-built, four-level split home in Elmhurst offers a practical and spacious layout with 1,578 sq ft of living space on a generous 5,062 sq ft lot. Its key features include a finished basement and an attached garage. The appeal lies in its well-balanced profile within a mature neighbourhood. While its overall size and assessed value rank solidly above average for Winnipeg, its standout characteristic is its age relative to the immediate area—it is newer than 98% of homes on its street. This suggests a potentially more modern construction than many neighbours, possibly with updated infrastructure.

The property suits buyers looking for an established community with larger lots, who value space and a traditional layout over a brand-new build. It’s particularly suitable for those who appreciate a home that stands out for its relative modernity on a street of older properties, offering a balance of neighbourhood character and a more recent vintage. The finished basement adds flexible space for a growing family, a home office, or recreation.

Frequently Asked Questions

1. What do the ranking percentages actually mean for a buyer?
They show how this home compares to others in specific areas. For example, being newer than 98% of houses on its street is a significant local advantage, while its overall value ranking in the top 28% for Winnipeg indicates a solid, mid-to-upper tier assessment.

2. Is the 2017 sale price relevant today?
It provides a historical benchmark, showing the property’s market value six years ago. The current assessed value is higher, which reflects market appreciation and any improvements made since that last sale. It’s a starting point for understanding the owner’s equity and market trajectory.

3. Who might this floor plan (4-level split) suit best?
This layout is ideal for families or individuals comfortable with stairs, as it creates distinct living zones across multiple half-levels. It offers more privacy and separation than an open-concept bungalow but requires efficient use of vertically stacked space.

4. The lot size ranks highly on the street but lower in the broader community. Why is that?
This indicates that Woodview Bay likely features uniformly generous lots, which is a street-specific perk. While the lot is larger than most on its block, the wider Elmhurst community may have even larger estate-style properties, which affects that broader ranking.

5. Does a “finished basement” include legal suites or rental potential?
The description states only that the basement is finished. This typically means it is developed for personal use (e.g., rec room, bedroom) but does not imply it is a legal, self-contained rental suite. Buyers should verify the specific permits and layout if rental income is a goal.