Property Overview: 83 Woodfield Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in Elmhurst presents a compelling value proposition centered on its generous lot and functional layout. Its key characteristic is an exceptionally large, 7,661 sqft lot, which ranks in the top 3% for size on its own street. This offers significant outdoor space and potential for gardening, expansion, or simply enjoying a roomy, private yard—a notable find for the area. The living space (1,262 sqft) and assessed value are modest relative to local averages, suggesting a home that prioritizes practicality over grandeur. The basement has been renovated, adding usable square footage.
The appeal lies in this balance of space and value. It suits first-time buyers or downsizers seeking a manageable single-level layout without sacrificing outdoor room. The large lot also makes it a strategic option for future-focused buyers who value land as a long-term asset, perhaps envisioning a future addition or appreciating the flexibility it provides. It’s a grounded choice for those comfortable with a home from the late 1970s who see potential in the renovated basement and the standout property size.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the neighborhood?
The home’s assessed value is below the current average for both the immediate street and the broader Elmhurst area, positioning it as a more accessible entry point into the neighborhood.
2. What does the “Elite” ranking for Land Area mean?
This means the lot size is among the largest on Woodfield Bay, placing it in the top 3% of 68 comparable properties on the street. It offers substantially more outdoor space than the typical lot in this specific location.
3. Is the living space smaller than average?
At 1,262 sqft, the living area is slightly below the average for similar homes on its street (~1,334 sqft) and in Elmhurst overall. The renovated basement helps offset this by providing additional finished space.
4. When was it last sold, and for how much?
The property last sold in September 2017 for $32,500. This historical price should be considered a past market snapshot, not a reflection of current value.
5. What are the obvious and less obvious priorities for a buyer here?
An obvious priority is utilizing the large lot. A less obvious consideration is the home’s positioning relative to street averages: you’re acquiring a better-than-average lot while the structure itself is valued below average. This shifts the focus to the condition of the home itself and the value you place on the land versus the building.