Property Overview: 115 Woodview Bay
Key Characteristics & Buyer Appeal
This 1982 two-storey home in Elmhurst sits on a large, 6,740 sqft lot and offers 1,563 sqft of living space. Its key features include a finished basement, an in-ground pool, and an attached garage. The appeal lies in its established neighbourhood setting combined with private recreational space—a rare find that provides a resort-like backyard for family summers. The home’s rankings reveal a compelling balance: it stands out in Winnipeg for its above-average lot and living space, yet remains very typical for its immediate area in terms of age and size, suggesting it fits seamlessly into a mature, stable streetscape.
It would suit a practical buyer looking for a turnkey family home with immediate outdoor enjoyment, without the wait or premium of a new build. It’s also ideal for those who value space over sheer square footage, as the expansive lot offers room to grow or entertain. A less obvious perspective is that the home’s consistent mid-range rankings within its own community indicate a lower risk of over-improvement for the area, making it a sensible and grounded investment.
Frequently Asked Questions
1. How does the pool impact insurance and utility costs?
An in-ground pool will typically increase both annual insurance premiums and seasonal utility costs for pumping, heating, and maintenance. It's advisable to get specific quotes.
2. What does the "finished basement" include?
The listing notes a finished basement, but specifics on layout, ceiling height, permits, and moisture control should be verified during a viewing or inspection.
3. The home is 44 years old. What major systems might need attention?
While updated over time, key components like the roof, original windows, plumbing, and the HVAC system should be carefully evaluated for age and condition.
4. The lot is large. Are there any restrictions on its use?
With over a third of an acre, there may be potential for additions like a shed or deck. Always check local zoning bylaws and any restrictive covenants before planning changes.
5. The assessment value is noted. How does this relate to the listing price?
The municipal assessment of $446,000 is for tax purposes and reflects a mass appraisal from a prior date. The listing price is set by the seller based on current market conditions, and the two figures can differ significantly.