Property Overview: 123 Woodchester Bay, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1983-built bi-level home in Elmhurst sits on a generous 4,905 sqft lot. Its key features include a fully finished basement and a total living area of 844 sqft. The property's standout characteristic is its relative newness for the area; it is newer than 97% of homes on its street, offering a more modern construction foundation in an established neighbourhood. Its appeal lies in this balance—a home with a contemporary build age on a large, private lot, without the premium price tag of a brand-new property. The finished basement adds valuable flexible space.
The data suggests it would suit practical, value-conscious buyers. It's ideal for first-time homeowners who want a move-in-ready base with expansion potential, or downsizers seeking single-level living (with the basement providing extra room for guests or hobbies). The strong lot size and newer build are assets for a long-term holder, though the below-average living space ranking means it may feel cozy for larger families. Its competitive rankings in assessment value within Winnipeg indicate it represents a solid middle-market opportunity.
Frequently Asked Questions
1. What does the "ranking" data actually tell me?
It shows how this property compares to others in specific categories. For example, being newer than 97% of homes on its street is a significant advantage, while its living space is more compact than most in the broader area. This helps identify its strengths and trade-offs.
2. Is the finished basement included in the 844 sqft living area?
Typically, the listed "living area" (844 sqft) refers to above-grade, heated space. The finished basement is additional square footage, increasing the home's usable space beyond the official figure.
3. The 2016 sale price was $290,000, but the current assessed value is $353,000. What does this mean?
The assessed value is the city's valuation for property tax purposes, which considers market trends. The sale price is historical. The increase reflects market appreciation over eight years, but the actual market value will be determined by current buyer demand.
4. There's no garage. Is there room to add one?
The large lot (over 4,900 sqft) provides ample space for potential additions like a garage, a sizable shed, or deck. This is a key asset for future improvement, subject to local zoning bylaws.
5. The home ranks highly for "newness" but lower for size. What's the overall condition likely to be?
A 1983 build is structurally more modern than many older Winnipeg homes, potentially meaning fewer major system updates. However, its interior finishes and cosmetics will depend on how it has been maintained and updated over the last four decades.