Property Summary: 126 Woodchester Bay
Key Characteristics & Appeal
This 1983-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous, mature lot. Its key features include 1,320 sqft of living space, a fully finished basement, and an attached garage. The property stands out for its above-average lot size of over 6,300 sqft, providing ample outdoor room in a well-established neighborhood.
The appeal lies in its balance of space, location, and value. The home ranks highly within its immediate street and across Winnipeg for lot size, newer construction age (relative to many area homes), and assessed value, suggesting a well-regarded and competitive property. It suits buyers looking for a move-in-ready, single-level living option without a premium price tag. It would particularly fit growing families seeking backyard space, or downsizers wanting the convenience of a bungalow with a finished basement for guests or hobbies. A less obvious perspective is the advantage of a 1980s build: it often benefits from modernized wiring and insulation compared to mid-century homes, while avoiding some of the complex issues of very recent, fast-tracked construction.
Frequently Asked Questions
1. How does the finished basement add to the living space?
The finished basement effectively expands the home’s usable square footage, offering flexible space for a recreation room, home office, or additional bedrooms, which is a significant asset for the overall footprint.
2. What is the significance of the high ranking for "newness" on the street?
While built in 1983, ranking newer than 97% of homes on its street indicates it is one of the most recent constructions in the area. This often correlates with more modern layouts, materials, and systems compared to neighboring, potentially older homes.
3. Is the property likely to feel spacious for its 1,320 sqft size?
The living area is competitively sized for the market, ranking above the Winnipeg average. The single-storey design and the addition of the finished basement typically make the space feel efficient and functional rather than expansive.
4. What do the assessment value rankings indicate?
Ranking higher than 75% of Winnipeg homes in assessed value suggests the municipal assessment aligns with a solid market position. It indicates the property is viewed as a higher-value home within the city’s inventory, which can be a positive factor for equity.
5. Who is the ideal buyer for this type of home?
This home is ideal for practical buyers who prioritize lot size, single-level living, and established neighborhoods over brand-new condition. It fits families, empty-nesters, or investors looking for a stable property with a strong foundational value in a mature community.