Property Overview: 127 Woodchester Bay, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1983-built, one-storey home sits on a generous 4,950 sqft lot in Winnipeg's Elmhurst neighbourhood. Its key features include a fully finished basement and an attached garage. With 1,090 sqft of living space, it offers a practical, single-level layout.
The appeal here is one of solid value and established comfort rather than luxury. Its standout characteristic is its age relative to the immediate area: it's newer than 97% of homes on its street, suggesting a well-placed property among older peers. The lot size is also a significant asset, providing ample outdoor space that is increasingly rare. While its interior size and assessed value rank it in the middle tiers for the wider city, it presents a compelling opportunity for buyers seeking a manageable, ground-level home in a mature community without the upkeep concerns of an older-century build. It would suit first-time buyers, downsizers looking for a bungalow-style living, or value-oriented investors attracted by the finished basement's rental potential and the lot's long-term value.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in specific areas. For example, being newer than 97% of homes on its street is a strong positive, while its living space is modest compared to 59% of homes across Winnipeg, indicating a cozier, efficient footprint.
2. Is the finished basement included in the 1,090 sqft living area?
No, typically the listed "living area" refers to above-ground, finished space. The finished basement is an additional asset, adding functional space for recreation, storage, or a potential suite.
3. The home ranks low for size within its own community. Is that a concern?
Not necessarily. It indicates the neighbourhood features many larger homes, which can be positive for property values. This home offers an entry point into that community with a more manageable size and potentially lower utility costs.
4. How significant is the lot size?
At nearly 5,000 sqft, the lot is a major feature. It provides excellent outdoor space for gardening, play, or entertaining—a premium in mature neighbourhoods where lots are often smaller. This contributes to the property's long-term value.
5. The assessed value is $396,000. Is that the selling price?
No, the assessed value is for municipal tax purposes. The selling price is set by the market and can be higher or lower based on condition, updates, and current buyer demand. The assessment is a useful benchmark, showing it ranks above average in value for Winnipeg.