Property Overview: 137 Woodview Bay
This well-established Elmhurst bungalow offers a practical and comfortable living space on a generous, mature lot. Built in 1982, the 1,100 sqft home features a finished basement and presents a solid opportunity in a quiet neighbourhood. Its appeal lies in its single-level layout, substantial 6,326 sqft yard, and a position that offers more house and land for the price compared to newer subdivisions. This property would suit first-time buyers seeking an entry point into a stable area, downsizers looking for a manageable bungalow without strata fees, or value-oriented investors interested in a home with rental potential and redevelopment possibilities down the line. A thoughtful perspective is that while the interior finishes may be dated, the large lot in a long-established community represents a tangible asset that newer properties often lack, offering space and privacy that can't be replicated.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for key metrics like lot size and age. They show this home excels with a lot size larger than 75% of Winnipeg homes, but the living area is more modest, indicating a focus on outdoor space over interior square footage.
2. Is the finished basement included in the 1,100 sqft living area?
No, typically the listed "居住面积" (Living Area) refers to above-grade, heated square footage. The finished basement is an additional bonus space, adding functional rooms without increasing the official living area calculation or property tax assessment.
3. What does the assessment value mean for the listing price?
The municipal assessment of $368,000 is for taxation purposes and reflects a mass-appraisal valuation from a prior date. The listing price is set by the seller and the current market. The assessment can be a useful benchmark, but the sale price is determined by recent comparable sales and current demand.
4. There's no garage; is street parking readily available?
The listing notes no garage, but as a single-family home on a large lot, there is almost certainly a private driveway for off-street parking. It's always recommended to verify driveway length and parking capacity during a viewing.
5. The home is 44 years old; what should I be mindful of?
As with any home of this vintage, key systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespans. A thorough home inspection is essential to understand the condition and prioritize any updates, balancing the charm of a mature property with practical maintenance considerations.