Property Overview
139 Woodfield Bay is a spacious, well-established family home in Elmhurst. Built in 1978, this two-storey residence sits on a large, nearly 7,000 sqft lot and offers 1,820 sqft of living space, including a finished basement. It features an attached garage and ranks highly within its immediate area for lot size, living space, and assessed value.
Key Characteristics & Appeal
The primary appeal of this home lies in its generous proportions and established neighbourhood setting. It offers more interior space and a larger yard than most homes on its street and across Winnipeg, providing room to grow. The finished basement adds valuable flexible living space. Its strong rankings for assessed value suggest it is a substantial property within its context, likely appealing to buyers looking for a "larger than average" home without a brand-new price tag. This property would suit a family or someone seeking space who values the mature trees and settled character of an older neighbourhood over a newly built home. A thoughtful perspective is that while the house itself is from the late 70s, its top-tier rankings for lot size and living area in the area indicate these are permanent, desirable features that are increasingly rare in newer subdivisions. The trade-off is accepting a home of that era, which may require updates but is built on a prime piece of land.
Potential Buyer FAQs
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the finish quality, rooms, or ceiling height. A viewing is essential to determine if it's a casual rec room or includes proper bedrooms and living spaces.
2. Are there any known issues with a 1978-built home?
As with any home of this age, key systems like the roof, windows, furnace, and electrical may be at or beyond their typical lifespan. A thorough inspection is recommended to budget for any necessary updates or repairs.
3. How does the high assessed value impact property taxes?
With an assessed value significantly higher than most on its street, the municipal property taxes will likely reflect this. It's advisable to research the exact annual tax amount to factor into your budget.
4. The lot is large—are there any restrictions on its use?
The nearly 7,000 sqft lot offers great potential for gardens, play space, or additions. Check local zoning bylaws for any development restrictions, easements, or if the lot might be suitable for future subdivision.
5. The home ranks lower for "newness." What should I consider?
While newer than many on its street, the 48-year-old home ranks in the middle for age across Winnipeg. This suggests you are buying into the established character of Elmhurst. The focus for value here is on space and location rather than modern construction.