Property Overview: 143 Woodfield Bay, Elmhurst, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1978 bi-level home sits on a spacious, mature lot in the established Elmhurst neighborhood. Its key features include a fully finished basement, an attached garage, and a generous 1,266 sqft of living space. The property’s standout appeal lies in its proven value and solid position within its local market. It ranks highly for lot size and assessed value on its street, suggesting a desirable location and a well-regarded property relative to immediate neighbors. The 2021 sale price aligns closely with the current assessment, indicating stable value in recent years.
This home would suit practical buyers looking for a move-in-ready foundation in a quiet, long-standing community. It’s ideal for those who prioritize space and land over a brand-new build, and who appreciate a home with a clear, competitive standing in its micro-market. A thoughtful perspective for a buyer is to see the mature neighborhood and consistent valuation not as a lack of flashy growth, but as a sign of stability and reduced volatility, which can be an asset in uncertain markets.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific areas. For example, ranking in the "top 13%" for assessed value on its street means it’s valued higher than 87% of its immediate neighbors, which can be a positive indicator of its standing in that specific locale.
2. Is a 48-year-old bi-level a concern?
While it requires a diligent inspection for systems, roof, and updates, the age also means the neighborhood and landscaping are well-established. The fully finished basement is a significant plus that adds immediate liveable space.
3. How does the 2021 sale price relate to today’s value?
The close match between the 2021 sale price and the current assessment suggests the property’s market value has been consistent. It provides a recent benchmark, but current market conditions and the home’s present state will determine its final selling price.
4. Who would this floor plan suit best?
The bi-level layout, with living areas typically split across two short flights of stairs, offers good separation between sleeping and living zones. It can suit small families or couples but may be less ideal for those seeking single-level living.
5. The lot is large, but what about maintenance?
The nearly 5,900 sqft lot offers great outdoor space but also entails more yard work. The mature setting likely means established trees and gardens, which provide privacy but also require upkeep.