39 Woodchester Bay

Property Overview: 39 Woodchester Bay

This well-established 4-level split home in Elmhurst offers a compelling blend of space, location, and value. Built in 1983, it sits on a generous 6,495 sqft lot and features 1,604 sqft of living space. Key characteristics include an unfinished basement, a combined attached and detached garage, and no pool. The property’s assessed value is $473,000.

Section 1: Appeal & Suitability

Key Characteristics & Appeal:
The home’s primary strengths are its above-average lot size, providing ample outdoor potential, and its strong positional rankings within Winnipeg. It outperforms 78% of city homes in both lot size and assessed value, indicating a solid investment in a desirable setting. The 4-level split layout offers distinct zones for living and privacy, while the unfinished basement presents a clean slate for customization. Its appeal is grounded in value-for-money, offering more space and land than many comparably priced homes in the city.

Ideal Buyer Profile:
This property is an excellent match for practical buyers—growing families, value-driven investors, or hands-on homeowners. It suits those who prioritize land size and future potential over immediate turn-key finishes. The buyer should be comfortable with a home of this era, seeing the unfinished basement not as a drawback but as an opportunity to add equity and tailor the space to their needs. It’s for someone who appreciates established neighborhoods and is motivated by long-term value and livability over flashy amenities.

Section 2: Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the "top 22%" city-wide for value means it’s assessed higher than 78% of Winnipeg homes, signaling a strong market position relative to its price.

2. Is an unfinished basement a major negative?
Not necessarily. For many buyers, it’s a positive. It means no previous DIY work to undo, and it allows you to insulate, frame, and finish it exactly to your taste and needs, potentially increasing the home's value on your own terms.

3. Who would benefit most from the "4-level split" layout?
This layout naturally separates living spaces. It’s ideal for families seeking defined areas for entertaining, daily family life, and quiet bedrooms, or for those who work from home and desire distinct separation between living and office spaces.

4. The home is 43 years old. What should I consider?
While the core structure is proven, a focused inspection on major age-related components is wise. The upside is that homes from this era are often built with robust materials and roomy floor plans that are harder to find in newer constructions.

5. What’s the advantage of having both an attached and detached garage?
This combination offers significant flexibility. Use the attached garage for daily vehicle parking and the detached one as a workshop, hobby space, or secure storage for bicycles, lawn equipment, or seasonal items—freeing up space in the main garage.