Property Overview
This 1983 four-level split home at 63 Woodchester Bay offers a practical and spacious family layout in Winnipeg's Elmhurst neighborhood. Its key appeal lies in providing above-average space both inside and out, with a finished basement and a large 5,046 sqft lot, at a value-oriented price point. The home suits buyers looking for established-character residences with room to grow, who prioritize indoor and outdoor square footage over a brand-new build. Thoughtful points include its strong "bones" relative to peers—it ranks notably newer and larger than most homes on its own street and across Winnipeg—suggesting a well-built property in a mature setting. Its recent stable sale history indicates a solid, market-respected asset.
Key Characteristics & Ideal Buyer
- Layout & Space: A 1,780 sqft four-level split with a finished basement provides distinct living zones and flexibility for a growing family, home office, or hobbies.
- Lot & Location: The sizable lot is a standout feature for outdoor living, gardening, or future projects. It sits in a quiet bay, offering more privacy than a through street.
- Value & Appeal: The home presents as a move-in ready, maintained property with recent updates implied by its strong condition rankings. It appeals to value-conscious buyers seeking space without a premium price, and to those who appreciate the stability of an established, desirable neighborhood where the home compares favorably in age and size to its surroundings.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it ranks highly for its size and age on its specific street and in wider Winnipeg, meaning it's larger and newer than many comparable properties. This often translates to better-preserved infrastructure and more modern amenities than area averages.
2. Is the finished basement included in the listed living area?
No, the 1,780 sqft living area refers to the above-grade space. The finished basement provides additional usable square footage, adding to the home's functional space.
3. What does the sale history tell us about the property's value?
The steady increase from its 2017 sale price to the 2023 sale price, closely aligned with the current assessed value, suggests a stable and realistic market valuation without extreme fluctuations.
4. Who would this property suit best?
It's ideal for families or multi-generational households needing separated living spaces, or buyers who want a generous yard. It may also suit those looking for a home with strong fundamentals where cosmetic updates can be made over time.
5. Are there any obvious drawbacks to consider?
As a 40+ year old home, standard due diligence for systems like roof, windows, and major mechanicals is recommended. The four-level split layout involves multiple staircases, which may not suit those seeking single-level living.