Property Overview
70 Woodchester Bay is a well-established, single-family bungalow in Winnipeg's Elmhurst neighborhood. Built in 1983, it sits on a spacious, mature lot of over 5,500 square feet. The home offers 1,192 square feet of living space, a finished basement, and an attached garage. Its key appeal lies in its balance of space, location, and value. The property is positioned in a stable area, offering more land than many newer builds, and its rankings suggest it is a newer home relative to others on its street. It suits first-time buyers looking for a move-in-ready, low-maintenance bungalow, downsizers seeking single-level living with a finished lower level for family visits or hobbies, or value-oriented investors attracted by its solid assessment and rental-friendly layout.
Key Characteristics & Suitability
- Property Type: A classic, one-storey bungalow with a finished basement, providing clear separation between living and utility/rec spaces.
- Lot & Space: The large lot is a standout feature, offering ample outdoor space for gardening, play, or expansion, which is increasingly rare. The home's living area is modest but functional for its target market.
- Location & Context: Located in Elmhurst, the home benefits from mature surroundings. The data reveals a nuanced position: while the home's size is average for the area, it is notably newer than most on its specific street, potentially meaning fewer immediate big-ticket repairs than older neighbors.
- Ideal Buyer: This property is a practical choice. It fits buyers prioritizing ease of living without stairs, those who value private outdoor space over a large interior footprint, and savvy purchasers who appreciate that its above-average assessment value relative to Winnipeg may indicate solid underlying value for the area.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. For example, being newer than 97% of homes on its street is a significant advantage, suggesting potentially updated core systems. The lot size ranks highly, while the living space is more average, helping you understand what you're primarily paying for.
2. Is the finished basement included in the 1,192 sqft living area?
No, typically the listed "living area" refers to above-grade, finished space. The 1,192 sqft is the main floor footprint. The finished basement provides additional usable space that adds functional value but is not counted in that official figure.
3. What are the implications of the home being built in 1983?
Homes from this era often feature modern wiring standards and more efficient insulation than older stock, but may be due for scheduled updates like windows, roofing, or major appliances. Its age places it in a sweet spot for many: established neighborhood, but not requiring the extensive overhaul of a much older character home.
4. Who might this property NOT suit?
It may not fit growing families needing multiple bedrooms and bathrooms on one level, or those seeking a modern, open-concept layout, as bungalows of this vintage often have more defined rooms. Buyers wanting a turn-key, newly renovated home without any projects should also investigate the condition thoroughly.
5. How should I interpret the assessment value?
The municipal assessment of $414,000 is used for calculating property taxes and is not the market price. However, the fact that it ranks higher than 68% of Winnipeg homes in assessed value suggests the city views it as a above-average property in terms of its components (lot, building, location), which can be a useful benchmark.