Property Overview: 91 Woodfield Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1979 bi-level home at 91 Woodfield Bay in Elmhurst presents a compact and efficient living space of 925 sqft, which is notably smaller than most area homes. Its key features include a renovated basement and a detached garage. The property sits on a roughly 5,200 sqft lot, which is typical for its immediate street but smaller than many lots in the broader Elmhurst neighborhood.
The primary appeal lies in its value proposition and practicality. With a recently sold price and an assessed value significantly below the area average, it offers a more accessible entry point into the Winnipeg market. The renovated basement adds functional living space, making the home more versatile than its square footage might suggest. This property would suit first-time buyers, downsizers, or investors seeking a lower-maintenance home with updated essentials. It’s for those who prioritize financial efficiency and a manageable footprint over expansive square footage, offering a chance to live in a established neighborhood without the premium price tag of larger homes.
Frequently Asked Questions
1. How does the home's size compare to others?
At 925 sqft of living area, this home is smaller than most comparable properties in Elmhurst and even on its own street. The renovated basement helps offset this by providing additional finished space.
2. Is the assessed value a good indicator of the market price?
The assessed value is approximately $37.7k, which is well below the neighborhood average. The home recently sold for $39.1k, suggesting the assessment is closely aligned with its current market value as a compact, entry-level property.
3. What is the lot size, and is it typical?
The lot is approximately 5,186 sqft. This is average for Woodfield Bay but is considered below average for the Elmhurst area as a whole, where lots are often larger.
4. What type of neighborhood is Elmhurst?
Elmhurst is an established Winnipeg neighborhood with homes primarily from the mid-20th century. The data shows homes here typically have larger lots and higher assessed values than this particular property, indicating it is among the more modest homes in the area.
5. Who would this property not suit?
It may not suit buyers looking for ample above-ground square footage, a large yard by Elmhurst standards, or a home at the higher end of the neighborhood's value spectrum. It is a pragmatic choice rather than a premium one.