Property Overview: 99 Woodfield Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Elmhurst offers a practical, renovated living space on a standard-sized lot. With 1,248 sqft of living area, it sits comfortably in the middle range for its immediate neighborhood and the wider city, making it a straightforward, functional home. A key feature is the renovated basement, which adds valuable finished space. The home was built in 1978, placing it among the older homes on its street but aligning with the typical age for the broader area.
Its primary appeal lies in its relative affordability and simplicity. The assessed value is notably below average for the Elmhurst neighborhood, suggesting a potentially accessible entry point into the area. This is a home for buyers who prioritize function and value over size or newness. It would suit first-time buyers, downsizers looking for a manageable single-level layout, or value-focused investors. A thoughtful perspective is that while the lot is smaller than the Elmhurst average, it is typical for the specific street, offering lower maintenance—a trade-off that might be appealing for those seeking a established community without extensive yard work.
Section 2: Frequently Asked Questions
1. How does the value of this home compare to the area?
The home’s assessed value is below the average for the Elmhurst neighborhood, but closer to the city-wide average. This suggests it may offer a more affordable option within this specific community.
2. What is the significance of the renovated basement?
The renovated basement effectively increases the usable living space of the home, which is a significant advantage as the main floor living area is modest in size compared to some area homes.
3. Is the lot size a concern?
The lot is approximately 5,250 sqft, which is smaller than the average lot in Elmhurst but is actually around the average for Woodfield Bay itself. It provides outdoor space while likely requiring less upkeep than larger properties.
4. How does the age of the home factor in?
Built in 1978, the home is older than many on its own street. Buyers should factor in the potential for age-related maintenance, though a renovated basement indicates some updates have been made.
5. What can past sale prices tell us?
The home sold in 2020 for a price consistent with its current assessed value. A previous sale in 2017 was significantly higher, which may reflect broader market changes over time. Consulting with a local agent for a current market analysis is recommended.