Property Overview: 87 Woodford Bay, Winnipeg
Key Characteristics & Appeal
This 960 sqft bungalow, built in 1973, sits on a generous 5,998 sqft lot in Meadowood. Its key appeal lies in a balanced offering of space and value within a mature neighbourhood. The home is notably the newest build on its street (ranking in the top 3%), which can suggest updated infrastructure or construction standards for the area. While the living space is modest compared to the city average, it is typical for the immediate street and neighbourhood, positioning it as a manageable size for downsizers or first-time buyers.
The lot size is a standout feature, ranking above average for Meadowood, offering more outdoor space than many neighbouring properties. The assessed value is below average for the street, which may indicate an opportunity for a buyer comfortable with potential updates, or simply a competitively priced entry point into a stable area. This property would best suit practical buyers looking for a solid foundation—whether that’s a first home, a downsizing move, or a long-term hold with room to garden or expand outdoors. Its value proposition is grounded in lot size, street-level newness, and a price point that leaves room in the budget.
Frequently Asked Questions
1. What does it mean that this is the "newest" home on the street?
While every home on Woodford Bay was built around the same early-1970s period, this house was built in 1973, making it the most recently built among its 34 direct neighbours. This can sometimes correlate with slightly newer plumbing, electrical, or design features for that specific housing wave.
2. Is the below-average assessed value for the street a concern?
Not necessarily. It primarily indicates that the city's assessment for this property is lower than most on its block. This could be due to a variety of factors, including the home's specific condition, finished space, or past sale prices. It often represents a lower property tax burden and can signal a value opportunity for a buyer.
3. How does the lot size compare practically?
At nearly 6,000 sqft, the lot is larger than over 78% of lots in the broader Meadowood area. This means more private outdoor space, potential for gardening, additions, or detached structures, compared to many homes in the community.
4. The living area seems small. How does it feel for a bungalow?
At 960 sqft, it is a compact bungalow layout. This is very typical for the street (which averages 949 sqft) and efficient for heating and maintenance. It suits those looking for essential main-floor living without excess space to care for.
5. Why is there no public sold price history shown?
Sold price data is not always publicly available or complete for all properties. The listing service offers to provide the exact history manually via email to ensure accuracy and privacy for past transactions, rather than displaying potentially incomplete estimates.