174 Woodfield Bay

Property Overview

This two-storey home in Elmhurst offers a practical and well-established family living environment. Built in 1982, its key appeal lies in its generous proportions and mature setting. With 1,620 sqft of living space on a large 5,497 sqft lot, it provides ample room both inside and out. The home features an unfinished basement, presenting a clear opportunity for future customization or added storage. Its rankings indicate a property that is notably newer and larger than most on its own street, offering a sense of space and relative modernity in its immediate locale. This is a home for buyers who value solid, no-frills foundations—perhaps first-time homeowners looking for room to grow, or practical investors who see potential in the unfinished spaces. It suits those who prefer a quiet, established neighbourhood over a brand-new development, and who appreciate having a project they can tailor over time, without the pressure of immediate major renovations.

Key Questions for Consideration

1. What is the true value of the high "street rankings"? While the home ranks very well for its age and size compared to its direct neighbours, its rankings are more moderate within the broader community. This suggests a desirable, consistent street where this property holds its own, but buyers should research recent sales on the block to understand the specific market dynamics.

2. What are the implications of the unfinished basement? This space is a significant blank canvas. Buyers should budget for potential future development costs (insulation, flooring, permits) and consider whether the existing layout allows for a convenient staircase and adequate ceiling height to make finishing it a viable project.

3. How does the 1982 construction year affect the home? Homes from this era may have original components, like windows, roofing, or major systems, that are nearing or at the end of their typical lifespan. A thorough inspection is crucial to identify which elements have been updated and which may require upcoming investment.

4. Who might the "top 22%" city-wide living area ranking appeal to most? For families or those who regularly work from home, the above-average interior space is a strong asset. It suggests the home likely has a functional layout with multiple bedrooms or distinct living areas, making it a practical choice for daily life over purely aesthetic appeal.

5. What is the balance between lot size and maintenance? The large lot offers great private outdoor space, but also entails more responsibility for landscaping, lawn care, and seasonal upkeep. Buyers should consider if the space aligns with their lifestyle—whether it's a welcome opportunity for gardening or a potential burden.