Property Overview: 38 Woodstock Lane
Section 1: Key Characteristics & Appeal
This 1979-built, single-story home in Elmhurst offers a practical and straightforward living space. Its key features include a fully finished basement, a 960 sqft main floor, and a generous, nearly 3,900 sqft lot. The home recently sold for $411,000, which is notably above its municipal assessment, indicating strong market interest.
The primary appeal lies in its simplicity and lot size. As a one-storey layout with a finished basement, it provides flexible space without the complexity of a multi-level floor plan. The large lot is a significant asset, offering ample outdoor space for gardening, play, or future expansion in a mature neighbourhood. Its competitive rankings for lot size and newer construction year within its immediate street suggest it stands out positively among its closest neighbours.
This property would suit first-time buyers seeking a manageable, entry-level home with room to grow outdoors, or downsizers looking for a single-level living arrangement without sacrificing yard space. It’s a pragmatic choice for those who value functional space and land over high-end finishes or square footage, and who appreciate a home that has already demonstrated solid resale value.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $411,000 in November 2024, which is approximately $61,000 above its municipal assessed value of $350,000. This suggests the market currently values the property higher than its official assessment for taxation purposes.
2. What does the "ranking" data mean?
The rankings show how this property compares to others in specific categories. For example, its lot size ranks in the top 3% on its street but its living area is smaller than most in the broader community. This indicates a home with a relatively large yard for its immediate area, but modest interior space compared to the neighbourhood average.
3. Is the basement included in the 960 sqft living area?
No. The 960 sqft refers to the above-ground, main floor living area. The basement is additional, finished space.
4. What are the implications of a 47-year-old home?
Built in 1979, the home is in the mature phase of its lifecycle. This often means established landscaping and a settled neighbourhood character, but buyers should be prepared for potential updates to major aging components like the roof, windows, or mechanical systems.
5. There's no garage. Is there parking?
The listing specifies no garage. Parking would likely consist of a driveway or on-street parking. The large lot may offer potential to add a garage or carport, subject to local bylaws and permits.