Property Summary: 42 Woodstock Lane
Section 1: Key Characteristics & Appeal
This 1979-built, one-storey home in Elmhurst offers a practical and low-maintenance living arrangement on a nearly 4,000 sqft lot. Its key features include a fully finished basement and an attached garage. With 924 sqft of living space, it presents a compact and efficient floor plan.
The primary appeal lies in its value proposition and established neighbourhood setting. The home ranks notably well for its age within its immediate street, suggesting it is among the better-maintained older properties on the block. It would suit first-time buyers seeking an entry point into the market, downsizers looking for a manageable single-level layout without a large yard to upkeep, or pragmatic investors interested in a property with solid fundamentals in a mature area. A less obvious perspective is its potential for those who value "sweat equity" in a home that is fundamentally sound but may benefit from cosmetic updates, allowing for personalization while building equity.
Section 2: Frequently Asked Questions
1. How does the home's age impact its condition and value?
While built in 1979, its ranking shows it is newer than 97% of homes on its street, indicating it is a relatively recent build in that specific context. Buyers should still prioritize a thorough inspection focusing on aging components like the roof, windows, and major systems.
2. What do the competitive rankings actually mean?
They show how this property compares to others in specific categories. For example, ranking "in the top 3%" for age on its street is positive, while ranking "in the top 96%" for size in the community confirms it is a smaller home relative to most neighbours.
3. Is the finished basement included in the 924 sqft living area?
Typically, the listed living area (924 sqft) refers to above-ground, finished space. The finished basement provides additional usable rooms but is not usually counted in the official square footage, adding functional space beyond the main figure.
4. Who would this property not be ideal for?
It may not suit growing families needing more above-ground bedrooms and living space, or buyers who prioritize a modern, open-concept layout without renovation work. The smaller interior size relative to the community is a key consideration.
5. How should I interpret the assessment value versus the listing price?
The municipal assessment of $351,000 is for tax purposes and is one data point. The listing price is set by the seller based on current market conditions. A comparative market analysis (CMA) from your agent is essential to determine a fair offering price.