Property Summary: 58 Woodchester Bay
Key Characteristics & Appeal
This 1983-built, one-storey home in Elmhurst offers a practical, single-level layout with 1,010 sqft of living space on a generous 5,527 sqft lot. Its key features include a finished basement and an attached garage. The appeal lies in its established neighbourhood setting and its notably well-maintained age relative to the area—it ranks newer than 97% of homes on its own street. The lot size provides ample outdoor space, which is a valuable asset in a mature community.
The property would suit first-time buyers or downsizers looking for a manageable, no-stairs floorplan in a quiet area. Its value proposition is grounded in its above-average condition for its age and the potential of its large yard. A thoughtful perspective is that while the interior living space is modest, the significant lot size offers room for expansion or gardening, presenting a balance of immediate livability and long-term potential.
Frequently Asked Questions
1. How does the age of this home affect its value and maintenance?
While 43 years old, the home ranks significantly newer than most on its street, suggesting it has been better maintained or updated over time compared to its immediate neighbours. Buyers should still budget for age-related upkeep common to houses of this era.
2. What does the finished basement include?
The listing confirms the basement is finished but does not specify the rooms or quality. Viewing is essential to determine if it’s a recreational space, contains additional bedrooms, and to check for any moisture issues common in older basements.
3. Why is there a large difference between its rankings for size and age?
The home ranks very well for its age but lower for its living area. This indicates it’s a smaller, well-kept bungalow on a large lot—a typical profile for older neighbourhoods, prioritizing lot size over the square footage of the house itself.
4. Is the assessed value a reliable indicator of the selling price?
The municipal assessment is one factor in market valuation. With an assessed value of $373,000, the final sale price will be determined by current market conditions, the home’s specific features, and buyer demand.
5. What is the neighbourhood like for amenities and lifestyle?
As part of the established Elmhurst area, residents typically benefit from mature trees, settled streets, and nearby local amenities. Prospective buyers should explore the specific area to assess proximity to shops, schools, and parks that match their lifestyle needs.