Property Overview: 62 Woodstock Lane, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1979-built, 960 sqft bungalow sits on a generous 4,644 sqft lot in Elmhurst. Its key features include a fully finished basement and an attached garage. The home’s primary appeal lies in its balance of established neighborhood character and relative value. While the living space is compact, the finished basement effectively doubles the usable area, offering flexibility for recreation, home office, or guest space.
Its standout characteristic is its exceptional position for the street: it ranks newer than 97% of other homes on Woodstock Lane, suggesting it is among the most recently built properties in its immediate surroundings. This is a notable advantage in a mature neighborhood. The lot size is also a significant asset, providing ample outdoor space for gardening, play, or expansion relative to the home's footprint.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout in a settled area without the premium of a brand-new home. It’s a practical choice for those who value a larger yard and the potential of a finished basement over a larger main floor area. The rankings indicate it offers a compelling mix within its specific locale—being newer than most on its street while being priced below many in the wider community.
Frequently Asked Questions
1. What does the "newer than 97% on the street" ranking mean practically?
It means this 1979 home is one of the newest constructions on Woodstock Lane. In a mature neighborhood, this can imply potentially fewer major age-related updates in the near term compared to older neighbors, and a home that may better align with modern layouts or materials of its era.
2. How does the finished basement impact the living space?
While the main floor is 960 sqft, the finished basement significantly expands the functional living area. It’s ideal for creating separate zones for living, working, and storage, making the overall property feel more spacious than the main floor square footage suggests.
3. The home ranks lower for size in the community. Is it too small?
This depends on your needs. The rankings confirm it's a more compact home in Elmhurst. It suits those looking for efficient, low-maintenance living. The value comes from the larger lot and the finished basement, which offset the modest main floor plan.
4. What is the significance of the lot size?
At 4,644 sqft, the lot is a substantial feature. It provides valuable outdoor space that is often harder to find in newer subdivisions. This space offers privacy, room for activities, and future potential like a garden, shed, or deck.
5. How should I interpret the assessment value in relation to the asking price?
The municipal assessment of $365,000 is a benchmark for property taxes, not a market price. Its ranking shows it's assessed higher than 55% of Winnipeg homes, indicating the city views it as a solid, mid-range property. Market conditions, recent renovations, and seller motivation will determine the final sale price.