Property Overview: 8 Woodstock Lane
Key Characteristics & Appeal
This is a well-maintained, two-storey family home built in 1978, situated on a generous 4,198 sqft lot in Elmhurst. Its key features include a fully finished basement and an attached garage. With 1,152 sqft of living space, it offers a practical layout for daily life. The home’s appeal lies in its established neighborhood setting and its solid, no-frills foundation. It presents itself not as a luxury item, but as a dependable and functional property.
The data reveals a house that holds its own in the broader Winnipeg market, particularly in terms of lot size and living area within its immediate street and community. It tends to rank higher for its physical attributes (size, newer age relative to many neighbors) than for its assessed value, which may suggest room for value appreciation. This profile suits first-time homebuyers looking for a move-in-ready starter home with space to grow, or practical-minded investors seeking a property with strong fundamentals in a stable community. It’s for those who prioritize substance over flash, and who see the potential in a home that already outperforms many of its local peers on key metrics.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home ranks favorably for its lot and living space, surpassing over 70% of houses on its own street for size. Its 1978 build date also makes it newer than half the homes on the street. However, its assessed value is more modest, ranking lower locally, which can indicate a potentially favorable value proposition.
2. Is the basement included in the living area?
No, the 1,152 sqft living area refers to the above-grade space. The fully finished basement provides additional usable rooms and storage, adding significant functional space to the property.
3. What does the sale history tell us?
The home sold for $366,000 in November 2021. Comparing this to the current assessed value of $348,000 requires consideration of market conditions and specific assessment methods. It’s a useful data point for understanding recent market activity for the property.
4. Who might this property not suit?
Buyers seeking a brand-new, low-maintenance build or extensive modern open-concept layouts may find the 1978 architecture requires some compromise. Similarly, those prioritizing top-tier rankings in assessed value within the immediate neighborhood might look elsewhere.
5. What are the less obvious points to consider?
The rankings show a interesting pattern: the home performs very well on its street for physical attributes but faces stiffer competition when compared to the wider Elmhurst community and Winnipeg. This suggests a very solid position on its specific block. The fully finished basement also effectively doubles the usable space, a key factor not reflected in the official living area square footage.