131 Woodchester Bay

Property Summary

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1983, situated on a generous 5,309 sqft lot in Elmhurst. Its key features include a fully finished basement and an attached garage. With 1,120 sqft of living space, it offers a practical layout for comfortable living.

The home's primary appeal lies in its established, quiet neighbourhood and its notable condition relative to its age. It ranks exceptionally well for its "newness" on its street (top 3%), suggesting it has been updated or cared for better than many of its immediate peers. This positions it as a solid, move-in-ready property in a mature area. The large lot provides valuable outdoor space and potential for gardening or expansion.

This property would best suit first-time buyers, downsizers, or practical investors seeking a low-maintenance home without the premium of a new build. It’s for those who value a stable community character over modern square footage, and who appreciate a home that stands out positively in its local context for its upkeep and lot size.

Frequently Asked Questions

1. How does the age of the home affect its value and maintenance?
While built in 1983, its high ranking for "newness" on the street indicates it is in better relative condition than most neighbours. Buyers should still budget for updates to aging components like the roof, windows, or major systems, but the data suggests it may require less immediate work than comparable homes of the same vintage.

2. What do the ranking percentages actually mean for me?
They show how this home compares to others in the area on specific metrics. For example, ranking in the top 3% for age on its street is a strong positive, while its lower ranking on assessed value (top 81%) could indicate room for value growth or a more affordable entry point into the street.

3. Is the finished basement included in the 1,120 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional space for recreation, guests, or storage not reflected in the main square footage figure.

4. The 2017 sale price was $350,000. What does the current assessment suggest?
The current assessed value of $391,000 provides a municipal valuation for tax purposes, not a market price. It indicates an upward trend in the property's official value since 2017, but the final sale price will be determined by current market conditions.

5. Who would this home not be ideal for?
It may not suit buyers seeking a brand-new, open-concept layout or very large interior spaces. The floor plan is characteristic of its era, and the living area is modest compared to newer builds. It's a home for those who prioritize lot size, established gardens, and neighbourhood stability over maximizing square footage.