Property Overview: 20 Woodchester Place

This well-established 4-level split home in Elmhurst offers a compelling blend of space, location, and value. Built in 1983, it sits on a large, nearly 10,000 sqft lot, providing a sense of privacy and room that is increasingly rare. With over 1,600 sqft of living space and a finished basement, the layout is practical for family life. Its standout appeal lies not just in the home itself, but in its position within the community. The property ranks in the top tier for lot size, age, and assessed value compared to most homes across Winnipeg, suggesting a solid and desirable footprint in a mature neighbourhood. It’s a home that suits buyers looking for a move-in ready property with room to grow outdoors, who value established communities over brand-new construction, and who appreciate a home with a track record of stable value.

Key Details & FAQs

Key Characteristics & Appeal:
The home is defined by its generous, landscaped lot—a major asset offering potential for gardening, play, or expansion. As a 4-level split, it provides distinct living zones, which can be ideal for separating family activity from quieter spaces. Its appeal is grounded in established desirability; it outperforms a significant majority of Winnipeg homes in key metrics like lot size and assessed value. This isn't a flashy property, but a substantively good one. It would suit a growing family or someone seeking a long-term home with outdoor space in a settled area, or a value-conscious buyer who recognizes the inherent worth of land and location over purely cosmetic finishes.

Frequently Asked Questions:

1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being newer than 97% of homes on its street and having a larger lot than 94% of homes city-wide are strong indicators of its above-average standing in terms of space and relative age within its context.

2. Is the finished basement included in the 1,606 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement provides additional usable rooms, but this square footage is usually separate, adding functional space beyond the official figure.

3. How does the 2019 sale price relate to the current assessment?
The property sold for $382,000 in 2019 and now has a municipal assessment of $473,000. This increase reflects market changes and the city's valuation for tax purposes, not a guaranteed sale price. It indicates significant appreciation over that period.

4. What are the pros and cons of a 4-level split layout?
Pros include defined separation between living, sleeping, and recreational areas, which can offer privacy and reduce noise. A potential con is the number of stairs between levels, which may be a consideration for those with mobility concerns.

5. Why is the lot size such a highlighted feature?
At nearly a quarter-acre, the lot is a substantial and permanent asset. In mature neighbourhoods, large lots are finite resources. It offers immediate benefits for privacy and recreation, and represents long-term value that smaller, newer properties often cannot match.