54 Woodstock Lane

Property Overview: 54 Woodstock Lane

Key Characteristics & Appeal

This 1979-built, single-story home in Elmhurst offers a practical and comfortable living space on a generous 4,833 sqft lot. Its key features include a fully finished basement, an attached garage, and 1,316 sqft of living area. The home’s appeal lies in its established, quiet neighbourhood and its notable rankings against local comparables. It stands out for being newer than most on its street (top 3%) and having a higher total assessed value than 90% of its immediate neighbours, suggesting a well-maintained or updated property in its context. The lot size is above average for the area, offering good outdoor space.

It would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature community. The finished basement adds valuable flexible space for a family, a home office, or recreation. A buyer with an eye for value might appreciate that its assessment is strong for the street, yet the last sale price was relatively moderate for the wider community, potentially indicating room for equity growth as updates are made.

Frequently Asked Questions

1. How does the home’s age affect its condition?
Built in 1979, the home is newer than most on its block. However, being nearly 50 years old, a thorough inspection is essential to assess the current state of major systems like roofing, plumbing, and electrical, which may be original or partially updated.

2. What do the ranking percentages actually mean?
They show how this property compares to others in specific areas. For example, ranking in the “top 10%” for assessed value on its street means it is valued higher than 90% of its closest neighbours, which can be a sign of good relative standing or recent improvements.

3. Is the finished basement included in the 1,316 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional area, adding significant functional space to the home’s total usable footprint.

4. The last sale was in 2020; what might explain the price difference from the current assessment?
The 2020 sale price of $362,000 and the current $413,000 assessment reflect both market-wide price changes over four years and possible improvements made to the property. The assessment is an estimate for taxation, not a market price, but the increase suggests solid value retention.

5. What is the neighbourhood (Elmhurst) like for day-to-day living?
As a mature Winnipeg neighbourhood, Elmhurst typically offers tree-lined streets, settled communities, and proximity to local amenities. Specifics on schools, transit, and shopping would require further local research or a visit to the area.