58 Woodstock Lane

Property Summary: 58 Woodstock Lane

Key Characteristics & Appeal

This 1979-built, one-storey home in Elmhurst offers a practical 1,028 sqft layout on a generous 4,991 sqft lot, featuring a finished basement and an attached garage. Its core appeal lies in being a well-sized, single-level living option in an established neighbourhood. The data reveals a compelling contrast: while the home's living area is modest compared to many in Winnipeg, its lot size is a significant asset, and it ranks highly for its newer build year relative to its immediate street. The assessed value also positions it strongly within its local context.

This property would suit first-time buyers or downsizers seeking manageable, single-floor living without sacrificing yard space. It’s a home for a pragmatic buyer who values a solid foundation in a mature area over modern finishes, and who sees potential in the above-average lot. The strong assessment ranking suggests it is perceived as a good value within its micro-market, making it a sensible choice for those looking to enter a stable community.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across Winnipeg. Key takeaways are that it’s newer than most houses on its block, sits on a larger-than-average lot, but has less living space than many area homes. The assessment value ranks highly, indicating it's considered a substantial property for its locale.

2. Is the finished basement included in the 1,028 sqft living area?
No, the 1,028 sqft refers to the above-ground living space. The finished basement is an additional area, adding functional space for recreation, storage, or a guest area.

3. What are the implications of a 47-year-old home?
You benefit from an established neighbourhood with mature landscaping, but should budget for age-related maintenance. A thorough inspection is essential to assess the condition of major systems like roof, plumbing, and heating, which may be near or past their typical lifespans.

4. Who might this property not suit?
It may not fit buyers who prioritize modern, open-concept layouts or require extensive above-ground bedroom space. The rankings indicate the living area is compact, so those needing larger or more contemporary living spaces might find it limiting.

5. How significant is the lot size?
At nearly 5,000 sqft, the lot is a standout feature. It offers ample outdoor space for gardening, play, or entertaining—a rarity for many newer properties—and provides future potential for expansions like a deck or shed, subject to local bylaws.