Property Overview: 63 Woodstock Lane

Key Characteristics & Appeal

This 1979-built, one-storey home in Elmhurst offers a practical 1,028 sqft layout on a generous 3,730 sqft lot, featuring a finished basement and an attached garage. Its core appeal lies in being a solid, no-fuss property within a well-established neighbourhood. The data reveals a nuanced position: while its living space is modest compared to many area homes, the lot size is a strong asset, and the structure itself is notably newer than most on its street. The assessed value positions it as a middle-ground option in the broader Winnipeg market.

This home would suit first-time buyers or downsizers seeking a manageable, single-level living space without a major renovation project. It’s also a pragmatic choice for an investor looking for a stable, rentable property. A thoughtful perspective is that this home represents a balance—it trades some interior square footage for a larger-than-average yard in the area, appealing to those who value outdoor space over expansive indoor rooms. Its age means major components may be due for updates, but it also avoids the premium of a brand-new build.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The rankings show a mixed picture. It excels on its specific street for lot size and being a newer build, but its living space is below the community average. This suggests you're getting a well-situated property with a valuable yard, but the interior is more compact.

2. What does the "finished basement" entail?
The listing confirms a finished basement, which adds functional living space. Prospective buyers should inquire about the finish quality, ceiling height, moisture control, and whether it includes a proper egress window to understand its full value and safety.

3. Is the price aligned with the assessed value?
The current assessment is $368,000. While market price can differ, this provides a benchmark for municipal taxation and a general indicator of value relative to nearby properties. Checking recent sale prices of comparable homes is essential.

4. What are the implications of the home's age (built 1979)?
A home from this era may have original components, like the roof, windows, or furnace, nearing the end of their service life. This isn't a deterrent but is a key factor for inspection and budgeting, potentially offering negotiation leverage.

5. Who would this property NOT suit?
It may not fit buyers prioritizing large, modern open-concept interiors or those seeking a move-in-ready home with all contemporary updates. The rankings indicate it offers space efficiency rather than abundance, ideal for simpler living.