74 Woodstock Lane

Property Overview

74 Woodstock Lane is a well-maintained, single-storey home in Elmhurst, built in 1979. Its key appeal lies in its balance of established character and practical updates. The home sits on a generous 5,089 sqft lot and features a finished basement and an attached garage. While its 924 sqft of living space is modest, the property offers solid value in a mature neighbourhood.

The home’s standout characteristic is its relative newness compared to others on its street, ranking newer than 97% of nearby houses. This suggests it may have fewer of the major upkeep concerns common to older builds. Its appeal is for the practical, value-conscious buyer—perhaps a first-time homeowner, a downsizer, or an investor—who prioritizes a move-in ready, low-maintenance property with a large yard over expansive interior square footage. It suits someone who wants the stability of an established area without the constant repair projects of an older home. A less obvious perspective is that its smaller interior footprint can mean lower utility costs and less to maintain, which is a growing priority for many.

Key Questions & Answers

1. Is the finished basement included in the 924 sqft living area?
No, the 924 sqft figure refers to the above-ground living space. The finished basement provides additional usable rooms but is not counted in the official living area calculation.

2. How does the property’s value compare to the neighbourhood?
The home’s assessed value of $357,000 ranks higher than 53% of all Winnipeg homes, but only higher than 17% within its own Elmhurst community. This indicates it may be priced above the immediate neighbourhood average, possibly reflecting its condition, lot size, or updates.

3. What does the ranking for "newness" actually mean?
Being newer than 97% of homes on its street simply means it was built more recently than most of its direct neighbours. Given it's a 1979 build, this highlights that Woodstock Lane is a street of predominantly older homes.

4. Who might this property not suit?
It may not suit buyers looking for ample above-ground bedroom space or open-concept living, given its smaller main-floor square footage and traditional layout. Growing families needing multiple large bedrooms might find it cramped.

5. Are there any obvious concerns from the data?
The living area size ranks in the bottom 25% for both the street and the wider community, which is a trade-off for the larger lot. Buyers should ensure the layout and room sizes meet their needs, as the finished basement will be crucial for additional space.