Property Overview
This 1979-built, 960 sqft bungalow at 59 Woodstock Lane offers a practical, single-level living layout in Winnipeg's Elmhurst neighborhood. Its key characteristics include a fully finished basement, an attached garage, and a notably generous lot of approximately 4,695 sqft. The home's appeal lies in its efficient use of space, low-maintenance bungalow design, and the significant potential of its large yard for gardening, recreation, or future expansion. It particularly suits first-time homebuyers seeking an entry point into the market, downsizers looking for a manageable property without stairs, or value-oriented buyers who see potential in a solid, well-located home where updates can be made over time.
A less obvious perspective is its competitive standing within its immediate area: while its overall size is modest, it ranks very highly for its newer construction year on its street (top 3%), suggesting it may be among the more contemporary homes in that specific locale. This, combined with a lot size that provides a relative sense of privacy and room to breathe, offers a compelling blend of a newer structure on a spacious plot.
Key Questions for Buyers
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Elmhurst, and across all of Winnipeg. For example, being newer than 97% of houses on its street is a significant local advantage, while the lot size is a top-tier feature in the broader community context.
2. Is the finished basement included in the 960 sqft living area?
No, the 960 sqft figure refers to the above-ground living space. The finished basement provides additional, valuable square footage that is not reflected in that primary number.
3. Who might this property not be ideal for?
It may not suit buyers who require substantial immediate living space all on one level or who are seeking a modern, recently renovated home without any projects. The rankings indicate the interior size is below average for the city.
4. How should I interpret the assessment value?
The municipal assessment of $367,000 is for tax purposes and provides a benchmark. Market value can differ based on condition, updates, and current market dynamics. It ranks higher than average city assessments, suggesting the property is in a reasonably valued area.
5. What are the main trade-offs with this home?
You are trading some interior square footage for a larger, more private lot and a bungalow layout. The value proposition is centered on land size, single-level convenience, and the potential of the finished basement, rather than expansive main-floor rooms.