Property Overview: 563 Laxdal Road, Elmhurst, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This property is a spacious, well-established family home on an exceptionally large lot. Its key characteristic is the generous 18,072 sqft parcel of land, which ranks in the top 2-5% of properties across the local area for size. The 1,671 sqft bungalow, built in 1987, offers a practical single-level layout with a finished basement and an attached garage. The home's appeal lies in its rare combination of a prime, sizable lot within a mature neighbourhood and a solid, modern-enough structure that provides a blank canvas. Its competitive rankings for lot size, assessed value, and living area suggest it outperforms most comparable homes in the immediate area.

It would perfectly suit buyers seeking space and privacy—families looking for room for children to play, gardening enthusiasts, or those dreaming of a future addition like a large deck, workshop, or even a pool. It’s also a strong fit for practical-minded purchasers who value the stability and established character of Elmhurst but want a home that doesn’t require immediate major updates. A less obvious perspective is its potential for multi-generational living; the bungalow style and large lot could accommodate separate entrances or future secondary suites (subject to zoning). This isn't a flashy new build, but a property where the lasting value is firmly rooted in the land itself.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others on its street, in Elmhurst, and across all of Winnipeg. For example, "top 2% in Winnipeg" for lot size means 98% of Winnipeg properties have a smaller lot. It's a quick way to see its competitive standing.

2. Is the large lot more of a benefit or a maintenance burden?
It's both. It offers unparalleled space for recreation, gardening, or expansion, which is rare in the city. However, it does mean more lawn to care for, snow to clear, and potentially higher landscaping costs or water usage. The value is in how you choose to utilize the space.

3. Given the age (built 1987), what major systems might need attention?
While newer than many classic Winnipeg homes, a 39-year-old property will have aging components. A buyer should pay particular attention to the roof, windows, and the furnace/water heater, which are likely at or beyond their typical lifespans and may require planned replacement.

4. How does the finished basement affect living space and value?
The finished basement effectively doubles the usable living area, providing crucial space for a family room, home office, or extra bedrooms. It adds significant functional value, making the home feel much larger than its listed square footage suggests.

5. The assessed value is $530,000. Is that what I should expect to pay?
Not necessarily. Municipal assessed value is for tax purposes and can differ from market value. The price is set by the seller based on current market conditions. The assessment is useful as it confirms the property is consistently valued highly relative to its neighbours, but the final sale price will be determined by buyer demand.