650 Laxdal Road

Property Overview & Key Characteristics

This 1969-built three-level split home in Elmhurst offers a classic and practical layout on a generous 7,537 sqft lot. With 1,157 sqft of living space, an unfinished basement, and an attached garage, it presents a straightforward, functional canvas. Its primary appeal lies in its established neighborhood setting and the significant potential for personalization and future expansion, both inside and out. The property's standout feature is its lot size, which ranks larger than 87% of all homes in Winnipeg, providing exceptional outdoor space for gardening, play, or future additions.

This home is ideally suited for first-time buyers, hands-on renovators, or value-focused investors. It's a property where you can build equity through gradual improvements, starting with the unfinished basement. The large, flat lot is a significant asset for those who prioritize outdoor space over brand-new interiors, offering possibilities that are hard to find in newer subdivisions.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It provides a blank slate with full headroom, ready for you to design and finish according to your needs—whether that's a recreation room, extra bedrooms, or a rental suite (subject to permits and zoning).

2. How does the 1969 build year affect the home?
While the structure is solid, buyers should budget for potential updates to major aging components, such as the roof, windows, or original plumbing and electrical systems. A thorough inspection is advised.

3. What are the advantages of the large lot?
Beyond ample yard space, the lot size is a long-term financial and lifestyle asset. It offers privacy, room for expansions like a deck or garage, and typically holds its value well in the neighborhood.

4. Who might the "three-level split" layout not suit?
The multiple short staircases between living areas can be challenging for those with significant mobility issues or for families with very young children who need constant visual supervision.

5. The assessed value is lower than some nearby homes. Is this a concern?
Not necessarily. The assessment reflects the home's current, unrenovated state. It can represent a lower property tax base and a clear opportunity to increase the home's market value through strategic updates.