Property Overview: 701 Laxdal Road, Winnipeg

Key Characteristics & Appeal

This 1970-built, one-storey home in Elmhurst sits on a generous 7,777 sqft lot, offering a solid foundation in a mature neighbourhood. Its key characteristics include a fully finished basement, a split garage, and 1,262 sqft of living space. The appeal lies in its established setting and notable rankings: the property outperforms 88% of all Winnipeg homes in lot size and sits in the top third of its immediate street for living space and assessed value. This suggests a property that offers more outdoor space and relative value compared to many city-wide options.

It would suit practical buyers looking for a move-in-ready bungalow with a large yard, ideal for gardening, play, or future expansion. The home is particularly well-suited for those who value space over newness, as its age and rankings indicate a classic, well-situated property rather than a modern build. A thoughtful perspective is that its strong lot-size ranking is a permanent advantage in a land-locked city, while the interior offers a straightforward canvas for gradual updates. It’s a home for buyers seeking stability and room to breathe, without venturing to the outer suburbs.

Frequently Asked Questions

1. How does the age of the home (1970) affect its condition and potential costs?
While the home is over 50 years old, it presents as maintained and liveable with a finished basement. Buyers should budget for updates to major aging components, such as the roof, windows, or heating system, common for homes of this era. Its newer-than-average ranking on its street (top 43%) is a positive indicator relative to its immediate neighbours.

2. What does the "split garage" configuration mean?
A split garage typically refers to a two-car garage where the bays are separated by a wall or column, as opposed to one wide, open space. This can offer more flexible storage or workshop areas.

3. The community ranking for "newness" is low (top 84%). What does this imply?
This means the home is older than most in the broader Elmhurst community. This isn’t unusual for a mature neighbourhood and often correlates with larger lot sizes and established greenery. It indicates the area is well-developed, not rapidly turning over with new constructions.

4. Are the provided rankings a reliable measure of value?
The rankings are excellent comparative tools, showing how this property stacks up against nearby and city-wide benchmarks for metrics like size and assessed value. They highlight this home's standout feature is its lot size. They should be used as a data point alongside a physical viewing and inspection.

5. The assessment is $398,000. Is this the sale price?
No. The assessed value is set by the municipal government for taxation purposes. The sale price is determined by the market and can be higher or lower than the assessment, though the assessment is a useful benchmark.