Property Overview: 810 Laxdal Road

This 1986-built, single-storey home in Elmhurst offers a practical and comfortable living space on a generous 5,717 sqft lot. With 1,373 sqft of living area and a finished basement, it provides a well-proportioned layout for everyday life. The home presents a notable value proposition, with its current assessed value of $445,000 ranking higher than most properties in Winnipeg, suggesting solid underlying value for the area. Its appeal lies in its established neighborhood setting, manageable size, and the potential inherent in a home from the 1980s that has been maintained and updated over time. This property would suit first-time buyers looking for a move-in-ready home with room to grow, downsizers seeking a convenient single-level layout without sacrificing yard space, or value-oriented investors attracted by its strong relative assessment and finished basement.

Key Considerations & FAQs

1. What is the true condition of the major systems? Given the home's age of nearly 40 years, prospective buyers should prioritize inspections of foundational components like the roof, windows, plumbing, and electrical systems. These are at a stage where some may have been updated, but others could require attention, impacting budgeting.
2. How does the finished basement add to the living space? The finished basement is a significant asset. Clarifying the quality of the finish, ceiling height, presence of egress windows, and whether it includes a separate entrance or bathroom will determine if it’s suited for casual family use, a home office, or potential rental income.
3. What is the neighborhood vibe and convenience like? Elmhurst is a mature community. It’s worth exploring local amenities, traffic patterns on Laxdal Road, and the character of the immediate block to see if it aligns with your lifestyle, as the home itself ranks moderately within the community for size and value.
4. Why is the assessed value notably higher than the 2017 sale price? The $445,000 assessment, ranking in the top 26% city-wide, reflects municipal valuation for tax purposes and general market appreciation. It doesn't guarantee a sale price, but indicates the city views it as a higher-value property within its peer group, which is a positive data point.
5. What are the less obvious advantages of a 1980s build? Homes from this era often feature more generous room sizes and lot dimensions than newer builds, along with established landscaping. While modern updates may be needed, the underlying structure typically avoids some of the complexities of much older homes, offering a balanced middle ground.