845 Laxdal Road

Property Overview: 845 Laxdal Road, Winnipeg

Key Characteristics & Appeal

This 988 sqft, one-storey home sits on a generous 7,177 sqft lot in Elmhurst. Built in 1971, it features a finished basement and no garage. Its core appeal lies in its established, quiet neighbourhood and the significant lot size, offering ample outdoor space that is increasingly rare. The 2022 sale price of $427,000 suggests it has been a sought-after property in the recent market.

The home is a strong candidate for a first-time buyer, a downsizer, or a hands-on owner. Its price point and manageable size make it accessible, while the large yard presents a clear value-add opportunity for gardening, expansion, or simple family enjoyment. The finished basement adds flexible living space. It’s worth noting that while the home ranks highly for its lot size city-wide, its living area and assessed value are more modest in comparison, indicating a property where the land itself is a primary asset. This dynamic suits a buyer comfortable with a home that may require updates over time, trading immediate modern finishes for space and long-term potential in a mature area.

Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, its lot size ranks in the top 16% city-wide, which is a standout feature, while its living area is more average locally.

2. Is the lack of a garage a major drawback?
This depends on buyer needs. While it means no dedicated vehicle storage or workshop space, the large lot provides ample room to add a garage or shed in the future, subject to local bylaws. For some, the trade-off for more yard space is acceptable.

3. The home sold for $427,000 in 2022, but the current assessed value is $342,000. Why the difference?
Municipal assessments for tax purposes often lag behind market sale prices and use a different valuation model. The 2022 sale price reflects what a buyer was willing to pay in the market at that specific time, while the assessment is an estimate of value for taxation.

4. What does the "finished basement" entail?
The listing confirms the basement is finished, meaning it has been developed into livable space (e.g., with proper walls, flooring, and ceiling). However, the specific layout, room types, and finish quality are not detailed here and should be verified in a viewing.

5. Who might this property not suit?
It may not be ideal for someone seeking a move-in-ready, modern open-concept layout without any projects, or for a buyer who requires substantial indoor square footage or attached garage parking immediately. It’s best suited for those who see potential in the land and are prepared for the character and maintenance of a 55-year-old home.