Property Overview: 849 Laxdal Road

This well-situated 3-level split home in Elmhurst presents a practical opportunity in Winnipeg's housing market. Built in 1971, it sits on a generous 7,177 sqft lot, offering more outdoor space than most in the city. The home itself features 1,076 sqft of living space with a finished basement, providing flexible layout options. Its recent sale in July 2024 for $458,000, notably above its assessed value, indicates strong market appeal and suggests the property may have been updated or well-maintained. The rankings show it outperforms a majority of Winnipeg homes in lot size and recent sale value, while being more average in terms of living space and age for its immediate neighborhood.

Key Characteristics & Ideal Buyer

The primary appeal lies in its established location and the value of its large, private lot—a rarity that offers room for gardening, play, or expansion. As a 3-level split, the floorplan naturally creates distinct living zones, which can be ideal for separating family activity areas. The finished basement adds immediate functional space without the need for a project.

Its appeal is grounded, not in luxury finishes, but in solid fundamentals: a desirable lot size in a mature neighborhood. It would suit a first-time buyer or a practical downsizer who prioritizes outdoor space and neighborhood character over a brand-new home. It's also a sensible fit for someone comfortable with a home of this vintage, who may see value in its good bones and the potential to personalize it over time.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 16%" for lot size in Winnipeg means 84% of city homes have smaller lots, highlighting a key strength.

2. Why did it sell for so much more than its assessed value?
Municipal assessments are for tax purposes and often lag behind the current market. The sale price reflects what buyers were recently willing to pay, potentially due to updates, condition, or high demand for homes in this area with large lots.

3. Is a 3-level split layout a drawback?
It depends on preference. This style offers separation between living and sleeping areas but involves more stairs. It can feel more spacious than a bungalow of similar square footage and is a classic, functional design for many families.

4. What are the implications of the home being 55 years old?
You benefit from mature trees and an established neighborhood. Buyers should budget for routine maintenance consistent with a home of this age and consider a thorough inspection to understand the condition of major systems like roof, windows, and plumbing.

5. There's no garage. How big of an issue is that?
This is a key consideration. The large lot does offer potential for adding a garage or shed in the future, subject to permits. For now, buyers must be comfortable with street parking or the cost/feasibility of adding a driveway parking pad.