853 Laxdal Road

Property Overview: 853 Laxdal Road

Key Characteristics & Appeal

This 1971-built bi-level home in Elmhurst sits on a generous 7,176 sqft lot. With 864 sqft of living space and a finished basement, it offers a practical layout. The home’s standout feature is its established, sizable lot, providing ample outdoor space in a mature neighborhood. Recent market activity is confirmed by a sale in September 2023 for $405,000, which is slightly above its current assessed value of $385,000.

Its appeal lies in its grounded positioning within the Winnipeg market. The data suggests it’s a competitively priced, no-frills property that outperforms most of the city in terms of lot size and overall value assessment, but is more modest in its interior living space. It would suit first-time buyers or downsizers looking for a manageable home with a great yard, or an investor seeking a stable rental property in a well-established area. A less obvious perspective is that its age and smaller interior footprint present a clear opportunity: the value here is in the land and the structure's potential for personalization or future expansion, rather than in move-in-ready luxury.

Frequently Asked Questions

1. How does this home rank compared to others in the area?
The home ranks highly for its lot size, surpassing 84% of Winnipeg properties. Its assessed value also ranks well, above 61% of the city. However, its interior living space is more compact, ranking above only 16% of Winnipeg homes.

2. Is the basement included in the 864 sqft living area?
No, the 864 sqft refers to the above-grade living space. The home also features a separate, finished basement, which adds additional usable area.

3. The home sold recently in 2023. What does that mean for the current price?
The September 2023 sale at $405,000 provides a very recent, concrete benchmark for the property's market value, suggesting the current asking price is likely grounded in very contemporary market activity.

4. What does the "bi-level" design mean for daily living?
A bi-level typically means you enter on a middle landing, with stairs leading up to the main living areas and down to the basement. This can offer good separation between living and sleeping areas, but involves more stairs than a bungalow.

5. The house was built in 1971. What should I consider?
While the home has been maintained, its age means prospective buyers should pay special attention to the condition of major systems (roof, wiring, plumbing, furnace) during an inspection. The upside is that older neighborhoods like this often feature mature trees and established landscaping you can’t replicate with a new build.