Property Overview: 864 Laxdal Road

Section 1: Key Characteristics & Appeal

This 1972 three-level split home in Elmhurst presents a compelling blend of space, established charm, and relative value. Its key characteristics include a generous 1,428 sqft of living space, a fully finished basement, and a notably large lot of over 7,100 sqft. The home’s appeal lies in its practical layout, which offers distinct living zones across its split levels, and its above-average footprint for the area. It ranks highly within Winnipeg for lot and living space size, indicating a property that offers more room than most in the city.

This property would suit first-time buyers or downsizers looking for a move-in-ready home with ample indoor and outdoor space without a premium price tag. It’s also a sensible fit for value-conscious buyers who prioritize square footage and land over newer construction or high-end finishes. A less obvious perspective is its appeal to those seeking a "blank canvas" property in a mature neighborhood; the large lot and solid structure provide excellent long-term potential for landscaping projects or future renovations, despite the home’s age.

Section 2: Frequently Asked Questions

1. What does the "three-level split" layout mean practically?
This design typically features short flights of stairs separating living areas, creating distinct zones—often with living rooms on one level, bedrooms on another, and a family room or den in the basement. It offers more privacy and separation than a traditional bungalow but with fewer stairs than a two-story home.

2. How does the age of the home (built in 1972) factor in?
While the home is over 50 years old, its ranking shows it is newer than 84% of other homes on its street, meaning the neighborhood is well-established. Buyers should budget for maintenance consistent with a mature home but can also appreciate the character and larger lot sizes typical of that era.

3. There's no garage. Is that a major drawback?
For some buyers, yes. However, the very large lot presents a clear opportunity to add a parking pad or even construct a garage or shed in the future, subject to local bylaws. This is a trade-off that allows for customization.

4. The 2017 sale price was $325,000, with an assessed value now near $397,000. What does this indicate?
This shows market appreciation over seven years, which is in line with broader trends. The current assessment provides a baseline, but the final sale price will be determined by current market conditions, the home's updated condition, and buyer demand.

5. The home ranks highly in Winnipeg for size but lower in the community for assessed value. Why?
This suggests you are getting more physical space (both house and lot) for your dollar in this specific pocket of Elmhurst compared to the city-wide average. It may indicate that the immediate area offers relative value, or that the assessment reflects other factors like the home’s age and features compared to newer or renovated homes in the wider community.