257 Laxdal Road

Property Summary: 257 Laxdal Road, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic, well-maintained one-storey bungalow built in 1971, situated on a generous 6,002 sqft lot in the established Varsity View neighbourhood. Its key features include 873 sqft of living space and a finished basement, offering functional living areas. The property does not have a garage or pool.

The primary appeal lies in its location and lot size. The home sits on a large parcel of land for the area, providing ample outdoor space and future potential in a mature, central community. Its rankings indicate it is a solid, average-sized home for the specific street and neighbourhood, but its lot is notably larger than many in Winnipeg, giving it a competitive edge. The finished basement adds valuable, flexible living space.

This home would best suit first-time buyers, downsizers, or practical investors seeking an entry into a stable neighbourhood without the premium for a new build. It’s for buyers who value land size and location over a large interior footprint or modern amenities, and who are comfortable with a home that offers a blank canvas for personal updates over time.

Section 2: Frequently Asked Questions

1. What is the significance of the property rankings provided?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. They show that while the house itself is average in size for the area, its lot is significantly larger than most in the city, which is a key asset.

2. Is the lack of a garage a major drawback?
For some buyers, yes. However, the large lot provides ample space for adding a parking pad or future garage, subject to city bylaws. This could be seen as an opportunity for customization rather than a strict limitation.

3. The home was built in 1971. What should I be aware of?
While systems like roof, windows, and plumbing may have been updated, a thorough inspection is essential to assess the condition of original components. The age also means the layout and style are classic, not modern open-concept.

4. How does the 2017 sale price compare to the current assessment?
The home sold for $285,000 in 2017 and now has an assessed value of $338,000. This increase reflects broader market trends and the value of the substantial lot. The assessment is a starting point for market valuation, not a guaranteed sale price.

5. What are the pros and cons of a finished basement?
The pro is immediate additional living space (e.g., for a family room, office, or guests). The con is that it limits your ability to see the condition of the foundational walls, insulation, and mechanical systems without intrusive investigation. Ensure the finish was done with proper permits and moisture control.