265 Laxdal Road

Property Overview: 265 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1978 on a spacious 6,001 sqft lot in the established Varsity View neighborhood. Its key features include 1,075 sqft of living space, a finished basement, and an attached garage. The appeal lies in its solid foundation and generous lot size, which is larger than most in the immediate area, offering valuable outdoor space and potential. The home’s age places it in a sweet spot: it’s newer than the majority of houses on its street, suggesting it may have had thoughtful updates over time, yet it retains the character and mature landscaping of an established community.

It would particularly suit first-time buyers or downsizers seeking a manageable, single-level layout without sacrificing yard space. The strong city-wide rankings for lot size and age indicate a property that holds competitive, long-term value for a practical buyer who sees the potential in both the home and the land it sits on. It’s a home for someone who values a quiet, mature neighborhood over brand-new finishes, and who understands the equity in a larger-than-average lot.

Frequently Asked Questions

1. What does the "finished basement" entail?
The listing confirms a finished basement, but specifics on layout, ceiling height, and permits should be verified by a buyer's inspection to understand its full utility and compliance.

2. How does the 1978 build year affect the home?
While newer than many on the street, a home of this age will have original components nearing the end of their lifespan. A thorough inspection of the roof, windows, and major systems (heating, electrical, plumbing) is essential to budget for any necessary updates.

3. What are the advantages of the lot size and ranking?
At over 6,000 sqft, the lot is a standout feature, offering more privacy, recreation space, and gardening potential than typical newer lots. Its high ranking suggests it's a scarce commodity on the street, which is a positive factor for future resale value.

4. Who is the typical buyer in Varsity View?
The neighborhood, close to the University of Manitoba, attracts a mix of academics, long-term residents, and families. It offers a quiet, community-focused atmosphere with convenient access to amenities and transit.

5. How should I interpret the price relative to the assessment?
The assessed value of $365,000 is a municipal benchmark for taxation. The final sale price is determined by the current market. The assessment indicates the home is valued above the Winnipeg median, which is consistent with a desirable lot in a stable neighborhood.