324 Laxdal Road

Property Overview: 324 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established 3-level split home on an exceptionally large, mature lot in the sought-after Varsity View neighborhood. Built in 1955, its primary appeal lies in its generous 14,788 sqft property, which places it in the top 5% of lots within the community. The home itself offers 1,600 sqft of living space with a finished basement and a detached split garage. While the structure is older, its assessed value ranks highly, indicating solid underlying value for the area.

Its appeal is multifaceted: it suits buyers looking for a prime location with rare lot size, offering immense potential for gardening, expansion, or simply enjoying expansive outdoor space. It would particularly suit a practical buyer who values land and location over a modern turn-key home, and who sees the opportunity in an older, character property with a fantastic yard. A less obvious perspective is that this property offers a relative "blank canvas" within a premium neighborhood—the significant lot provides options that newer, denser subdivisions simply cannot, from adding a large workshop to preserving a private, treed oasis close to the university and city amenities.

Frequently Asked Questions

1. What does the high lot ranking actually mean?
It means the property's land size of nearly 15,000 sqft is larger than 95% of lots in Varsity View and 98% across all of Winnipeg, making it a notably rare and spacious parcel in the city.

2. The house was built in 1955. What should I expect?
Prospective buyers should budget for the updates and maintenance typical of a home of this age. The systems, windows, and interior will likely require modernization, but the structure sits on a highly desirable and valuable piece of land.

3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local bylaws and safety codes.

4. How does the split garage work?
A split garage typically refers to a detached garage with two separate doors, often accommodating two vehicles side-by-side but in distinct bays. It's a practical feature for families or those with extra storage needs.

5. Why is the assessed value high relative to the home's age?
The assessment reflects both the dwelling and the land. In this case, the exceptionally large lot in a prime neighborhood significantly contributes to the total assessed value, underscoring the property's worth is heavily tied to its land.