363 Laxdal Road

Property Summary: 363 Laxdal Road, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the established Varsity View neighbourhood offers a classic and practical living arrangement. Its key characteristics include a generous 8,153 sqft lot, 1,168 sqft of living space, a finished basement, and a detached garage. Built in 1968, the home presents a solid opportunity for buyers seeking a move-in-ready property with room to personalize over time.

The primary appeal lies in its location and lot size. The property ranks in the top third of homes in Winnipeg for lot area, providing exceptional outdoor space that is increasingly rare. Its high ranking for assessed and recent sale value against city-wide comparables suggests a strong, stable investment in a desirable area. This home would perfectly suit first-time buyers looking for a spacious starter home, small families valuing a large yard, or downsizers seeking single-level living without compromising on outdoor privacy. A thoughtful perspective is that the home’s established nature and recent sale history indicate a "known quantity" in the market—a less speculative purchase in a neighbourhood with proven demand.

Section 2: Frequently Asked Questions

1. How does the 1968 build year affect the home?
While not new, the home’s systems and structure are from a known era of solid construction. Buyers should budget for updates to era-specific features, but can also appreciate the straightforward layout and mature landscaping that comes with an established property.

2. What does the high ranking for lot size actually mean?
It means this property’s lot is larger than 89% of all residential lots in Winnipeg. In practical terms, this offers significant potential for gardening, recreation, expansion, or simply enjoying more private outdoor space than most newer properties provide.

3. The home sold recently in 2023; why is it back on the market?
While the specific reason isn’t listed, a quick resale isn’t uncommon. It can relate to a change in the owner’s personal circumstances rather than an issue with the property itself. The 2023 sale price provides a very clear, recent benchmark for current market value.

4. Is the finished basement included in the 1,168 sqft living area?
Typically, the listed living area refers to above-grade square footage. The finished basement is an additional bonus space, adding functional living or storage areas not reflected in that main figure.

5. The value rankings seem strong; does this mean the price is firm?
The data shows this property historically commands values above most Winnipeg homes. This indicates a desirable asset, but the final price is always determined by current market conditions, the home’s specific condition, and negotiation. The rankings are a useful tool for understanding its competitive position.