Property Overview

This 1968 bi-level home at 391 Laxdal Road in Varsity View offers a practical and spacious family living environment. Its key appeal lies in the combination of a large, 8,160 sqft lot in a desirable neighbourhood with a functional layout that includes a finished basement. The home’s recent sale price of $460,000 in June 2023 significantly exceeds its current assessed value, indicating strong market confidence in the property and area.

The house would suit buyers looking for a classic Winnipeg family home with room to grow or customize, particularly those who value a generous outdoor space over a brand-new build. It’s a solid choice for practical-minded purchasers who see potential in a well-located property and are comfortable with a home from the 1960s. A less obvious perspective is its appeal to multi-generational families or those needing a separate living area, as the finished bi-level layout can offer distinct zones. Its strong rankings for lot size and value within Winnipeg suggest it represents a tangible piece of land and community in a competitive market.

Frequently Asked Questions

1. What is a bi-level style home, and what are its advantages?
A bi-level home features two levels separated by a short staircase from the main entrance. This design often creates efficient separation between living and sleeping areas. The finished basement here adds significant liveable space, making the home feel larger than its main-floor square footage suggests.

2. The house sold for $460,000 in 2023, but the assessed value is lower. Why is that?
Property assessments are for tax purposes and can lag behind current market values, which are driven by buyer demand. The recent sale price is a clearer indicator of what buyers were willing to pay for this specific home, its lot, and location in the current market.

3. How does the large lot size benefit me?
An 8,160 sqft lot is well above average and offers exceptional outdoor space for gardening, recreation, play, or future additions like a deck, patio, or shed. It provides privacy and room to breathe that is harder to find in newer subdivisions.

4. The build year is 1968. What should I consider?
While the home has proven its durability, a professional inspection is essential. This will identify the condition of major aging components like the roof, windows, plumbing, and electrical systems, helping you plan for maintenance or updates.

5. The rankings show the lot size is top-tier, but the house size is average. What does this mean?
This highlights the property’s core dynamic: you are primarily investing in an excellent location and a very generous piece of land. The house itself is a functional, mid-sized dwelling. This appeals to buyers who see long-term value in the land and are open to living in the current layout or envisioning future renovations or expansions.