431 Laxdal Road

Property Summary: 431 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-family bungalow on a large, 8,151 sqft lot in the desirable Varsity View neighborhood. Built in 1971, the 1,355 sqft home features a finished basement and an attached garage. Its standout characteristic is its exceptional lot size, which places it in the top 11% of all properties in Winnipeg for land area, offering significant outdoor space and potential in a mature community.

The appeal lies in a combination of space, location, and value. The property ranks highly within its immediate area for lot size, living area, and assessed value, suggesting it is a substantial and above-average offering for the neighborhood. It suits buyers looking for a solid, single-level living option in a central area, with the bonus of a large yard for gardening, recreation, or future expansion. It would particularly suit downsizers seeking main-floor living without sacrificing yard space, or families valuing location and the rarity of a large lot close to the university.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, being in the "top 11%" for lot size city-wide highlights just how large and uncommon this parcel is.

2. Is a 55-year-old home a concern?
While the home is mature, its above-average rankings for assessed value and living area in the area suggest it has been maintained as a solid asset. A thorough inspection is always recommended to understand the condition of major systems and the roof.

3. What are the advantages of a finished basement here?
It immediately adds flexible living space, which is valuable in a bungalow. This could serve as a family room, home office, or separate area for guests or teenagers, enhancing the home's overall functionality.

4. Who might find the large lot most beneficial?
Beyond gardeners, the lot offers long-term potential. It provides privacy and room for children or pets to play, and its size could be attractive for future additions like a deck, workshop, or even a secondary suite, subject to zoning approvals.

5. How does the assessed value relate to the asking price?
The municipal assessment of $427,000 is a benchmark for property taxes and indicates the city's valuation. It can be a useful data point for comparison, but the final market price is determined by current buyer demand, the home's specific condition, and recent sales of similar properties.