Property Overview: 579 Laxdal Road
Key Characteristics & Appeal
This 1970-built bi-level home in Elmhurst sits on a substantial, mature lot of over 15,400 sqft, which is its most defining feature. The property ranks in the top 3% of its community and top 2% city-wide for lot size, offering exceptional outdoor space and privacy rare for the city. With 1,440 sqft of living space, a finished basement, and an attached garage, the home provides practical family living. Its appeal lies in this unique combination of a generous, established yard with a solid, functional house. The assessment value ranks highly, suggesting strong underlying property value for the area.
It would suit buyers looking for a long-term family home where garden space, room for play or expansion, and a sense of seclusion are priorities over a newer build. It’s also a compelling option for those who see value in land and are comfortable with a home that may require updates reflective of its era.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show this property’s lot is larger than 97% of homes in Elmhurst and 98% in all of Winnipeg. This isn't just a big yard; it's a uniquely sizable parcel for the city, offering potential for gardening, additions, or simply ample private space.
2. The home is older—what should I consider?
Built in 1970, the systems (roof, furnace, windows) and interior aesthetics will likely reflect its age. While the structure and lot are significant assets, a pre-purchase inspection is crucial to understand the condition and any needed updates.
3. How does the finished basement affect the living space?
The bi-level design typically features a walk-out lower level. The finished basement effectively adds usable square footage, ideal for a family room, home office, or additional bedrooms, complementing the main floor living area.
4. Why is there a difference between the build year and living area rankings?
The home is older than most in its immediate community (ranking in the bottom 16%), but its living space is still above average (top 53%). This indicates that while the structure itself isn't new, it was built to a generous size for its time.
5. What is the significance of the high assessment value ranking?
With an assessed value higher than 79% of Winnipeg homes, the municipal evaluation suggests the property's combined land and improvement value is well above average. This often correlates with a desirable location and attributes, but market value is ultimately determined by buyer demand.