Property Summary: 599 Laxdal Road
Key Characteristics & Appeal
This is a classic, well-maintained one-storey home in Elmhurst, built in 1961. Its primary appeal lies in its exceptionally large, private lot of nearly half an acre (21,792 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself is a comfortable 1,147 sqft with a finished basement and a detached garage. While the house is of average size for the area and its age is reflected in the rankings, the property's outstanding value is in the land itself—offering rare potential for expansion, gardening, or simply enjoying expansive green space in the city.
It ranks highly for its assessed value, suggesting it is viewed as a solid asset. This property would perfectly suit buyers prioritizing land over square footage, such as those seeking a quiet, park-like setting, hobbyists or gardeners, or future builders looking for a prime lot with an existing home. It’s a home for someone who sees the yard as a primary living space and values long-term potential over a modern, turn-key interior.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the top 1% for land size city-wide highlights the lot's rarity. The lower rankings for the home's age and size simply confirm it's an older, average-sized house on a far-above-average piece of land.
2. Is the house in need of major updates?
Built in 1961, the home likely has its original charm and would benefit from modernization to match the premium lot. The "finished basement" is a positive, but the condition and style should be verified during a viewing.
3. What are the possibilities for the large lot?
Beyond a magnificent private yard, the lot size could allow for significant additions, a large workshop, or even future subdivision, subject to city zoning and regulations. It’s a canvas for outdoor living or investment.
4. Who is the typical buyer for this property?
It suits a buyer whose vision extends beyond the home's walls. This could be a family wanting space for children and pets to play, a retiree seeking a peaceful retreat with room for hobbies, or an investor recognizing the underlying land value.
5. How does the assessed value relate to the asking price?
The assessment of $438,000 is a municipal valuation for tax purposes and is typically below market value. However, its high percentile rank (top 28% in Winnipeg) indicates the property is considered a well-above-average asset, which will be reflected in the market price.