Property Overview
This 1987-built, one-storey home at 645 Laxdal Road offers a practical and spacious family living environment in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in providing above-average space and a well-established setting at a value-conscious price point. The home sits on a large 8,135 sqft lot, providing ample outdoor room, and its 1,732 sqft of living space is notably generous for a bungalow. A finished basement and an attached garage add to its functional layout. Recent data shows it ranks highly within its community and city-wide for lot size, living area, and assessed value, suggesting it is a competitively positioned asset in its market segment.
It would suit buyers looking for a move-in-ready, single-level home with room to grow, such as growing families, empty-nesters seeking single-floor convenience, or value-focused investors. Its strong rankings indicate it avoids the premium price of newer builds or the smallest lots, offering a balanced proposition for those prioritizing space and established community character over a brand-new construction.
Frequently Asked Questions
1. How does the home's age affect its value?
Built in 1987, the home is nearly 40 years old, which typically means potential future updates to major systems (like roof, windows, furnace) should be budgeted for. However, its age also places it in a mature neighborhood with established landscaping and community amenities, and the recent sale at a price close to its assessment suggests the market has factored this in.
2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, ranking "in the top 11%" for lot size in Winnipeg means 89% of city homes have a smaller lot. This indicates key strengths—particularly its large lot and generous living space—relative to the broader market.
3. Is the finished basement included in the 1,732 sqft living area?
Typically, the listed "living area" refers to above-grade, heated square footage. The finished basement is an additional bonus space, providing extra rooms or recreational areas without being counted in the official main floor total.
4. Why is there a difference between the assessed value ($540,000) and the recent sale price ($530,000)?
Municipal assessments are for tax purposes and can differ from market value, which is determined by what a buyer is willing to pay. The close alignment here suggests the sale was seen as fair and reasonable by both parties, closely reflecting its official valuation.
5. What is the significance of having no pool?
While a pool is a desirable feature for some, not having one reduces annual maintenance costs, insurance liabilities, and safety concerns, which can be a practical advantage for families with young children or buyers seeking a lower-maintenance property.