Property Overview & Key Characteristics
This 1969-built bi-level home at 664 Laxdal Road offers a practical and spacious family living environment in the established Elmhurst neighborhood. Its primary appeal lies in its generous, nearly 7,900 sqft lot—a significant size that ranks in the top 12% of all properties in Winnipeg for land area. The home itself features 1,078 sqft of living space with a finished basement, providing flexible room options. A key, less obvious strength is its relative value stability; the 2022 sale price of $400,000 sits comfortably above the current assessed value of $391,000, and it has appreciated consistently from its 2017 sale. The property ranks highly within its community for lot size and value, but is an older home, which is reflected in its lower ranking for age within Elmhurst.
This home is well-suited for buyers seeking a large, private yard in a mature neighborhood without a premium price tag. It’s ideal for families, DIY enthusiasts, or anyone who values outdoor space over a brand-new build. The finished basement and split garage add functional, everyday utility. It represents a solid opportunity for those looking to enter a desirable community with a property that has strong foundational value and clear potential for personalization.
Frequently Asked Questions
1. How does the home’s age impact its condition and potential costs?
Built in 1969, the home is over 50 years old. While it has been maintained, as evidenced by its steady value growth, prospective buyers should budget for updates typical of this era, such as roof, windows, or major systems. A thorough inspection is highly recommended.
2. What are the advantages of such a large lot?
The lot is a standout feature, offering exceptional space for gardening, recreation, children or pets to play, and future additions like a deck, shed, or expanded parking. It provides a sense of privacy and room to grow that is harder to find in newer subdivisions.
3. The home ranks low for age within Elmhurst. What does that mean?
This statistic indicates that most homes in the immediate Elmhurst community are newer than this one. This isn’t necessarily negative—it often means the neighborhood has seen thoughtful infill development—but it confirms this is one of the area’s more established properties.
4. Is the finished basement included in the 1,078 sqft living area?
Typically, the listed living area (sqft) refers to above-ground space. The finished basement is an additional area that adds functional square footage for living, storage, or entertainment, but it may not be counted in the official figure.
5. The 2022 sale was for $400,000, but assessment is $391,000. What does this indicate?
This suggests the market recently valued the home slightly above its city assessment. Assessments can lag behind current market trends. This history can provide confidence in the property’s market value, but the final price is always determined by current market conditions.