Property Summary: 675 Laxdal Road
Section 1: Key Characteristics & Appeal
This 1970-built 3-level split home in Elmhurst offers a well-established, spacious family environment on a large 8,384 sqft lot. Its key characteristics include a fully finished basement, an in-ground swimming pool, and an attached garage. With 1,712 sqft of living space, it ranks in the top 30% of its community for size, providing ample room.
The primary appeal lies in its generous outdoor space and recreational amenities, anchored by the private pool—a rare feature that defines the property's summer lifestyle. The home’s competitive rankings are noteworthy: it sits in the top 10% of all Winnipeg homes for lot size and the top 20% for assessed value, indicating a property with substantial underlying asset value relative to the broader market. It suits buyers looking for a ready-made family home with established gardens and outdoor entertainment space, who value the character and mature setting of a 1970s build over a brand-new construction. It’s particularly suited for those who appreciate a home with a strong foundational value (evident in its high assessment rank) and are willing to consider the maintenance and charm that come with an older, well-loved property.
Section 2: Frequently Asked Questions
1. How does the age of the home (built in 1970) impact its condition and potential updates?
While the home is over 50 years old, its above-average assessment and value rankings suggest it has been maintained or updated to a standard that keeps it competitive. Buyers should still budget for age-related maintenance and consider the potential need to update major systems (like plumbing, electrical, or the roof) over time, which is typical for homes of this era.
2. What is the significance of the property's high ranking for lot size?
Ranking in the top 10% in Winnipeg for lot size means the 8,384 sqft property is exceptionally large for the city. This is a permanent, valuable feature that offers privacy, space for gardens, play areas, and future expansions—something that cannot be easily replicated or added to a property with a smaller lot.
3. The pool is a great feature, but what are the ongoing costs and responsibilities?
An in-ground pool provides excellent recreational value but requires seasonal opening/closing, regular cleaning, chemical balancing, and winterization. It also impacts insurance costs and utility bills. Ensuring it is in good working order at the time of purchase is crucial.
4. The home's "community rank" for build year is low (top 84%). What does this mean?
This statistic indicates that within the Elmhurst community, this home is older than about 84% of other houses. This isn't inherently negative but highlights that the neighborhood likely has a mix of original and newer homes. It suggests the area has evolved over time, and this property is one of its more established, original residences.
5. The assessed value ($483,000) is significantly higher than the 2020 sale price ($395,000). Why?
The assessment reflects the city's current valuation for tax purposes, influenced by market trends and improvements, while the 2020 sale price is a historical snapshot from a different market. The increase highlights strong market appreciation over four years, but the true market value will be determined by current buyer demand and the home's condition.