Property Overview: 679 Laxdal Road
Key Characteristics & Appeal
This 1970-built, single-storey home in Elmhurst sits on a generous 8,384 sqft lot, offering a solid foundation in a well-established neighborhood. Its key features include a fully finished basement and a detached garage. The primary appeal lies in its exceptional land size, which ranks within the top 10% of all properties in Winnipeg, providing significant outdoor space and future potential relative to its footprint. With 1,023 sqft of living space, it is a manageable, single-level layout.
The property suits practical buyers looking for a long-term hold in a mature community. It’s ideal for those who prioritize a large, private yard over a large house, and for whom a finished basement adds valuable flexible space. The data suggests a "value-add" opportunity: while the lot is highly competitive, the home itself is older and more modest in size, indicating that its current value is heavily anchored in the land. This makes it a compelling prospect for buyers comfortable with gradual updates or who see the inherent value in land they can grow into.
Frequently Asked Questions
1. How does the large lot size impact property taxes and maintenance?
While the lot is a major asset, it also means higher municipal land-value assessments and greater responsibility for yard upkeep (e.g., lawn care, landscaping). The trade-off is more private outdoor space and potential.
2. What does the "finished basement" entail?
The listing confirms it is finished, but specifics on layout, ceiling height, moisture control, and permits should be verified by a home inspector to understand its true quality and functionality as living space.
3. The home ranks low for its age within the community. Should I be concerned?
This indicates many homes in Elmhurst are newer. It doesn’t necessarily reflect the condition of this home, but it does highlight the importance of a thorough inspection for an older building’s major systems (roof, wiring, plumbing, foundation).
4. Is the detached garage a pro or a con?
It provides separate workshop or storage space but lacks the direct home access of an attached garage—a consideration for Winnipeg winters. Its condition and potential for conversion or upgrade should be evaluated.
5. The assessment value is lower than the asking price. What does this mean?
Municipal assessments are for tax purposes and often lag behind market values. The price is determined by current market conditions, recent comparable sales, and the seller's strategy. The assessment is a data point, not a direct price guide.