Property Overview
This 1972 bi-level home at 794 Laxdal Road offers a practical and private living space on a large, 7,198 sqft lot in Elmhurst. Its key appeal lies in its balance of established community, generous outdoor space, and a solid value proposition. The home features a finished basement and a split garage, adding functional space. While the 881 sqft living area is modest, the property's overall land size ranks highly within Winnipeg, offering significant potential for gardening, recreation, or future expansion. It suits first-time buyers seeking a manageable home with room to grow outdoors, value-oriented investors, or downsizers who prioritize a low-maintenance interior coupled with a spacious, private yard. A thoughtful perspective is that this property represents a "land-value play" in a mature neighborhood—the lot itself is a substantial asset that outperforms most of the city, while the home presents a canvas for gradual updates.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on the same street, in Elmhurst, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking "in the top 15%" for lot size in Winnipeg means 85% of properties have smaller lots, highlighting a key strength.
2. The living area seems smaller than average. How is the layout?
As a bi-level, the home's square footage is distributed over two main levels, typically with common areas on one floor and bedrooms on another. The finished basement adds usable space, making the total functional area feel larger than the listed 881 sqft.
3. What does the assessment value tell us about the price?
The municipal assessment of $385,000 is used for property tax calculation and is often based on past market data. It can be a general indicator, but the final sale price is determined by the current market. This assessment suggests the property is valued above average for the neighborhood.
4. Is a 54-year-old home a concern?
Homes from this era are common in established neighborhoods like Elmhurst. While some systems may be original, the age also means the neighborhood is mature with settled foundations and developed landscaping. A thorough inspection is always recommended to understand the condition of the roof, windows, and mechanical systems.
5. What are the advantages of a split garage?
A split garage (often a double garage separated by a wall) provides more flexibility than a single large bay. It allows for separate workshop or storage areas, can make organization easier, and may offer potential for converting one side to a utility or hobby space.