Property Summary: 817 Laxdal Road
Key Characteristics & Appeal
This is a well-maintained, one-storey home in Elmhurst, built in 1971. Its primary appeal lies in offering solid value and space on a generous, mature lot. With 988 sqft of living space, a finished basement, and a split garage, it provides functional, single-level living. The lot size of over 7,100 sqft is a significant asset, offering ample outdoor space that is increasingly rare for homes in this price range.
The home’s competitive positioning is its standout feature. It ranks highly city-wide for lot size (top 16%) and recent sale value (top 32%), indicating it is perceived as a strong value proposition compared to much of Winnipeg. Its appeal is practical rather than luxurious, suited for first-time buyers seeking a move-in-ready home with room to grow, downsizers looking for manageable single-level living without sacrificing yard space, or value-focused investors. The mature neighborhood offers established greenery and a sense of permanence, while the rankings suggest the property holds its own as a tangible, equity-building asset.
Frequently Asked Questions
1. How does the age of the home (55 years) affect its value and maintenance?
While the home is older, its above-average city-wide rankings for sale price and assessment suggest it has been maintained well and is competitive in the market. Buyers should prioritize a thorough inspection focusing on aging core components like the roof, windows, and major systems, common for homes of this era.
2. The living space is under 1,000 sqft. Is the home suitable for a family?
The finished basement effectively doubles the usable space, providing crucial flexibility for a family room, home office, or additional bedrooms. The large lot also extends the living area outdoors in warmer months, making it more suitable for a family than the main floor square footage alone might imply.
3. What do the various ranking percentages actually mean for me?
They are relative indicators of how this property compares to others. Key takeaways are that its lot size is a major strength city-wide, and its recent sale price was competitive. However, within its own Elmhurst community, it ranks as newer and larger than many homes, but is more average in terms of assessed value.
4. The 2022 sale price was higher than the current assessed value. Why?
Assessed values for taxation purposes often lag behind actual market sale prices, which reflect what a buyer was willing to pay at a specific time. The 2022 sale demonstrates the market value at that peak period, while the assessment is an administrative valuation.
5. Is the split garage a significant drawback?
A split garage (with two separate doors) is common for homes of this vintage and lot width. While it may be less convenient than a modern double-wide garage, it provides covered parking for two vehicles and additional storage. For this property type, it is a standard and expected feature rather than a drawback.