Property Overview
838 Laxdal Road is a well-maintained bi-level home in Elmhurst, built in 1971. Its primary appeal lies in its generous, mature lot of over 7,100 sqft, offering a rare sense of space and privacy for the area. The home features a finished basement, adding to its functional living space. The data suggests a property that has been a stable and solid investment, with its last sale in 2020 and a current assessed value that has appreciated since then. It ranks highly city-wide for lot size, indicating a competitive advantage in outdoor space.
This home would suit first-time buyers or downsizers looking for a manageable, single-family footprint on a substantial lot without the maintenance of a larger house. It’s also a practical choice for value-focused buyers who prioritize land size and potential over a recently built or highly modernized interior, as the living area is modest and rankings for interior space are lower relative to the neighborhood and city.
Key Questions for Buyers
1. What does the "bi-level" design mean for daily living?
A bi-level typically features a split entry, with living areas divided between two main levels. This can offer good separation of space (e.g., bedrooms on one level, living area on another) but involves frequent use of a short staircase. It's efficient but differs from an open-concept bungalow or two-storey layout.
2. The lot is large, but what's the condition and potential?
A nearly 7,200 sqft lot in a mature neighborhood is a significant asset. Buyers should assess the current landscaping, tree health, and drainage. This size offers excellent potential for gardening, expanding the outdoor living space, or future additions, subject to city bylaws.
3. How should we interpret the various ranking percentages?
The rankings compare this property to others on its street, in Elmhurst, and across Winnipeg. They show its relative strengths and weaknesses. Notably, it ranks very high city-wide for lot size (top 16%) but lower for interior living space. This highlights the trade-off: you're buying primarily for the land and location.
4. There's no garage. How big of an issue is that?
For some, it's a major consideration for vehicle security and storage. The large lot may allow for adding a garage or shed in the future, but that is an additional cost. On-street parking and driveway space will be important to evaluate for daily needs.
5. The home was last sold in late 2020. What does that context matter?
The 2020 sale price provides a benchmark, showing the home has increased in assessed value since then, reflecting broader market trends. It also suggests the current sellers may have undertaken updates or maintenance during their ownership, which would be important to discover during a viewing.