Property Overview: 842 Laxdal Road, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1971-built, one-storey home sits on a generous 7,196 sqft lot in Elmhurst. Its key features include a fully finished basement and a detached garage. With 988 sqft of living space, it presents a compact and manageable footprint. The property’s broad appeal lies in its balance of a sizable, private yard with a home that is straightforward to maintain. Its competitive rankings—particularly outperforming 84% of Winnipeg in lot size and 74% of its own street in the age of the build—highlight a valuable combination of a mature, established lot with a structure that is relatively newer than many in the immediate area.
This home would suit first-time buyers seeking a solid entry point into a mature neighbourhood without the burden of a massive interior to upkeep. It’s equally suited to downsizers looking to retain a substantial outdoor space for gardening or leisure, but who prefer single-level living and a finished basement for extra flex space. A thoughtful perspective is its potential for gradual modernization; the good lot ranking and newer-than-street-average build year suggest a sound foundation for updates according to personal taste.
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 specific metrics like lot size and age. For example, being newer than 74% of homes on its street is a strong relative position, indicating it may require less immediate major maintenance than older peers.
2. Is the finished basement included in the 988 sqft living area?
Typically, the listed living area (988 sqft) refers to above-grade, heated space. The finished basement is additional square footage, adding valuable functional space like a recreation room or extra bedrooms.
3. What is the significance of the lot size?
At over 7,000 sqft, the lot is a major asset. It offers ample room for outdoor activities, gardening, potential additions like a shed or deck, and provides a greater sense of privacy than newer subdivisions with smaller lots.
4. The home outperforms only 11% of the community in living area. Is it too small?
This indicates the home’s interior is more compact than many in Elmhurst. This isn’t necessarily a drawback—it translates to lower utility costs, less cleaning, and a cozy, efficient layout. It emphasizes that the property’s prime value is in the land and the building’s condition.
5. What can the assessment value tell me?
The municipal assessment of $368,000 is used for calculating property taxes. It is an official estimate of value but often differs from market value. It’s a useful benchmark, showing the home is assessed higher than 56% of Winnipeg properties, but the final sale price will be determined by current market conditions.