850 Laxdal Road

Property Overview: 850 Laxdal Road, Winnipeg

Key Characteristics & Appeal

This 988 sqft, one-storey home in Elmhurst offers a practical and low-maintenance living option on a generous 7,196 sqft lot. Built in 1971, its key features include a fully finished basement, contributing valuable additional living space. The home presents a straightforward, grounded opportunity. Its appeal lies in its efficient use of space, the potential of the large lot for gardening or expansion, and the financial accessibility indicated by its assessment value. It ranks highly for lot size within Winnipeg, suggesting a desirable outdoor space relative to many city properties.

This property would suit first-time buyers seeking an entry point into a mature neighbourhood, downsizers looking for a manageable single-level layout without a sprawling yard, or value-oriented investors. It’s a home for those who prioritize substance and potential over immediate modern finishes, appreciating the stability of an established area and the flexibility a large lot provides.

Frequently Asked Questions

1. How does the age of the home (55 years) affect its condition and costs?
While systems and components will reflect its age, the home's rankings show it is newer than most on its street. Buyers should budget for routine maintenance expected of a mature home and consider a thorough inspection to prioritize any updates.

2. The living area is under 1,000 sqft. Does it feel spacious?
The finished basement effectively doubles the usable living space, making the home feel much larger than the main-floor square footage suggests. The layout and flow of the main level will be key factors in perceived space.

3. There is no garage. What are the parking options?
The property listing does not specify dedicated parking structures. Buyers should verify the availability of on-site driveway parking, street parking regulations, and the potential to add a garage or carport in the future, given the lot size.

4. What do the competitive rankings actually mean for resale?
The rankings are relative indicators. Notably, this home’s lot size ranks in the top 16% city-wide, a strong, lasting asset. Other metrics, like its assessment value ranking in the middle ranges, may indicate room for value growth through updates.

5. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a separate, legal rental suite. Important distinctions exist between a finished recreational space and a self-contained unit with proper egress, kitchen, and permits. This should be clarified.