Property Overview: 881 Laxdal Road
Key Characteristics & Buyer Appeal
This 1972-built, one-storey home in Elmhurst sits on a generous 7,172 sqft lot, offering more outdoor space than most properties in Winnipeg. Its key features include a fully finished basement and a detached garage. With 892 sqft of living space, the house itself is compact and manageable.
The primary appeal lies in its balance of a sizable, private yard with the low-maintenance ease of a single-level layout. Its strongest metrics are its lot size and age, ranking in the top 16% of Winnipeg for both, meaning you get more land and a relatively newer structure compared to most of the market. This combination suits practical buyers looking for a solid foundation—perhaps first-time homeowners who value outdoor room to grow over expansive interior square footage, or downsizers seeking a manageable property without sacrificing yard space. The finished basement immediately adds flexible living or storage space. It’s a property for those who see potential in the land and the fundamentals, rather than a move-in-ready showcase.
Frequently Asked Questions
1. How does the "ranking" system work?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, ranking in the top 16% in Winnipeg for lot size means 84% of properties have smaller lots. It's a quick way to gauge its relative strengths.
2. The living area seems small. Is the layout efficient?
At 892 sqft, the main floor is indeed compact. The value is augmented by the fully finished basement, which effectively doubles the usable living space. Buyers should consider the total functional area, not just the above-grade square footage.
3. What does the assessment value tell us about the asking price?
The municipal assessment is $350,000, which is a tax valuation, not a market price. It places the property near the median for Winnipeg. The eventual listing price will reflect current market conditions, updates, and the property's unique lot size advantage.
4. Is the detached garage a pro or a con?
It depends on preference. A detached garage offers separation and can be ideal for a workshop or project space without affecting the house. However, it means going outside in winter weather, which some find less convenient than an attached garage.
5. The home is over 50 years old. What should I be prepared for?
While its age ranks as "newer" compared to much of Winnipeg's housing stock, a 54-year-old home will likely have had several systems updated. A thorough inspection is crucial to understand the condition and age of major components like the roof, windows, plumbing, and electrical.