Property Summary: 885 Laxdal Road
Key Characteristics & Appeal
This 1972 bi-level home in Elmhurst sits on a generous 7,142 sqft lot. Its key features include a finished basement and a modest 864 sqft of living space. The appeal here is grounded in value and potential. While the home's living area is compact, the large lot offers room for expansion, gardening, or outdoor living. Its strongest rankings are in lot size (top 16% in Winnipeg) and age (top 16% on its street), suggesting a well-sized property in a mature, established neighbourhood. The finished basement adds functional space beyond the main floor square footage.
This property would suit a first-time buyer, a downsizer, or a practical investor looking for a lower entry point into a stable neighbourhood. It’s for someone who values land size over a large interior footprint and sees potential in what could be updated or expanded over time. The rankings indicate it’s a competitively priced option within the broader Winnipeg market, offering a chance to own a home that outperforms most of the city in terms of lot size.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the "top 16%" for lot size in Winnipeg means 84% of homes have smaller lots. It's a quick way to gauge its relative strengths.
2. Is the living space too small?
At 864 sqft, the main living area is compact. However, the finished basement provides additional flexible space. The layout of a bi-level can make efficient use of space, and the large lot is a significant compensating factor for those who value outdoor space or future expansion.
3. Why is the home's age listed as a positive ranking?
On its specific street, it's newer than 84% of homes, suggesting the immediate area has older character homes. This can mean more modern construction compared to neighbours, though a 1972 home will still require due diligence on systems and maintenance.
4. Who might this property not suit?
It may not suit buyers who prioritize immediate move-in condition with modern finishes, require substantial interior space, or need on-site parking like a garage. The rankings show the interior space is below average for the community.
5. How should I interpret the assessment value?
The municipal assessment of $338,000 is for tax purposes and provides a baseline. Its ranking shows it's assessed lower than most in Elmhurst but near the middle for Winnipeg, which often aligns with the asking price strategy for a more affordable entry into the city's market.