Property Overview: 270 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a modern, well-maintained bungalow built in 2014, offering a low-maintenance lifestyle on a generous, nearly 7,000 sqft lot in the established Varsity View neighborhood. Its key appeal lies in a combination of relative newness and established community. With over 1,200 sqft of finished living space including a developed basement, it provides comfortable single-level living. The property ranks highly for its recent build year and above-average assessed value within its immediate area, suggesting it is a newer and well-regarded home on its street.
Its primary suit is for buyers seeking a move-in ready, modern bungalow without the premium of a brand-new build. It’s ideal for downsizers, small families, or professionals who value the quiet, treed streets of Varsity View and its proximity to the University of Manitoba. A thoughtful perspective is the value of the large lot; it offers ample green space and future potential (like gardening or expansion) that is often scarce in newer subdivisions, while the home itself requires less immediate upkeep than an older property. The strong assessment ranking relative to Winnipeg overall indicates it holds a position as a solid, above-average asset in the broader market.
Frequently Asked Questions
1. What is the significance of the property’s rankings?
The rankings show how this home compares to others in its immediate area and across Winnipeg. For example, being newer than 91% of Winnipeg homes and having a higher assessed value than 83% of them highlights its modern condition and strong perceived market value relative to the city's entire housing stock.
2. Is the basement included in the 1,232 sqft living area?
Typically, the main living area (sqft) refers to above-ground, finished space. The listing specifies a developed basement, meaning additional finished space exists but is not counted in that primary square footage figure.
3. The lot is large, but there's no garage. Can one be built?
Given the substantial lot size of 6,792 sqft, there is likely space for a future garage or shed. Any buyer would need to verify setback requirements and obtain the necessary permits from the city.
4. How does the 2017 sale price relate to today's value?
The 2017 sale of $390,000 is historical data. The current assessed value of $503,000 reflects the city's estimation of its value for tax purposes as of a prior valuation date, which is influenced by market trends, improvements, and comparable sales. The actual market price is determined by current conditions.
5. What does the "One Storey" building type imply for utilities and maintenance?
As a bungalow, heating and cooling may be more efficient per square foot compared to a multi-story home with vertical heat distribution. Maintenance on exterior features like roofing or eaves is generally more straightforward due to single-level access.