Property Summary: 271 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a modest, single-storey home built in 1955 on a generous 6,001 sqft lot in the established Varsity View neighbourhood. Its key characteristics include a fully finished basement, a detached garage, and 723 sqft of living space. The appeal lies in its balance of a large, potentially versatile lot size—which ranks highly within the city—and a location within a mature, central community. The home presents as an affordable entry point into the area, suited for first-time buyers, downsizers, or investors seeking a property where the land represents a significant portion of the value. It’s a practical choice for those comfortable with a smaller living footprint who see potential in the sizable yard or who prioritize location and lot over a larger, modern house. A thoughtful perspective is that while the home itself ranks lower in size and age among its immediate peers, its lot size and overall assessed value are competitively positioned city-wide, suggesting the underlying property holds solid intrinsic value.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size ranks in the top 31% city-wide, meaning it’s larger than 69% of Winnipeg properties. Conversely, its living space is more compact, ranking larger than only 6% of city homes.
2. Is this a fixer-upper or move-in ready?
The listing notes a finished basement, indicating some updates, but the 1955 build year and ranking data suggest the main living area is likely original in scope. Buyers should budget for modernizations typical of a home of this age.
3. Who would this property suit best?
It’s ideally suited for a first-time buyer or minimalist seeking an affordable home in a central neighbourhood, or an investor looking for a land-value play. The large lot could also appeal to someone interested in gardening, outdoor space, or future expansion.
4. How does the assessment value relate to the asking price?
The municipal assessment is $332,000, providing a benchmark for taxation. The eventual list or sale price will be determined by the market, but this assessment indicates it is positioned in the middle range of Winnipeg property values.
5. What are the advantages of the Varsity View location?
Varsity View is a mature, central neighbourhood near the University of Manitoba, offering established tree-lined streets, local amenities, and convenient access to major routes. It provides a quiet, residential feel while remaining close to urban conveniences.