Property Overview: 288 Laxdal Road, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic 1952 one-storey bungalow on a large, 6,792 sqft lot in the established Varsity View neighborhood. Its key characteristics include 720 sqft of finished living space, a fully finished basement, and no garage. The appeal lies in its prime location and significant lot size, which is notably larger than most in the area, offering ample outdoor space and future potential in a sought-after community close to the University of Manitoba.
The property suits specific buyer types perfectly. It's an ideal entry point for a first-time buyer or an investor looking for a solid lot in a premium location, willing to live with or update a compact floor plan. It could also appeal to downsizers seeking single-level living on a manageable scale, with the financial flexibility that comes from a home priced below the area's typical single-family benchmark. A less obvious perspective is its value for an owner who prioritizes private outdoor space over interior square footage—the lot represents a rare opportunity in the neighborhood for gardening, expansion, or simply enjoying a generous yard.
Section 2: Frequently Asked Questions
1. How does the smaller living area (720 sqft) compare to the neighborhood?
The home's living area is significantly below the neighborhood average, placing it in the bottom 3% for size in Varsity View. This is a key factor in its accessible price point and indicates a compact, efficient layout.
2. What does the "fully finished basement" entail?
The listing confirms a finished basement, which effectively doubles the usable living space. Buyers should verify the quality, ceiling height, and legality of the finish during a viewing, as this added space is crucial for the home's functionality.
3. Is the large lot a benefit for future expansion?
Absolutely. The nearly 6,800 sqft lot is a major asset, ranking in the top 16% for size on its street. It provides valuable outdoor space and tangible potential for future additions, a garage, or landscaping, which is uncommon for central, established neighborhoods.
4. How should I interpret the various ranking percentages?
These rankings compare this property to others locally. Notably, it ranks in the top 19% of all Winnipeg for lot size, but in the bottom quartile for building age, living area, and assessed value. This highlights the trade-off: you are purchasing a premium-sized lot with a modest, older home on it.
5. What are the implications of having no garage?
The lack of a garage means parking will be limited to the driveway and street. For some buyers, this is a worthwhile compromise for the lot and location. For others, it may be a drawback to factor into renovation budgets or daily convenience.