Property Overview: 567 Laxdal Road
Key Characteristics & Appeal
This 1965-built, one-storey home sits on an exceptionally large, approximately 14,113 sqft lot in Elmhurst, offering a rare blend of space and established charm. Its primary appeal lies in its land value and privacy potential, with the property size ranking in the top 2% of all Winnipeg homes. The house itself features 1,328 sqft of living space with a finished basement and an attached garage.
Its strongest suit is for buyers seeking a long-term project or a peaceful retreat within the city. It perfectly suits someone with a vision for extensive gardening, outdoor living, or future expansion, where the land itself is the main investment. The home also appeals to downsizers or those looking for single-level living who value spacious, private grounds over a newer build. A thoughtful perspective is that while the structure is older, its above-average lot size in a mature neighbourhood offers a stability and character that newer subdivisions often cannot replicate. It’s a property where the story is as much about the future potential of the land as it is about the existing home.
Frequently Asked Questions
1. What is the true standout feature of this property?
The lot size is the defining feature. At over 14,000 sqft, it provides an unusual amount of private outdoor space for a city property, offering immense potential for landscaping, recreation, or additions.
2. What should I consider about a home from 1965?
While it offers solid character, a home of this age will likely require updates to mechanical systems (like plumbing and electrical) and insulation over time. The finished basement is a plus, but its condition and compliance with current codes should be verified.
3. Who would this property not be ideal for?
It may not suit buyers seeking a modern, move-in-ready home without any planned renovations, or those who prefer a low-maintenance yard. The older building and large lot imply more hands-on upkeep.
4. How do the rankings (e.g., "top 2% in Winnipeg") help me?
These rankings contextualize the home's attributes against local benchmarks. They confirm the lot size is exceptionally large, while the age and value are fairly typical for the broader market, helping you understand its competitive standing.
5. Is the assessed value a reliable indicator of the sale price?
The municipal assessment is a starting point for understanding value but is not a market appraisal. Sale prices are determined by current market conditions, buyer demand, and the property's specific state, which may differ from the tax assessment.