Property Overview: 607 Laxdal Road
Key Characteristics & Appeal
This is a classic, well-maintained one-storey home in Elmhurst, sitting on an exceptionally large, half-acre lot (21,769 sqft). Its primary appeal lies in the rare combination of a quiet, established neighbourhood with immense outdoor space that is highly uncommon within the city. The home itself is a comfortable 1,372 sqft bungalow with a finished basement, offering practical single-level living.
The property’s standout feature is its land. The lot size ranks in the top 1% of all Winnipeg properties, offering unparalleled potential for gardening, recreation, expansion, or simply enjoying private green space. While the house was built in 1960, its assessed value ranks highly, suggesting it has been well-kept and is situated in a desirable area. This home suits buyers looking for a peaceful retreat with room to breathe, who value space over a brand-new build. It would be ideal for downsizers seeking a manageable home with a spectacular yard, or for a family that prioritizes outdoor play and privacy, possibly with future renovation plans in mind.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size is a finite asset in the city. It provides long-term flexibility, whether for adding a garage, workshop, or even future subdivision potential, subject to municipal approval.
2. How might the home's age affect a purchase?
Built in 1960, the core systems (roof, wiring, plumbing) may need evaluation or updating. However, homes from this era are often praised for their solid construction and simpler, modifiable layouts compared to some newer builds.
3. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify a separate entrance or kitchen. It likely serves as additional living space, not an income suite, but this should be verified.
4. What are the annual property taxes?
The assessment is $485,000. Taxes can be estimated using the Winnipeg municipal tax rate, but obtaining the exact current year amount from the listing agent or city is recommended for accurate budgeting.
5. Why is the lot size ranking so much higher than the home's size ranking?
This highlights the property’s unique proposition. The house is comfortably sized, ranking above average locally, but the land is its extraordinary feature. This indicates you are purchasing primarily for the land and location, with the home as a functional part of the package.