717 Laxdal Road

Property Summary: 717 Laxdal Road

Key Characteristics & Appeal

This well-established Elmhurst bungalow sits on a generous, mature lot of over 7,400 sqft, offering a classic and spacious footprint in a quiet neighbourhood. Its key appeal lies in a combination of solid fundamentals and strong relative value. The home features a fully finished basement, increasing its usable living space beyond the 1,272 sqft main floor. Built in 1970, it represents a classic, low-maintenance layout.

The property’s standout feature is its competitive positioning within the broader market. It ranks highly against city-wide benchmarks, particularly for lot size (top 14%) and assessed value (top 28%), suggesting it is perceived as a substantial asset for its price point. This creates a compelling proposition for value-conscious buyers seeking a home with inherent equity and room to grow. It would suit first-time buyers looking for a move-in-ready starter home with a finished basement, or downsizers wanting a manageable single-storey layout without sacrificing yard space. A thoughtful perspective is that while the home is older, its above-average rankings for lot size and value indicate a property that has been well-maintained and occupies a desirable piece of land—factors that often provide stability and potential in the long term.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Elmhurst, and across all of Winnipeg. For example, being in the top 14% for lot size in Winnipeg means 86% of city properties have a smaller lot, highlighting the size of this plot as a key asset.

2. Is the finished basement included in the 1,272 sqft living area?
No. The 1,272 sqft refers to the above-ground, main floor living space. The finished basement provides additional, separate square footage.

3. The home was built in 1970. What should I be aware of?
While the home has been maintained, as with any property of this age, a thorough inspection is recommended to assess the condition of major systems like roof, wiring, and plumbing, which may be original or nearing their typical lifespan.

4. The assessed value is $435,000, but it sold for $430,000 in 2020. What does this indicate?
The close alignment suggests the market price and municipal assessment are consistent, providing a stable basis for valuation. The significant increase from its 2019 sale price also indicates strong appreciation in recent years.

5. Who would this property not be suitable for?
Buyers seeking a modern, open-concept layout or a brand-new home may find the traditional bungalow floor plan dated. Additionally, those wanting extensive amenities like a pool or a massive garage may need to consider renovations or other properties.