Property Summary: 872 Laxdal Road
Key Characteristics & Appeal
This 1972-built, one-storey home in Elmhurst sits on a generous 7,196 sqft lot. Its key features include a fully finished basement and a modest 988 sqft of living space. The appeal lies in its established neighborhood setting and significant lot size, offering room for gardening, play, or expansion relative to many city properties. It ranks highly city-wide for lot size (top 16%) and is newer than most homes on its street (top 16%), suggesting a well-situated parcel in a mature area.
The property would suit first-time buyers or downsizers seeking a manageable, single-level layout with a finished basement for extra space. It’s also a candidate for value-conscious buyers or long-term holders attracted by the potential of the large lot, willing to update a home that is average or below average in its immediate community for size, value, and assessed price rankings. It’s a practical choice over a luxurious one, with foundations laid for future personalization.
Frequently Asked Questions
1. What is the true draw of this property?
Beyond the home itself, the primary asset is the lot. It is substantially larger than the majority of properties in Winnipeg, offering a rare amount of private outdoor space for the area and price point.
2. How does it compare to others in Elmhurst?
The data shows a mix. It’s on a larger, newer-than-average lot for the street but ranks below average within the broader Elmhurst community for living space, assessed value, and building age. This indicates it may be a more modest home in a desirable neighborhood.
3. Is the finished basement a major plus?
Yes, it effectively doubles the usable living area. For a 988 sqft main floor, this added space is crucial for creating functional bedrooms, a family room, or storage, making the overall package more viable for a family or those needing flexible space.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with modern finishes and ample above-grade square footage may be disappointed. It’s likely best for those with a vision for updates or who prioritize land over a large interior.
5. What do the rankings mean for value?
The high city-wide ranking for lot size (top 16%) suggests a strong, enduring value component. The lower rankings within the community for the home’s attributes suggest the purchase price may be more reflective of the land and location, with the house itself representing a relative value opportunity or a project.