Property Overview
This 1972 bi-level home at 876 Laxdal Road offers a practical and well-maintained living space in Winnipeg's Elmhurst neighborhood. Its key appeal lies in a combination of a generous, mature lot (over 7,100 sq ft), a finished basement, and a location that provides a quiet residential feel while remaining conveniently accessible. The home's recent sale history shows steady market confidence, having sold above its assessed value.
It particularly suits first-time buyers or downsizers looking for a manageable footprint with room to grow, or investors seeking a property with solid fundamentals in a stable community. A thoughtful perspective is that while the living area is compact, the large lot and finished basement significantly expand the usable space, offering flexibility for gardening, storage, or recreation that isn't immediately apparent from the square footage alone. Its rankings indicate it's a home that outperforms most of Winnipeg in terms of lot size and age, but offers a more modest interior, positioning it as a value-conscious choice.
Frequently Asked Questions
1. How does the "bi-level" layout work in practice?
A bi-level typically has a short flight of stairs leading up to the main living areas (kitchen, living room, bedrooms) and another short flight down to a lower level, which here is a finished basement. This often creates distinct living zones and can make the basement feel more integrated than in a standard bungalow.
2. The home ranks low for interior size locally. Is it too small?
While the 864 sq ft main living area is cozy, the finished basement effectively doubles the functional space. When combined with the very large yard, the total usable property is quite substantial, which is a key trade-off to consider.
3. What does the recent sale price tell us?
The May 2024 sale at $411,000, which is above the current assessed value, suggests strong buyer demand for homes in this category with these specific attributes—namely a large lot and a finished basement—in the current market.
4. Is the 54-year-old age of the home a concern?
The data shows the home is newer than 84% of houses on its street, indicating an older, established neighborhood. While systems may need updating, its age is relatively competitive for the area, and a proper inspection is always advised.
5. Who might this property not suit?
Buyers seeking a large, open-concept main floor or those unwilling to manage the upkeep of a sizable, mature lot may find the layout and yard work less appealing. It's best for those who value outdoor space and a functional basement over expansive main-floor square footage.