Property Overview: 343 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This 1959-built, one-storey home sits on a notably large, approximately 13,600 sqft lot in the established Varsity View neighbourhood. Its primary appeal lies in the exceptional size of its property, which ranks in the top 3% of all lots in Winnipeg, offering rare potential for expansion, gardening, or outdoor living within the city. The home itself is a modest 1,003 sqft bungalow with a finished basement, presenting a straightforward layout. Its competitive rankings highlight a key dynamic: while the house is average in size and below average in age for the area, the lot is outstanding. This creates a clear value proposition centered on land potential rather than a modernized dwelling.
The property would best suit a buyer with a vision for the land—whether that’s a future addition, building a new home, or simply desiring immense private outdoor space. It’s also a practical entry point into a desirable central neighbourhood for those comfortable with a home from the 1950s, willing to live in it as-is or renovate over time. A less obvious perspective is its appeal to multi-generational families; the large lot and bungalow style could allow for the future addition of a separate suite or accessible living arrangements.
Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent, rooms, or ceiling height. Viewing the property is essential to assess its condition, layout, and whether it meets your definition of livable space.
2. Why is there no garage?
Many older homes in central neighbourhoods were built without garages. The large lot provides ample space to add off-street parking or construct a garage, subject to local zoning bylaws.
3. How does the 1959 build year affect the home?
While the structure is sound, buyers should budget for updates to major aging components like the roof, plumbing, electrical, and windows. A thorough home inspection is highly recommended.
4. What can be done with such a large lot?
The lot size is the standout feature. Potential uses include adding a significant addition, building a detached garage or workshop, creating extensive landscaping or gardens, or even subdividing the lot (subject to strict city approval, which is not guaranteed).
5. The assessed value is $367,000. Will it sell for that?
Property assessments are for municipal tax purposes and may not reflect current market value. The sale price will be determined by market conditions, buyer demand for large lots, and the home's condition.