Property Summary: 417 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in the established Varsity View neighborhood. Its primary appeal lies in a generous, mature lot of over 8,150 square feet—a significant size that ranks in the top 11% of all properties in Winnipeg. The home itself, built in 1968, offers 1,123 sqft of living space with a finished basement and an attached garage. While the house is of average size for its area, the standout feature is undoubtedly the land, offering substantial outdoor space and privacy in a central location.
The property would suit a practical buyer who values space and location over a modern, turn-key home. It’s an ideal candidate for someone looking for a solid foundation in a prime neighborhood—whether that’s a young family seeking room to grow and play, a downsizer wanting a manageable single-level layout with a large garden, or an investor/renovator who sees potential in the existing structure and the exceptional lot size. Its above-average city-wide rankings for lot size and assessed value suggest a property with strong underlying value in a desirable area.
Frequently Asked Questions
1. What is the true advantage of such a large lot?
Beyond privacy and space, a lot of this size (over 8,150 sqft) in an established neighborhood like Varsity View is a rare asset. It offers long-term flexibility for gardening, expansions, or future additions, which is increasingly uncommon in central urban areas.
2. Is the 1968 build date a concern?
While the home is from 1968, its assessed value ranks above average city-wide, indicating it has been maintained. A pre-purchase inspection is always advised to understand the condition of major systems (roof, wiring, plumbing) common to homes of this era and to plan for any updates.
3. The home size is average; what am I really paying for?
You are primarily investing in the land and location. The value proposition is securing a large, central property in a sought-after neighborhood. The house provides a liveable foundation, with the lot offering the significant future potential.
4. How does the finished basement add value?
It effectively increases the usable living space beyond the listed 1,123 sqft. This space can function as a family room, home office, or additional bedrooms, adding practical daily utility to the home.
5. What does the "ranking" data mean for me?
The rankings show how this property compares to others nearby. For example, ranking in the top 11% in Winnipeg for lot size confirms its standout characteristic. The rankings for age and living size being more average help set realistic expectations about the dwelling itself, highlighting a trade-off between lot premium and a home that may require personalization.