Property Summary: 734 Laxdal Road

Key Characteristics & Appeal

This 1971-built, single-story home in Elmhurst sits on a generous 7,197 sqft lot. Its key features include a fully finished basement, an in-ground swimming pool, and a split garage. With 972 sqft of living space, it offers a compact and manageable layout.

The appeal here is multifaceted. The private, sizable lot and pool create a ready-made personal retreat, a significant asset for enjoying Winnipeg's summers. The home's rankings reveal a compelling profile: it outperforms 85% of all Winnipeg homes in lot size, indicating exceptional outdoor space, and its assessed value ranks within the top 40% city-wide, suggesting solid underlying value for the area. However, its living space is more modest, ranking below three-quarters of city homes. This combination makes it ideal for buyers seeking a low-maintenance, single-level living arrangement where the priority is on outdoor enjoyment and entertainment potential rather than expansive indoor square footage. It would suit downsizers, small families, or investors looking for a property with strong summer rental appeal due to the pool and established neighbourhood.

Frequently Asked Questions

1. How does the age of the home (55 years) factor into its condition and value?
While the building is from 1971, its city-wide assessment ranking is strong. This suggests major systems may have been updated. A thorough inspection is crucial to understand the condition of the roof, foundation, plumbing, and electrical systems, and to see how the interior finishes have been maintained over time.

2. Is the pool a major benefit or a liability?
It's both. It provides exceptional lifestyle and entertainment value, a rare feature that can be a powerful draw. However, prospective buyers should budget for ongoing maintenance, seasonal opening/closing costs, and higher insurance and utility bills. It's a prized feature for the right buyer.

3. Who is the typical buyer for a home with these specific rankings?
The data suggests a buyer who prioritizes land and location over sheer indoor size. They are likely looking for an established neighbourhood, value outdoor living, and are comfortable with a home that may require selective updates. The strong lot-size ranking is often a key driver.

4. The living area is noted as modest. How does the finished basement factor in?
The finished basement effectively doubles the usable living space, providing crucial room for recreation, guests, or storage. This makes the home feel much larger than the main-floor square footage suggests and offsets the ranking for living area.

5. What do the assessment value rankings indicate?
Ranking better than 60% of Winnipeg homes, the assessment suggests the property is valued well above the city's median. This can indicate a desirable location or attributes the assessor recognizes (like the large lot and pool). It's a useful benchmark, but the final market price is determined by current buyer demand.