741 Laxdal Road

Property Summary: 741 Laxdal Road

Key Characteristics & Appeal

This is a well-situated, single-storey home in Elmhurst, built in 1970. Its primary appeal lies in its generous, mature lot of over 8,100 square feet—a significant size that offers ample outdoor space and ranks within the top 11% of all properties in Winnipeg for land area. The home itself is a manageable 1,077 sqft bungalow with a finished basement and a detached garage. While the interior living space is modest, the property's standout feature is its established setting and larger-than-average yard, providing room for gardens, play, or expansion.

The home would suit practical buyers looking for a solid foundation in a quiet neighborhood. It's ideal for first-time homeowners who value outdoor space over a large interior footprint, or for downsizers seeking a single-level layout without compromising on yard size. The strong city-wide ranking for lot size suggests a property with inherent value in its land, appealing to those with a long-term view who might see potential in the existing structure or the possibility of future updates.

Frequently Asked Questions

1. How does the age of the home (1970) affect its condition and value?
While older, the home ranks around the middle of the pack for age in its immediate area, meaning it's typical for the street. Buyers should prioritize a thorough inspection to assess the condition of major systems like plumbing, electrical, and the roof, which are common focal points for homes of this era.

2. The living space is noted as modest. Is the layout efficient for a family?
The 1,077 sqft main floor, combined with a finished basement, provides functional space. The single-storey design is excellent for accessibility and creates a cozy, easy-to-maintain living area. Families would need to utilize the basement and the ample yard as extensions of their living space.

3. What are the implications of having a detached garage?
A detached garage offers flexibility—it can be used purely for vehicle storage, as a workshop, or for extra storage without impacting the home's living area. The trade-off is convenience, as you'll need to go outside to access your vehicle, which can be a consideration during Winnipeg winters.

4. The property ranks highly for land but lower for living space. What does this mean for the price?
The assessment and likely market value reflect this balance. You are paying significantly for the desirable lot size and location. The price structure suggests the land itself is a major asset, with the house representing the "improvement" on it. This can be an advantage for buyers who see long-term value in the land.

5. The neighborhood rankings vary widely. What's the community really like?
The home ranks very well within the broader community for lot size, but lower for the age of the home and living space. This indicates Elmhurst is a mature neighborhood with a mix of home sizes and vintages. It's likely a stable, established area where lot size is a key differentiator between properties.