Property Overview: 727 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 sqft—a significant asset that ranks in the top 11% for size across Winnipeg. The home itself offers 1,108 sqft of living space with a finished basement and a detached garage. Recent market activity is confirmed by a 2021 sale at $370,000, close to its current assessed value.
The property suits practical buyers looking for space and stability over new construction. It’s ideal for those who value a large, private yard for gardening, recreation, or future expansion more than a modern floor plan. The rankings provided reveal a nuanced story: while the lot is exceptionally large, the home’s age and size are more average for the area, suggesting the land itself is the standout feature. This makes it a solid candidate for buyers comfortable with a home from the 1970s who see the inherent long-term value in the land parcel.
Frequently Asked Questions
1. What is the true standout feature of this property?
The lot size is the most competitive feature. At over 8,100 sqft, it is substantially larger than most properties in Winnipeg, offering rare potential for outdoor living, gardening, or future additions.
2. How does the home’s condition compare to others in the neighborhood?
The rankings indicate the home itself (its age and living space) is more typical or modest compared to the lot. It ranks in the top 76% for size in Elmhurst, meaning many homes are larger. Buyers should be prepared for the character and potential updates typical of a 1970s build.
3. Is the price in line with the area?
The 2021 sale price was $370,000, and the current assessment is $357,000. This history suggests a stable value. Its assessed value ranks in the top 47% citywide, indicating it is priced above the median Winnipeg home, likely reflecting its desirable lot.
4. What type of buyer would this home suit best?
It best suits a buyer with a vision for utilizing outdoor space or who prioritizes land value. It could be a good fit for a first-time buyer looking for a manageable single-level home with room to grow, or someone seeking a stable investment in a mature neighborhood.
5. What are the less obvious considerations?
Consider the "split" in rankings: the property excels in land size but is more average in building metrics. This can be an advantage for a buyer who sees value in the land itself. Also, the detached garage offers flexibility but means no direct indoor access from the house, a factor in Winnipeg winters.