Property Overview: 733 Laxdal Road
This well-established bungalow in Elmhurst offers a classic and practical home on a generous, mature lot. Built in 1970, its key appeal lies in its spacious 8,136 sqft property—a significant asset that ranks in the top 11% for size across Winnipeg. The home itself is a manageable 1,023 sqft one-storey layout with a finished basement and a detached garage, presenting a low-maintenance living structure.
Its primary strength is the exceptional lot size, providing ample outdoor space for gardening, play, or future expansion in a quiet neighborhood. The home suits first-time buyers looking for a solid starter home with land potential, downsizers seeking single-level living without a tiny yard, or value-oriented investors attracted by the below-average price point for the lot size. A thoughtful perspective is that while the house ranks average or below in features like living area and age for its immediate area, its standout lot size and city-wide ranking offer a unique value proposition that isn't immediately apparent from the street.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 8,136 sqft lot is a major feature, placing it in the 89th percentile (top 11%) for all of Winnipeg. It's significantly larger than many standard city lots.
2. What is the condition and layout of the finished basement?
The listing confirms the basement is finished, adding valuable living space to the 1,023 sqft main floor. Specifics on rooms, ceiling height, and moisture control should be verified during a viewing.
3. How does the home's value and assessment compare to the area?
The current assessed value of $377,000 ranks near the middle for the street but higher than 59% of Winnipeg homes. The 2017 sale at $335,000 suggests historical value growth; a current market evaluation is recommended.
4. Is the property suited for a major renovation or rebuild?
The expansive lot certainly has the space potential for an addition or future redevelopment, subject to city zoning bylaws. The existing bungalow layout is also conducive to interior updates.
5. What are the practical implications of the home's age?
Built in 1970, essential systems like roof, windows, plumbing, and electrical may be at or beyond their typical service life. A thorough inspection is crucial to understand any needed updates or maintenance costs.