Property Overview: 746 Laxdal Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1970-built bi-level home in Elmhurst presents a practical and value-oriented opportunity. Its key characteristic is the generous 8,745 sqft lot, which is notably larger than most city and neighbourhood properties, offering ample outdoor space. The home itself is compact at 990 sqft of living area, but features a renovated basement, adding functional space. The assessed value is modest, especially within the Elmhurst area, suggesting a relatively accessible price point.
The appeal lies in this balance of a sizable, private yard with a home that has seen some updates. It suits first-time buyers or downsizers seeking a manageable property with room for gardens, play, or future expansion. It’s also a fit for value-focused investors or handy buyers who appreciate the land size and can work with the home’s smaller footprint over time. A less obvious perspective is that its below-average metrics for the neighbourhood might represent a chance to enter Elmhurst at a lower threshold, with the land itself being a long-term asset.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 990 sqft, the living area is below the average for both Elmhurst and the city. This indicates a more compact main living space, though the renovated basement provides additional finished room.
2. Is the lot size a significant feature?
Yes. The lot of 8,745 sqft is well above average for Winnipeg and for Elmhurst. This is one of the property's standout attributes, offering substantial outdoor space.
3. What does the assessed value tell us?
The assessed value is around the city-wide average but is below average for the Elmhurst neighbourhood. This often correlates with a more accessible asking price for the area.
4. Are there recent comparable sales?
The property last sold in December 2020. The provided data lists nearby properties by location and similar assessed value, which an agent can use to find the most current and relevant market comparisons.
5. What is the home’s condition?
The listing confirms a renovated basement. As a home built in 1970, buyers should anticipate typical maintenance for a house of this age and consider a professional inspection for the roof, major systems, and the extent/quality of the renovations.