Property Overview: 754 Laxdal Road, Elmhurst
Key Characteristics & Appeal
This two-storey home, built in 2017, stands out for its modern age and generous proportions in a mature neighbourhood. Its primary appeal lies in offering a like-new build without the typical infill lot size, featuring a spacious 1,804 sqft of living space and a 7,292 sqft lot. The home ranks in the top tier for its assessed value and year built, not just on its street but across the wider Elmhurst area and Winnipeg, indicating a premium, well-regarded property. It includes an attached garage and a basement (not renovated), providing flexible space.
The property suits buyers seeking a modern, low-maintenance home in an established community, who value above-average interior space and a lot larger than many newer constructions. It’s ideal for those who want to avoid immediate major renovations but are comfortable personalizing an unfinished basement. The significant appreciation from its 2021 sale price to its 2024 sale price also suggests it attracts buyers looking for a home with strong value retention in a desirable location.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
While the lot is above average city-wide, it is slightly smaller than the average for Laxdal Road itself. This is a common trade-off for a newer home in an older neighbourhood, offering a generous yard while the home itself occupies a larger footprint.
2. What does the "unrenovated basement" mean?
The basement is finished as part of the original 2017 build but has not been updated or customized since. It presents a blank canvas for the next owner to finish according to their needs, without having to undo previous renovations.
3. The assessed value seems high for the area. Why?
The assessed value ranks in the top 1% on its street and top 5% in Elmhurst, reflecting the premium for a much newer construction (2017) compared to the neighbourhood's predominantly older housing stock from the 1960s-1980s.
4. Has the property's value increased?
Yes. Public records show a sale in January 2021 for $620,000 and a subsequent sale in July 2024 for $70,700. This represents significant appreciation over a three-and-a-half-year period.
5. What is the neighbourhood character like?
Elmhurst is a mature, established neighbourhood. This property offers a modern home within that context, surrounded by a mix of older, well-kept homes. The lot size provides a balance of space and newer construction that is rare in such areas.