760 Laxdal Road is a substantial two-storey family home in Elmhurst, built in 1974. Its primary appeal lies in its exceptional lot size of over half an acre (23,567 sqft), which places it in the top 1-2% of properties within its community and across Winnipeg for land area. The home itself offers nearly 2,000 sqft of living space, a finished basement, an in-ground pool, and an attached garage. While the structure is over 50 years old, its generous proportions—both in the house and, more notably, on the land—provide a rare opportunity in the city.
This property would best suit buyers looking for space and privacy above all else. It’s ideal for a family that values a large, park-like yard for recreation, gardening, or future expansion. The pool adds a seasonal luxury, making it a potential entertainer’s haven. It also appeals to those who see value in the underlying asset: a massive, established lot in a mature neighbourhood, offering a canvas for significant renovation or even future redevelopment, subject to zoning.
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What is the true standout feature here?
While the house is spacious, the dominant feature is the land. A lot of this size is increasingly rare within Winnipeg. It offers unparalleled outdoor space for a city property, providing privacy, room for activities, and long-term potential that a standard lot cannot match.
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Given the age, what should I budget for?
Built in the 1970s, prospective buyers should plan for updates consistent with a home of this era. A pre-purchase inspection is essential to assess the condition of major systems (roof, plumbing, electrical, foundation), the pool, and any required modernizations. The value proposition is the space and location; some investment in modernization is likely part of the equation.
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Is the pool a pro or a con?
This depends on the buyer. It’s a major advantage for those seeking a resort-like backyard experience during Winnipeg’s summers. However, it requires dedicated maintenance, carries ongoing costs for opening/closing and chemicals, and necessitates strict safety considerations, especially for families with young children.
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How does the assessment compare to the asking price?
The municipal assessment is $543,000. It’s important to understand that this value is for tax purposes and often lags behind the current market. The listing price will reflect current market conditions, the property’s unique attributes, and seller expectations. The assessment confirms it is a high-value property in its area, but the sale price is determined by the market.
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What’s the less obvious perspective on this property?
Beyond the family home scenario, this lot represents a strategic holding. For the right buyer, the existing house provides comfortable living while the scale of the land secures future options—whether for building a dream home, creating a multi-generational compound, or holding as a valuable asset in a mature neighbourhood where such large parcels are essentially irreplaceable.