713 Laxdal Road

Property Overview: 713 Laxdal Road

Key Characteristics & Appeal

This 1970-built, three-level split home in Elmhurst offers a practical and spacious layout on a large, nearly 7,000 sqft lot. With 1,157 sqft of living space and a finished basement, it provides ample room for a growing household or those who value separate living areas. Its key appeal lies in its established neighborhood setting and its strong value proposition relative to the wider Winnipeg market. The property ranks notably high city-wide for its lot size (top 17%) and assessed value (top 34%), suggesting a solid investment in a desirable location.

The home would suit first-time buyers looking for a move-in-ready property with space to grow, or downsizers seeking a manageable single-family home with a low-maintenance yard. It also appeals to the value-conscious buyer who prioritizes land size and location over a newer build. A thoughtful perspective is that while the home itself is of average size for its area, its superior lot size offers future potential—whether for gardening, expansion, or simply enjoying more private outdoor space than many modern infill properties provide.

Frequently Asked Questions

1. What is the significance of the property rankings?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for metrics like size, age, and value. They highlight that this property’s lot size and assessed value are particularly strong compared to most of the city.

2. Is a 56-year-old home a concern?
While the building’s age suggests some systems may be original and due for updates, it also often means the home was built on a generous lot in a well-established neighborhood. A thorough inspection is key to understanding the condition of the roof, windows, plumbing, and electrical.

3. What are the pros and cons of a three-level split design?
This style offers good separation of living and sleeping areas, often with a distinct family room level. The trade-off is more interior stairs, which may not suit everyone, but it efficiently creates multiple defined spaces on a modest footprint.

4. How does the finished basement add value?
It immediately increases the usable living space, ideal for a recreation room, home office, or guest area. It’s a functional advantage over homes with unfinished basements, provided the finish is in good condition and meets local standards.

5. Why is the lot size a standout feature?
At nearly 7,000 sqft, the lot is larger than over 83% of properties in Winnipeg. This provides more privacy, outdoor enjoyment space, and potential for additions or landscaping than typically found in newer subdivisions, making it a long-term asset.