Property Summary: 716 Laxdal Road, Winnipeg
Key Characteristics & Appeal
This property is a classic, well-maintained one-storey home in Elmhurst, built in 1971. Its defining feature is an exceptionally large, private lot of over 20,000 sqft, placing it in the top tier of properties in Winnipeg for land size. The home itself offers a generous 1,863 sqft of finished living space, including a developed basement, and is complemented by an attached garage.
The appeal lies in a rare combination of space, privacy, and established character. It suits buyers looking for a serene, park-like setting within the city—ideal for gardening, recreation, or future expansion. The strong assessment value and competitive rankings for both lot size and living area suggest a solid, premium property in its area. It would particularly suit downsizers seeking single-level living without sacrificing yard space, or families valuing room to grow in a mature, sought-after neighborhood. A thoughtful perspective is that while the home is 55 years old, its top-tier land value offers a unique form of equity that newer subdivisions often can't match, representing a long-term investment in location and space over modern finishes.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size (over half an acre) in a established neighborhood is a scarce commodity. It allows for significant outdoor living, potential for additions like a workshop or studio, and typically holds its value independently of the home itself.
2. How does the age of the home (1971) affect things?
The home is from an era known for solid construction. Buyers should budget for expected updates to major 50-year-old systems, like plumbing or electrical, but can also appreciate the character and mature landscaping that comes with an established property.
3. What does the "top 1% in Winnipeg" ranking for lot size actually mean?
This statistical ranking confirms that this property's land parcel is larger than 99% of other residential properties in the entire city, highlighting its rarity and premium positioning in the market.
4. Who is the typical buyer for this property?
Given the single-storey layout and minimal stairs, it strongly appeals to those looking to age in place. It also attracts buyers who prioritize outdoor space and privacy over a brand-new home, and who see value in the mature trees and settled neighborhood of Elmhurst.
5. Are there any drawbacks to a lot this size?
Prospective buyers should consider the ongoing maintenance required for lawns, gardens, and trees. Utility costs for watering may be higher, and property taxes are influenced by the high assessed value, which is driven significantly by the land.