Property Overview: 742 Laxdal Road, Elmhurst, Winnipeg
Key Characteristics & Appeal
This 1962-built one-storey home sits on a large, approximately 8,900 sqft lot in Winnipeg's Elmhurst neighborhood. Its key features include a fully finished basement, a combined attached and detached garage, and 1,500 sqft of living space. The appeal lies in its established setting and generous land size, which ranks in the top 9% citywide, offering significant space and privacy for an inner-city property. The home presents a solid foundation with room for personalization.
Its statistical rankings reveal a compelling profile: the property outperforms over 90% of Winnipeg homes in lot size and over 70% in both living area and assessed value, suggesting a strong intrinsic asset relative to the market. However, its age is notable, ranking newer than only 5% of homes in Elmhurst, indicating a property where updates or maintenance considerations come with the territory.
This home would suit a buyer looking for a spacious lot to garden, play, or potentially expand, who values the character of a mature neighborhood over a new build. It’s ideal for someone comfortable with a home that may require gradual modernization but offers immediate equity in the form of land and established community standing.
Frequently Asked Questions
1. What does the "combined attached and detached garage" configuration mean?
This typically means the property has both a garage connected to the house and a separate standalone garage or shed, offering flexible storage or workshop space.
2. The home is noted as being older than most in Elmhurst. What should I consider?
While the systems and structure may be sound, a pre-purchase inspection is crucial to understand the condition of major components like the roof, foundation, wiring, and plumbing common to homes of this era.
3. The lot size is a major standout. What are the advantages?
Beyond space for recreation, a large lot in a mature area like Elmhurst offers long-term value, potential for additions like a deck or garden suite (subject to zoning), and a degree of privacy often unavailable in newer subdivisions.
4. How should I interpret the high rankings for value and size against the lower ranking for age?
This suggests you are primarily investing in the land and location. The house itself may be valued as a functional living space on a premium lot, with the understanding that some of its value could be realized through thoughtful updates over time.
5. Is the fully finished basement included in the 1,500 sqft living area?
Typically, listed living area (sqft) refers to above-grade space. The finished basement adds valuable additional living space but is often not counted in the official square footage figure, making the home more spacious than the number alone implies.