750 Laxdal Road

Property Overview: 750 Laxdal Road, Winnipeg

Section 1: Key Characteristics & Appeal

This is a modest, one-storey home built in 1948, situated on a generous 7,292 sqft lot in Elmhurst. With 988 sqft of living space, an unfinished basement, and no garage, it presents as a straightforward, no-frills property. Its most compelling feature is the lot size, which is above average citywide, offering ample outdoor space relative to many Winnipeg homes.

The appeal here is fundamentally about value and potential. With a very low assessed value compared to its neighbourhood and recent sale price, it represents one of the most accessible entry points into homeownership in the city. It suits first-time buyers or practical investors seeking a land-positive property with a basic dwelling. The value lies not in its current condition or size, but in the opportunity it provides: a chance to secure a large lot in a developed area at a lower cost, with the future potential for renovation, expansion, or even redevelopment, subject to zoning. It’s a property for those comfortable with a project or who prioritize land ownership over a move-in-ready home.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than other homes in Elmhurst?
The assessed value reflects the home's older age, smaller size, and basic condition compared to the neighbourhood average. It is primarily valued for its land.

2. What can I do with such a large lot?
The sizable lot is the property's standout feature. It allows for extensive gardening, outdoor living space, and future possibilities like adding a garage, expanding the home, or creating a secondary suite (pending municipal approval and zoning).

3. Is the basement usable?
The listing specifies the basement is unfinished. It provides storage and mechanical space but would require renovation to become livable area.

4. How does the living area compare to typical homes?
At 988 sqft, the living space is below average for the street, neighbourhood, and city. This confirms it as a compact, efficient layout suited to individuals, couples, or small families.

5. The home is older—what should I be most concerned about?
Built in 1948, a professional inspection is essential. Key focus areas would typically include the age and condition of the roof, foundation, plumbing, electrical systems, and insulation, which may not meet modern standards.