Property Summary: 785 Laxdal Road
Key Characteristics & Appeal
This 1961-built, single-storey home sits on a notably large, 8,190 sqft lot in Elmhurst. With 973 sqft of living space and a finished basement, it offers practical, single-level living. The property’s primary appeal lies in its generous land size, which ranks within the top 11% of all Winnipeg lots, presenting significant value for those prioritizing outdoor space, gardening potential, or future expansion over a large existing footprint. Its recent sale at the assessed value of $365,000 in 2022 suggests a stable, established market price.
It would best suit first-time buyers, downsizers, or practical investors seeking a land-rich property in a mature neighbourhood. The home is a canvas: ideal for someone comfortable with the character of a 60-year-old home and who sees potential in the lot itself, whether for enjoying private green space, adding a garage, or a thoughtful, long-term renovation. It’s a property where the land is the leading asset, offering more future flexibility than many newer, denser subdivisions.
Frequently Asked Questions
1. What does the lot ranking actually mean?
The ranking indicates the property’s 8,190 sqft lot is larger than 89% of all residential lots in Winnipeg, making it a standout feature for the price in terms of sheer outdoor space.
2. Is the home in original condition?
Built in 1961, the home is 65 years old. While specific interior conditions aren’t detailed, the age suggests buyers should budget for updates to mechanical systems, windows, or insulation common to homes of this era.
3. Why is the assessed value the same as the 2022 sale price?
The sale likely set the current assessed value. This indicates the market price was aligned with the city’s assessment at that time, providing a clear, recent benchmark.
4. What are the implications of no garage?
The lack of a garage, combined with the very large lot, presents both a consideration for vehicle storage and a potential opportunity. There is ample space to add a garage or workshop, subject to local zoning and permit requirements.
5. How energy-efficient is a home from 1961?
Homes from this period were built before modern energy codes. Prospective buyers should anticipate lower baseline efficiency and factor in potential costs for improvements like air sealing, attic insulation, or furnace replacement to enhance comfort and reduce utility bills.