14 Grey Oaks Cove

Property Overview: 14 Grey Oaks Cove

This well-situated family home in Assiniboia Downs presents a compelling blend of space, location, and established value. Built in 2010, it offers modern living on a generous, private lot.

Key Features & Ideal Buyer

The home’s primary appeal lies in its substantial 11,242 sqft lot, which ranks in the top tier for size both on its street and within the wider neighbourhood. This creates rare potential for outdoor living, gardening, or future expansion. With 2,100 sqft of living space and a renovated basement, it provides ample room for a growing or multi-generational family. The attached garage and single-storey layout add practical, accessible living.

Its value proposition is underscored by strong historical data: it last sold for a premium above its assessed value in late 2021, and its assessed value ranks in the top 2% of Winnipeg, indicating a property that has consistently held its worth. This isn't just a home; it's a long-term holding in a quiet cul-de-sac setting.

This property would best suit buyers seeking a established, move-in ready home on one of the area's largest lots, who value both indoor space and outdoor privacy. It’s ideal for those looking for a stable investment in a mature neighbourhood, away from new construction but with modern amenities.

Frequently Asked Questions

Q: How does the lot size compare to typical properties in Winnipeg?

A: Exceptionally well. The lot is in the top 4% of all Winnipeg properties for size, offering a level of yard space that is increasingly rare.

Q: The home was built in 2010. What does that mean for maintenance?

A: As a 16-year-old home, major systems like roofing, windows, and HVAC are likely original but entering a phase where proactive inspection and potential future replacement should be budgeted for, balancing modern efficiency with upcoming lifecycle updates.

Q: The assessed value seems low relative to the last sale price. Why?

A: Municipal assessed value for taxation purposes often lags behind market value. The fact it sold for $83.5k against an $81.5k assessment in 2021 suggests the market recognized a premium, likely for its prime lot and condition.

Q: What is the significance of the "renovated basement"?

A: While specifics aren't listed, a renovated basement in a 2010 home typically means added, modern living space—such as a family room, bedroom, or suite—that is immediately usable and adds significant functional square footage.

Q: The home ranks highly for value but mid-range for year built on its street. What does this indicate?

A: It suggests the street is a mix of older and newer homes. This property offers a newer construction date than most in Winnipeg, but on its own block, it may be among the newer homes, indicating a well-established, stable community.