Property Overview
23 Hidden Oaks Cove is a spacious, modern bungalow in Winnipeg's Assiniboia Downs area. Built in 2009, its key characteristic is its generous scale, featuring nearly 2,500 sqft of living space on a large, private lot of almost 15,000 sqft. The home includes an attached garage and a renovated basement. Its appeal lies in the combination of a relatively contemporary build with established, sizable grounds—a balance that can be hard to find. The property ranks in the top tiers locally for lot size, living area, and assessed value, suggesting a premium offering within its setting.
This home would suit buyers looking for single-level living without compromising on space, whether it's for a growing family needing room to spread out or someone planning for long-term accessibility. It also appeals to those who value privacy and outdoor space over a brand-new build, appreciating a home that is settled into a mature neighbourhood while still having modern systems and finishes. The significant jump in assessed value from its 2021 sale price indicates strong market recognition, making it a consideration for buyers focused on equity and established desirability.
Frequently Asked Questions
How does the lot size compare practically?
At nearly a third of an acre, the lot is exceptionally large for Winnipeg. This offers substantial privacy, space for gardens or recreation, and future potential, but also means higher maintenance and utility costs for landscaping and snow clearing.
What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to clarify the finish quality, any added legal suites or bedrooms, and to verify permits for the work done.
The assessed value is significantly higher than the 2021 sale price. Why?
The assessed value of $950k is a municipal valuation for tax purposes, influenced by broad market trends and recent area sales. It suggests the city sees strong value in the property, but the ultimate market price is determined by current buyer competition and conditions.
Who might this neighbourhood suit?
Assiniboia Downs offers a quieter, suburban feel with larger lots, good for families and those seeking a retreat-like atmosphere. Its location provides relative convenience to major routes, but daily errands will likely require a drive compared to denser urban neighbourhoods.
Are there any apparent trade-offs for this much space?
The home's size and lot come with corresponding property tax and utility obligations. As a one-storey design, the footprint is expansive, which can increase heating/cooling costs. The trade-off is the premium for single-level flow and accessibility on a private parcel.