Property Overview: 30 Bur Oaks Cove
Key Characteristics & Appeal
This is a spacious, well-situated family home built in 2010, offering a blend of modern convenience and established neighbourhood charm. Its most defining feature is the exceptionally large, half-acre lot (20,492 sqft), which places it in the top tier for land size not just on its street, but across the entire city. The home itself is a renovated one-storey bungalow with 1,652 sqft of living space and an attached garage.
The primary appeal lies in its rare combination of a massive, private yard within a mature urban setting—a perfect canvas for gardening, recreation, or future expansion. The renovated basement adds valuable finished living area. While the living space is comfortable, the property’s standout value is in its land. It suits buyers looking for a long-term family home with ample outdoor space, those who value privacy and room to breathe more than a large interior footprint, or savvy purchasers who see the potential in the lot itself, whether for enjoying now or considering future development possibilities down the line.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is significantly lower than the home's last sale price in 2020. This is common and reflects that tax assessments are for municipal purposes and often lag behind market values. The price will be determined by current market conditions and the property's unique attributes.
2. Is the living space small for the neighbourhood?
At 1,652 sqft, the living area is on the modest side compared to some homes in the area. However, this is balanced by the renovated basement and, most notably, the vast lot size. It's ideal for those who prioritize outdoor living space over a massive interior.
3. What does the "Top 99% in Winnipeg" ranking for land area mean?
This statistic indicates that this property's lot is larger than 99% of all residential lots in Winnipeg. It highlights the rarity and significant value of owning a half-acre parcel within the city limits.
4. The home sold in 2020. What might have changed since then?
While the core structure and lot remain, the sellers have completed a renovation of the basement since the 2020 purchase. It's always recommended to review the specifics of these updates and inquire about any other changes or improvements made during their ownership.
5. Who would this property not be ideal for?
It may not suit buyers seeking a brand-new home or a very large interior square footage without a project. The maintenance of a large yard is a consideration, and those wanting a low-maintenance, compact lot would likely find better options elsewhere.