34 Grey Oaks Cove

Property Overview: 34 Grey Oaks Cove

Key Characteristics & Appeal

This two-storey home, built in 2008, is situated on an exceptionally large, private lot in the Assiniboia Downs area. The property’s standout feature is its land: at nearly 12,000 square feet, the lot size ranks in the top 4% of all properties in Winnipeg, offering rare space and potential for gardens, recreation, or future expansion. The home itself features a renovated basement and attached garage, with a living area that is spacious and above average for the city.

Its appeal lies in a compelling combination of established neighbourhood character and standout metrics. While the house is modern and well-sized, the true value is anchored in the land—a substantial and increasingly scarce asset in the city. It suits buyers looking for a long-term family home where the property itself is a primary investment, particularly those who value outdoor space, privacy, and the stability of a mature area. It would also appeal to value-conscious buyers who see potential in a solid structure on a premier lot, where the land may appreciate independently of the dwelling.

Frequently Asked Questions

1. How does the lot size compare to typical properties?
The lot is exceptionally large at 11,763 sq ft, placing it in the top 4% for size across Winnipeg. It offers a level of privacy and space that is uncommon in the city.

2. What is the neighbourhood like?
The home is in Assiniboia Downs, a stable, established area. The property ranks in the top 12% for lot size within its immediate neighbourhood, indicating it is one of the larger, more private lots on the street and in the area.

3. Has the property been updated?
The listing confirms the basement has been renovated. Further details on the scope and quality of this renovation, as well as updates to other parts of the home, should be confirmed with a viewing or the listing agent.

4. How does the assessed value relate to the market?
The municipal assessed value is $68,500, which is a figure used for tax purposes. It is not a market valuation. The home last sold in January 2021 for $590,000, which is a more relevant benchmark for current market value.

5. Is the living space adequate for a family?
With 2,129 sq ft of living area, the home is above the Winnipeg average (top 7% in the city) and provides ample space for a family. The renovated basement likely adds further functional living or recreational space.