Property Summary: 38 Bur Oaks Cove
Section 1: Key Characteristics & Appeal
This property is a spacious, well-maintained one-storey home built in 2010, situated on an exceptionally large lot of over 12,800 square feet in Assiniboia Downs. Its key appeal lies in a combination of generous space, modern updates, and a highly desirable location ranking. The home features 2,230 sqft of living area and a renovated basement, offering ample room for family living and entertaining.
The standout feature is the land itself—the lot size ranks in the top 3% of all properties in Winnipeg, providing rare privacy and potential for gardens, recreation, or expansion. Combined with an assessed value in the top 2% of the city, this indicates a premium property within a established neighbourhood. Its appeal is for buyers seeking a move-in ready, single-level layout on a truly substantial parcel of land, without sacrificing modern comforts. It would particularly suit growing families or multi-generational households looking for interior space and outdoor freedom, or downsizers who want single-storey convenience but don’t want to compromise on lot size and prestige.
A less obvious perspective is the value of stability it represents. The home is newer than 87% of Winnipeg properties and sits on a street where it is newer than 83% of its neighbours, suggesting a well-built home in a mature yet refreshed setting. The significant jump in assessed value since its last sale in 2016 also points to strong, sustained appreciation.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
While the listing confirms the basement is renovated, specific details on the finishes, rooms, and whether it includes a separate entrance or suite would require clarification from the listing agent or a viewing.
2. How does the large lot impact maintenance and utility costs?
A lot of this size requires more upkeep for landscaping and lawn care. Potential buyers should consider the associated time, equipment, or service costs. It may also influence property tax calculations alongside the assessed value.
3. The home ranks highly for lot size but mid-range for living area on its street. What does this mean?
This suggests the home offers a balanced footprint, where the living space is comfortable and above average for Winnipeg, but the true premium is the outdoor space. The focus here is on land value and potential rather than an excessively large house.
4. Are there any development restrictions or bylaws for a lot this size?
Given the lot's exceptional size, buyers interested in future additions like a garage, pool, or secondary suite should verify zoning bylaws and any restrictive covenants with the city to understand what is permissible.
5. The assessed value is significantly higher than the 2016 sale price. Is this accurate?
The assessed value is the city's estimation for tax purposes. While it indicates strong market appreciation, a professional appraisal and current market comparison would be needed to determine the accurate fair market value for purchase.