Property Summary: 39 Hidden Oaks Cove
Key Characteristics & Appeal
This well-established, single-storey home in Assiniboia Downs sits on a remarkably large, private lot of over 14,300 sq ft, placing it among the largest in its immediate area. Built in 2009, the 1,643 sq ft residence features an attached garage and a renovated basement. Its primary appeal lies in its generous land size and established neighbourhood setting, offering space and privacy that are increasingly rare for newer homes. The property’s recent sale history and assessed value suggest it represents solid value within its market segment.
It would suit buyers looking for a grounded, low-maintenance bungalow layout with ample outdoor space for gardening, play, or quiet relaxation. The large lot also presents a long-term advantage, potentially holding value well due to its scarcity. This home is ideal for downsizers, small families, or investors seeking a property with a strong foundational value in a mature community, rather than high-end finishes.
Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The rankings compare this home to others on its street, in the neighbourhood, and across Winnipeg. They highlight that while the living space is modest for the area, the lot size is a standout feature, placing in the top 2% city-wide. This indicates you are purchasing primarily for land value and privacy.
2. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the municipality and current owner regarding permits and compliance to understand its allowable use.
3. The home sold in 2022; why is the assessed value so much lower?
Assessed value is for municipal tax purposes and is typically lower than market value. The significant gap between the 2022 sale price and the current assessment suggests the market valued the property’s unique lot size highly, a factor that may not be fully captured in the formula-based assessment.
4. How does the large lot impact maintenance and costs?
A lot of this size requires more upkeep for landscaping, lawn care, and snow removal. While it offers privacy, prospective buyers should budget accordingly for time or hired services to maintain it.
5. The living area ranks lower than the lot size; what does this imply?
This indicates the home itself is more modest in size compared to others nearby, but it is situated on a premium parcel of land. It suggests potential for future expansion or renovation (subject to bylaws) or simply enjoying a home where the outdoor space is the primary feature.