42 Bur Oaks Cove

Property Overview

42 Bur Oaks Cove is a spacious, well-situated family home in Assiniboia Downs. Its primary appeal lies in the combination of a very large, private lot and a modern, low-maintenance single-storey layout built in 2008. The home sits on over 12,300 square feet of land, placing it in the top tier for lot size within its immediate area and across Winnipeg. This offers significant room for gardening, play, or future expansion. While the basement is unfinished and the home lacks a pool, it features an attached garage and a practical floor plan with nearly 1,600 square feet of living space.

This property is ideally suited for buyers who prioritize outdoor space and privacy over a recently renovated interior. It’s a strong fit for growing families seeking room to spread out, or for those looking for a modern bungalow with the potential to customize the basement to their own needs. The 2008 build date suggests major systems are relatively contemporary, offering peace of mind. A thoughtful perspective is that the home’s assessed value ranks highly city-wide, indicating a solid foundation of municipal valuation for its category, which can be appealing for long-term stability.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The rankings show the property is in the top 3% in Winnipeg for lot size, meaning very few homes in the city sit on larger lots. On its own street and in the neighbourhood, it also ranks in the top third, confirming it’s a standout feature for the area.

2. The home last sold in 2017. Is the price based on that?
No, the listed price is set by the current seller. The 2017 sale price of $570k is historical data for context, showing market activity from that time. The current assessed value is notably different, which is common, as municipal assessments for tax purposes don't always align directly with market value.

3. The basement is "not renovated." What condition is it in?
The listing specifies the basement exists but is unfinished. This means it’s likely a blank canvas of concrete floors and walls, ready for future development. It adds valuable space for storage and presents an opportunity for customization.

4. How does the living area compare to nearby homes?
At 1,590 sqft, the living area is the largest on its street (ranking 1st out of 12) and is in the top 30% for the neighbourhood. This indicates it offers more interior space than most comparable nearby properties.

5. The assessed value seems low compared to the last sale price. Why?
Municipal assessed value ($60.60k) is not an indicator of market price. It is a valuation used for calculating property taxes and often lags behind the actual real estate market. The significant difference between the assessed value and the 2017 sale price highlights this standard disconnect.