Property Overview & Appeal
47 Four Oaks Cove is a spacious, modern bungalow situated on an exceptionally large lot in Assiniboia Downs. Built in 2010, its key features include a renovated basement, an attached garage, and a private pool. The property’s standout characteristic is its land size—over 20,000 square feet—which places it in the top 1% of all residential lots in Winnipeg. This offers rare potential for privacy, gardening, expansion, or outdoor recreation within the city.
Its appeal lies in this unique combination of a contemporary, low-maintenance home with the expansive, established feel of an estate-sized property. It suits buyers looking for a move-in ready home with premium outdoor space for a growing family, entertaining, or simply enjoying a generous yard. The high rankings for lot size and assessed value in its area suggest it’s a standout property that holds its value well, likely attracting buyers who prioritize long-term investment alongside lifestyle.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A viewing or follow-up with the listing agent is necessary to see the quality of the renovation and understand how the space is configured (e.g., additional bedrooms, a living area, or a dedicated recreational room).
2. The assessed value seems low compared to the last sale price. Why is that?
Municipal assessed value for taxation purposes often lags behind the current market and does not necessarily reflect a home’s full market value, especially for unique properties with highly desirable features like an exceptionally large lot or a pool. The last sale in 2016 and current market conditions are stronger indicators of its worth.
3. How does the pool impact utility costs and maintenance?
While a significant amenity, a pool adds to annual maintenance (opening, closing, cleaning, chemicals) and will increase seasonal water and energy usage for pumping and heating. Prospective buyers should budget for these ongoing costs and consider the shorter Winnipeg season for usability.
4. Is the large lot a benefit for future expansion?
Potentially, yes. A lot of this size could allow for additions like a larger garage, a workshop, or a home extension, subject to local zoning bylaws and permit approvals. It’s a major asset for customisation not found in newer subdivisions.
5. The home's living area is ranked lower than its lot size. What does that mean?
This indicates the house itself, while a comfortable size, is not exceptionally large compared to others in the area. The premium here is on the land. This could be perfect for those who value expansive outdoor space over a massive interior footprint, but buyers seeking a very large home and a large yard should verify the interior layout meets their needs.