Property Overview: 63 Four Oaks Cove
Key Characteristics & Appeal
This well-maintained, one-storey home in Assiniboia Downs sits on a large, approximately 12,300 sqft lot, which is a significant feature, ranking in the top tier for size both on its street and across Winnipeg. Built in 2008, the 1,985 sqft bungalow offers modern living with the convenience of a renovated basement and an attached garage. Its appeal lies in a combination of space, modern updates, and established community.
The property’s standout characteristic is its generous land area, offering rare potential for expansion, gardening, or private outdoor living within the city. While the interior living space is comfortably sized, the lot itself is the true asset, providing a sense of openness not always found in newer subdivisions. The home’s strong assessed value and recent sale history suggest it has been a solid, well-regarded property in the area.
This home would suit buyers looking for single-level living in a mature neighbourhood, particularly those who value a large yard over a brand-new build. It’s ideal for downsizers seeking space without stairs, or for families wanting room for children or pets to play. The renovated basement adds valuable flexible space for a growing family, a home office, or a recreation room.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates this property’s lot is larger than nearly all compared homes in Winnipeg (Top 3%) and is the largest on its specific street. This is a key differentiator, offering more privacy and yard space than typical.
2. The home was last sold in August 2021. Is that a concern?
Not necessarily. The sale two years ago, combined with a current assessed value closely aligned with that sale price, suggests a stable market history without volatile price swings, which can be a positive indicator of the property’s consistent value.
3. How does the living area compare to the neighbourhood?
At 1,985 sqft, the living area is above average for Winnipeg but more moderate within its immediate neighbourhood. This suggests the home offers ample interior space, but the primary value proposition here is the balance of a comfortable house on an exceptionally large lot.
4. What is the significance of the "renovated basement"?
While specific finishes aren’t detailed, a renovated basement in a 2008 home typically means updated, functional living space that is immediately usable. It adds significant square footage for utilities, storage, or living areas without the need for immediate investment.
5. Are the nearby and similarly valued properties good indicators?
The listed nearby properties confirm a cohesive, established street. The homes with similar assessed values are located in various newer neighbourhoods across Winnipeg, indicating this property offers comparable municipal valuation to newer builds, but within a mature area with larger, established lots.