Property Overview & Key Characteristics
This 1985-built, two-storey home in Elmhurst offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 8,741 sqft lot—a rare find that places it in the top 9% of all Winnipeg properties for land size. The 1,856 sqft of living space is well above average for the city, complemented by a finished basement, creating ample room for a growing family or those who value spacious interiors.
The home's strength is its established, desirable location. It ranks highly within its own community for lot size, living area, and assessed value, indicating it's a solid property in a sought-after neighbourhood. It particularly suits buyers looking for a long-term family home with significant outdoor space for gardening, play, or future expansion, without the premium of a brand-new build. The thoughtful perspective here is that this property represents a "value anchor" in its area: it's a home with proven, above-average metrics in a mature neighbourhood, offering stability and room to grow rather than flashy new finishes.
Frequently Asked Questions
1. How does the 2019 sale price compare to the current assessment?
The home sold for $472,000 in late 2019. The current assessed value is $550,000. This increase reflects broader market trends and the property's strong characteristics, such as its large lot.
2. What does the ranking data actually mean for a buyer?
The rankings show how this property compares to others nearby. For example, being in the top 13% of its community for assessed value suggests it is considered a more valuable asset than most homes in Elmhurst. This can be a positive indicator for long-term value retention.
3. Is the lack of a garage a significant drawback?
While a garage is a common feature, its absence on such a large lot may present an opportunity. For the right buyer, the space and municipal bylaws could allow for the future addition of a garage or workshop, subject to permits and approvals.
4. The home is 41 years old. What should I consider?
A home of this age will likely have had major components updated. A thorough inspection is crucial to assess the condition of the roof, windows, HVAC system, and plumbing. The positive trade-off is that you often get more space and land for your budget compared to a newer build.
5. Why are the street-level rankings lower than the community and city rankings?
This is a nuanced point. It indicates that Ghent Cove itself may be a street of particularly high-quality, similar properties. So, while this home ranks in the middle of its own street, it excels when compared to the wider community and city, highlighting the overall calibre of the immediate area.