Property Overview
This 1984-built four-level split home at 11 Cheltenham Cove offers a practical layout on a large, 7,420 sqft lot in Winnipeg's Elmhurst neighborhood. Its key appeal lies in its established setting and the balance of space and value it presents. With 1,497 sqft of living space, an unfinished basement, and an attached garage, it provides a solid foundation for customization. The property's standout feature is its generous lot size, which ranks within the top 14% of all Winnipeg properties, offering significant outdoor potential. Its overall assessed value ranks higher than most comparable homes in the city.
The home would suit a value-conscious buyer looking for a "blank canvas" property in a mature neighborhood. It's ideal for someone comfortable with gradual updates or who prioritizes land size over a move-in-ready finish. The unfinished basement and the home's age suggest it appeals to DIY enthusiasts or investors seeking a property with equity-building potential through renovations.
Frequently Asked Questions
1. What are the main advantages of a four-level split layout?
This design typically creates distinct living zones across different levels, offering more privacy between bedrooms and common areas compared to a bungalow or standard two-story. It can make efficient use of the home's footprint.
2. The lot is notably large. What does this mean for a buyer?
Beyond simple yard space, a lot of this size (ranking in the top 14% in Winnipeg) provides rare flexibility in an established area. It allows for potential future additions like a large deck, garden, or shed, and generally holds long-term value due to its scarcity.
3. The basement is unfinished. Is this a drawback or an opportunity?
This is a key opportunity. It allows a new owner to customize the space to their exact needs—whether as a rec room, home office, or additional bedrooms—without paying a premium for a previous owner's choices. It also means no immediate concerns about the quality or condition of past basement renovations.
4. How should I interpret the provided rankings?
These rankings compare this property to others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, being newer than 66% of Winnipeg homes indicates it's a relatively younger property in the city's housing stock, which can be positive for certain building materials and systems.
5. What is the likely profile of the future buyer for this home?
Given its combination of a large lot, unfinished spaces, and a value-oriented price point, the most likely buyers are practical homeowners willing to personalize the property over time. It's less suited for someone seeking a turn-key, low-maintenance home and more for those who see potential in a property's underlying structure and land.