Property Overview: 117 Overwater Cove
This well-established Elmhurst bungalow offers a classic and practical family home on a generous, mature lot. Built in 1989, its key appeal lies in its single-level living, finished basement, and a sense of space both inside and out. The home's nearly 1,800 sqft of living area is above average for Winnipeg, and its lot size of over 6,500 sqft provides ample outdoor room. The rankings provided indicate it is a competitively sized property city-wide, situated in a neighborhood of older homes. It would particularly suit buyers looking for a move-in ready bungalow without the maintenance of a brand-new build, such as growing families seeking stability, or those planning for long-term, accessible living. A less obvious angle is its potential for future value growth through updates, as the core structure and desirable lot are strong assets in a mature, established community.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg for metrics like size, age, and assessed value. For example, being newer than 83% of homes in Elmhurst suggests the area has many older properties, while its size ranking in the top 15% city-wide highlights its above-average square footage.
2. Is the basement included in the 1,797 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade, finished space. The basement is noted as finished separately, meaning it provides additional usable living space not reflected in that primary square footage figure.
3. What can the assessment value tell me about the listing price?
The municipal assessment of $506,000 is used for calculating property taxes and is not a direct market valuation. However, it is a data point that sellers and buyers consider. A listing price may be set above, at, or below this figure based on market conditions, recent upgrades, and seller motivation.
4. What are the pros and cons of a home built in 1989?
Homes from this era often benefit from modernized wiring and standards compared to mid-century builds, while still featuring durable construction and mature landscaping. Potential considerations could include the upcoming lifecycle replacement of original components, such as the roof, windows, or major appliances, which should be evaluated during an inspection.
5. What is the neighborhood character of Elmhurst?
Elmhurst is a long-established Winnipeg neighborhood. The data shows a mix of home ages, with this property being on the newer side for the area. This suggests a stable, settled community with well-developed trees and amenities, likely appealing to those seeking an established suburban feel rather than a newly developed subdivision.