Property Overview: 125 Overwater Cove
Key Characteristics & Appeal
This well-situated Elmhurst family home is a 1988-built, four-level split on a large, approximately 6,000 sqft lot. Its key features include nearly 1,900 sqft of finished living space and a developed basement, offering ample room for a growing household. The home’s practical layout is complemented by a single attached garage.
The appeal lies in its established, quiet cul-de-sac setting and its above-average footprint both in terms of lot size and living area for its vintage. The data suggests it outperforms a significant majority of Winnipeg homes in size and is newer than most in its immediate neighborhood. It represents a solid, move-in-ready property in a mature community, avoiding the premium of a brand-new build while offering more space than many contemporary alternatives.
This home would best suit buyers looking for a long-term family residence who value space, a settled neighborhood character, and a practical layout over ultra-modern finishes. It’s a pragmatic choice for those who want room to grow without the maintenance of a much older property or the higher cost per square foot of a new subdivision home.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for specific metrics. For example, being newer than 81% of homes in Elmhurst means it’s relatively modern for the area, while its living area is larger than 88% of all Winnipeg homes, highlighting its spaciousness.
2. Is the four-level split layout efficient?
This style offers good separation of living and sleeping areas, often with a distinct lower-level family room. It can be energy-efficient for heating zones but involves more stairs than a bungalow or two-story. It’s ideal for families wanting defined living spaces.
3. How does the assessment value relate to the likely selling price?
The municipal assessment of $487,000 is for tax purposes and is based on past market data. The current selling price will be determined by today's market conditions, recent comparable sales, and the home's specific presentation.
4. What are the pros and cons of a 1988-built home?
Pros include modern wiring and insulation standards compared to older stock, and likely updated components. Cons may include the eventual need to replace original major systems (like the roof or HVAC) that are reaching a typical lifespan, which should be factored into a home inspection.
5. What is the feel of the Elmhurst neighborhood?
Elmhurst is a mature, established neighborhood with a mix of home styles from various eras. It offers a sense of permanence and community, with well-treed streets and local amenities. It typically appeals to those seeking a settled environment rather than a newly developed area.