Property Summary: 126 Overwater Cove
Key Characteristics & Buyer Appeal
This two-storey home in Elmhurst is a spacious, well-established property on a large 7,361 sqft lot. Built in 1990, it offers 2,355 sqft of living space with a finished basement and an attached garage. The home's standout feature is its size, ranking within the top 4% of Winnipeg homes for living area and situated on a lot that provides ample outdoor space. Its appeal lies in this generous footprint, offering room to grow and privacy that is harder to find in newer subdivisions. The data suggests a property that is consistently above average for its neighbourhood and city-wide in key metrics like size, lot, and assessed value.
It would particularly suit buyers looking for a mature, settled community who prioritize interior space and yard size over a brand-new build. It’s an ideal fit for a family needing multiple living areas or someone who values the established character and landscaping of a 36-year-old property. A thoughtful perspective is that while the home is not new, its rankings indicate it was a substantial, high-quality build for its time, potentially offering better construction materials and space efficiency than some newer homes at a similar price point.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the top 14% for lot size in Winnipeg means 86% of homes in the city have a smaller lot. It’s a quick way to see the home’s competitive standing.
2. Is a 1990-built home considered old?
While 36 years old, the data shows it’s newer than 75% of Winnipeg homes. In mature neighbourhoods like Elmhurst, it may be one of the more recent builds, potentially meaning updates like modern wiring or windows could already be in place.
3. The assessment is $608,000. Will that be the sale price?
Not necessarily. The assessed value is for municipal tax purposes. The market sale price is determined by current buyer demand, condition, and comparable sales, and can be higher or lower.
4. What are the advantages of a large, mature lot?
Beyond privacy and space for play or gardens, large lots in established areas often have mature, climate-resilient trees and landscaping that can’t be quickly replicated, providing natural shade and aesthetic appeal.
5. What might "finished basement" include in a home of this era?
Typically, this indicates a developed recreational space, possibly with a bathroom. It’s important to clarify the finish quality, ceiling height, and whether it conforms to current building codes, as standards have evolved since 1990.