Property Overview: 145 Overwater Cove
This well-established Elmhurst bungalow offers a blend of space, privacy, and recreational amenities on a large, mature lot. Built in 1987, its key appeal lies in its single-level living, a fully finished basement, and a private in-ground swimming pool—a rare combination in the area. The home sits on over 7,150 sqft of land, providing a generous and secluded backyard oasis. With an assessed value significantly lower than its last sale price in 2021, it presents an interesting value proposition in the current market.
The property would particularly suit buyers seeking a move-in ready home with minimal stairs, such as downsizers or young families looking for a recreational backyard. Its strong rankings in assessed value and past sale price within Winnipeg suggest it's a premium offering in its class, appealing to those who prioritize lot size and private amenities over a brand-new build. A thoughtful perspective is that while the home's age places it in the older half on its street, it ranks as newer than most in the broader community, indicating a well-built era for the neighborhood.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current asking price?
The provided data shows a sale price of $660,000 in May 2021. The current asking price is not listed in this summary, so a direct comparison requires checking the latest listing. The assessment value is noted at $586,000.
2. What is the practical benefit of the property's ranking data?
The rankings show how this home compares to others in key metrics. For instance, it ranks in the top 16% of Winnipeg for lot size and top 14% for living area, confirming its above-average space. Conversely, its build year is newer than 79% of homes in Elmhurst, offering context on its place in the community's timeline.
3. Is the basement included in the 1,827 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade, finished space. The home has a fully finished basement, which adds significant additional living space not reflected in that 1,827 sqft figure.
4. What might the high assessment and past sale rankings indicate?
Ranking in the top 8-10% of the community and city for assessed value and past sale price suggests this has been considered a higher-value property within its market segment. This can point to desirable location, lot features, or property condition, but should be verified with a current viewing and market analysis.
5. Who might this home not be ideal for?
Given its one-storey design and established nature, it may be less suited for buyers seeking a modern, multi-story layout or those unwilling to manage the maintenance that comes with a larger lot, a pool, and a home approaching 40 years of age.