Property Overview: 16 Gnapp Cove
Key Characteristics & Appeal
This 1990-built two-storey home in Elmhurst sits on a large, approximately 9,268 sqft lot, offering substantial outdoor space that ranks in the top tier for the area. With 2,362 sqft of living space, the home itself is notably spacious, placing it in the top 3-4% of homes in both its immediate community and Winnipeg overall. Key features include a finished basement and an attached garage.
The appeal lies in its combination of generous indoor and outdoor space within a well-established neighborhood. The property's high percentile rankings for lot size, living area, and assessed value suggest it is a substantial and above-average offering for the market. It would particularly suit buyers looking for a family-sized home with room to grow, who value established communities and prioritize space over a brand-new build. A thoughtful perspective is that while the home is 36 years old, its strong rankings indicate it has been maintained as a competitive and desirable property within its cohort, appealing to those who appreciate mature landscaping and settled neighborhoods.
Frequently Asked Questions
1. How does the 2016 sale price compare to the current assessment?
The home sold for $525,000 in August 2016. The current assessed value is $686,000. This reflects market changes over eight years and the property's high ranking in value within the community.
2. What do the percentile rankings actually mean?
They show how this property compares to others. For example, ranking in the "top 4%" for living area in Winnipeg means 96% of homes in the city are smaller. It's a quick way to see this home's standout features relative to the market.
3. Is the lot size typical for Elmhurst?
At over 9,200 sqft, the lot size is a key feature, ranking in the top 10% on its street and top 14% in the broader Elmhurst community. It is significantly larger than average.
4. What might the age of the home imply for a buyer?
Built in 1990, the home is in the middle of its street for age (top 20%) but newer than most in Elmhurst (top 15%). Buyers should budget for updates consistent with a home of this era, but it may benefit from more modern construction standards than much older properties.
5. How energy-efficient or updated is the home?
The property details do not specify recent renovations or energy efficiency ratings. A pre-purchase inspection would be essential to determine the condition of major systems like the roof, windows, and HVAC, which are at an age where updates are common.