Property Overview
20 Turcotte Cove is a spacious, well-established family home in Elmhurst. Built in 1990, this two-storey sits on a large 7,515 sqft lot and offers 2,490 sqft of finished living space, including a developed basement. It features an attached garage and ranks highly within Winnipeg for its above-average lot size, living area, and assessed value.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous scale and established neighbourhood setting. With a living area that places it in the top 3% of Winnipeg homes, it offers abundant space for a growing or multi-generational family. The large lot provides room for outdoor activities, gardening, or future expansion. Its high percentile rankings for size and value within the community suggest it is a substantial and competitive property in its area.
This home is ideally suited for buyers seeking a move-in ready, spacious residence without the premium of a brand-new build. It fits families looking for long-term stability in a mature area with larger property sizes. The high city-wide rankings indicate it’s a property that holds significant tangible assets (space and land) compared to the broader market, appealing to those who prioritize square footage and lot size over a more modern or centrally-located footprint.
Frequently Asked Questions
1. What is the significance of the percentile rankings?
The rankings show how this property compares to others in its immediate street, the Elmhurst community, and all of Winnipeg. For example, being in the top 3% for living area city-wide means it is significantly larger than most homes in Winnipeg, which is a key marker of its value.
2. Is the basement included in the 2,490 sqft living area?
Typically, "living area" refers to above-grade, finished space. The listing separately notes a developed basement, meaning there is additional finished space below ground not included in that 2,490 sqft figure, adding to the home's usable space.
3. What does an assessed value of $685,000 indicate?
This is the municipal government's valuation for property tax purposes. It is a strong data point, placing the home in the top 4% of Winnipeg by assessed value, but the final sale price is determined by the market and can be higher or lower.
4. The house was built in 1990. What should I consider?
A home of this age is likely past its major initial systems warranties but is also established in a mature neighbourhood. Prospective buyers should pay close attention to the condition and age of major updates, such as the roof, windows, HVAC, and kitchen/bathroom renovations, during an inspection.
5. How does the lot size compare?
At 7,515 sqft, the lot is substantially larger than the average urban lot. This not only provides more private outdoor space but also offers potential for additions like a deck, shed, or pool, and may contribute to a greater sense of privacy from neighbours.