Property Overview: 22 Elmridge Cove
Key Characteristics & Appeal
This well-established two-storey home in Elmhurst sits on a large, approximately 9,000 sqft lot, offering a significant amount of private outdoor space that ranks within the top 16% of the neighborhood. Built in 1979, the 1,659 sqft residence features a finished basement and provides a practical, grounded living space. Its appeal lies in its balance of generous land size and comfortable living area, presenting an opportunity often found in mature communities. The property's value proposition is underscored by its rankings: it outperforms over 90% of Winnipeg homes for lot size and over 80% for living area, suggesting a property that prioritizes space and scale relative to the broader market.
This home would suit buyers looking for a long-term foundation in a stable neighborhood, who value a sizable yard over a brand-new build. It’s ideal for those comfortable with the character and potential of a home from the late 70s, and who see the existing rankings as indicators of solid fundamentals—like land assets and above-average interior space—rather than just current finishes. It's a property for a pragmatic buyer, possibly a growing family or someone seeking room to garden or expand, who understands that value can come from what's already established (the land and floor plan) as much as from recent renovations.
Frequently Asked Questions
1. What does the ranking system actually mean?
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 8%" for lot size in Winnipeg means over 92% of city homes have a smaller lot, highlighting this property's standout feature.
2. Is the 1979 build year a concern?
While the home is not new, its age is fairly typical for the neighborhood. The key points to investigate would be the specific condition and age of major systems (like roof, windows, HVAC) and the quality of the basement finish, as these are common update points for homes of this era.
3. There's no garage. Is adding one feasible?
The very large lot size certainly provides the physical space to consider adding a detached garage or carport in the future. Any addition would be subject to local zoning bylaws and permitting, but the lot dimensions are a major advantage here.
4. The assessment value seems lower than expected relative to other rankings. Why?
Municipal assessments for taxation purposes don't always correlate directly with current market value or specific desirable traits like lot size. The assessment is an administrative metric, while the rankings provided are relative comparisons of physical attributes. The high rankings for lot and living area suggest underlying value the assessment may not fully capture.
5. What is the neighborhood of Elmhurst like?
Elmhurst is a mature, established neighborhood in Winnipeg. Properties here often feature larger lots and a mix of classic architectural styles. The high lot-size ranking of this home within the community itself indicates it is a particularly spacious property even for this area.