Property Overview: 26 Elmridge Cove
This 1979-built, two-storey home in Elmhurst sits on a generous 6,274 sqft lot. Its key appeal lies in offering above-average space and established value within a mature neighbourhood. With 1,751 sqft of living space, a finished basement, and no garage, it presents a specific but compelling proposition.
Key Characteristics & Ideal Buyer
The home’s primary strengths are its spacious interior, which is larger than 83% of Winnipeg homes, and its sizable, private lot. Its value is well-established, with an assessed value higher than 80% of the city. The appeal is grounded in practicality and space over modern luxury. It perfectly suits a buyer looking for room to grow indoors and out without a premium for brand-new construction or a garage. It would also fit a value-conscious purchaser who sees potential in a solid, well-sized home from the late 70s and may prioritize lot size or interior square footage over features like a garage or updated finishes. The rankings suggest it offers more "house" for the money compared to most in the city, but within its own immediate street and community, it is a more average offering, indicating a quiet, established setting.
Frequently Asked Questions
1. What does "TWO/ONE STOREY" mean for the layout?
This typically describes a two-storey home where the main floor may be partially raised, creating a split-level effect inside. It’s best to confirm the exact floorplan during a viewing.
2. The home has no garage. Is there ample parking?
The property listing does not specify driveway parking. This is a key point to verify, as on-street parking may be the only option.
3. How should I interpret the competitive rankings?
They show the home’s position relative to others. For example, its living area is larger than most in Winnipeg (top 17%), but its age is more average (top 38%). This highlights its strength as a spacious property in a mature area.
4. What are the implications of a 47-year-old home?
While offering character and established landscaping, it necessitates a thorough inspection. Key systems like roof, windows, plumbing, and electrical should be evaluated for age and condition.
5. The assessment is $482,000. Will the selling price be similar?
Not necessarily. Municipal assessments are for tax purposes and can differ from market value, which is driven by current buyer demand, condition, and recent comparable sales.