Property Overview: 28 Turcotte Cove
This two-storey family home in Elmhurst presents a compelling opportunity for buyers seeking space, established character, and a solid investment in a desirable Winnipeg neighbourhood. Built in 1991, it sits on a large, approximately 7,800 sqft lot and offers over 2,650 sqft of finished living space, including a developed basement.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous proportions and established setting. With a living area ranking in the top 1% of its community and top 2% city-wide, it offers rare interior space for the area. The large lot provides ample room for gardening, play, or future outdoor amenities. A finished basement and attached garage add practical, year-round functionality.
Its value is underscored by strong market rankings; it consistently places in the top quartile or higher for size, assessed value, and recent sale price within its immediate streets, the broader Elmhurst community, and across Winnipeg. This suggests a home that has been both well-maintained and is positioned in a stable, sought-after location. The 1991 build year offers a balance between modern construction standards and the mature landscaping of an established area, without the immediate concerns of much older infrastructure.
This home would ideally suit growing or multi-generational families who need multiple living areas and bedroom space, or professionals looking for a home with room to work and host. It’s also a strong candidate for buyers who prioritize a property with proven value retention and equity growth, as evidenced by its historical performance.
Frequently Asked Questions
1. What does the high ranking in "Assessed Value" for the community mean?
It indicates the municipal property assessment for this home is among the very highest in Elmhurst (top 0%), reflecting its combination of large lot size, above-average living space, and overall property condition compared to neighbours.
2. The home was built in 1991. Are there any major components likely due for replacement?
While individual conditions vary, a home of this age may be approaching the typical lifespan of its original roof, major appliances, and possibly the HVAC system. A thorough inspection is advised to assess the remaining service life of these key components.
3. The lot is large. Are there any restrictions on what can be built or added?
You should verify all zoning bylaws and any potential restrictive covenants with the city. A lot of this size could potentially allow for additions like a shed, deck, or pool, but all would require proper permits and adherence to setback rules.
4. How does the 2017 sale price relate to the current assessment?
The property sold for $750,000 in 2017 and is now assessed at $804,000. This increase reflects market appreciation over seven years and does not directly predict the current listing or sale price, which is set by the market.
5. The home ranks highly for size, but how is the layout and flow for modern living?
As a two-storey from the early 90s, the floor plan may feature defined, separate rooms rather than today’s popular open-concept designs. The finished basement adds valuable flexible space that can help adapt the home to contemporary needs for recreation, home office, or guest areas.