Property Overview: 48 Limetree Cove, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in Niakwa Place presents a compelling blend of space, modernity, and established neighbourhood value. Built in 2003, it is a notably newer home compared to most in the wider area, potentially offering updated building standards and systems. With nearly 2,000 sqft of living space, it provides ample room for a family, ranking above average for size both within the broader city and the Niakwa Place area itself.
The property’s appeal lies in its strong positional value. While it sits around the middle of the pack for size and value on its own street of larger homes, its assessed value of $611k places it well above average for both the neighbourhood and the entire city. This suggests a premium location within a desirable area. The lot size of over 7,300 sqft is generous by city-wide standards, offering good outdoor space.
This home would suit buyers looking for a move-in ready, modern property in a mature, sought-after neighbourhood without the upkeep challenges of an older home. It’s ideal for a family seeking space and stability, or for a professional wanting a solid investment in a community with proven value retention. A thoughtful perspective is that this property offers the benefits of an established, tree-lined area while being young enough to potentially avoid the major renovation cycles that older homes often require.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around the middle range on its own street, where homes are generally larger and more valuable. However, it ranks in the top 14% for value within the entire Niakwa Place area, indicating it holds a strong position in a desirable neighbourhood.
2. Is the living space sufficient for a growing family?
With 1,991 sqft, the home is above the city-wide and neighbourhood averages for living area. It provides substantial space, though it is slightly below the average for the specific homes on Limetree Cove.
3. What are the implications of the 2003 build year?
Built 23 years ago, this is a relatively modern home. It ranks in the top 2% for year built within Niakwa Place, meaning it is one of the newest homes in the area, which can translate to more contemporary layouts and potentially lower immediate maintenance costs.
4. How reliable is the sold price data from 2016?
The listed sale from 2016 provides historical context, but market conditions have changed significantly. For fully verified and exact historical transaction data, you must request a manual lookup from the site via email, as they do not display MLS records.
5. What does the lot size offer?
At 7,334 sqft, the lot is larger than most in Winnipeg (top 14% city-wide) and above the Niakwa Place average. This allows for a sizeable yard, providing privacy, recreation space, and landscaping potential.