Property Overview: 27 Marvan Cove, Normand Park, Winnipeg
Key Characteristics & Buyer Appeal
This property presents a compelling blend of space, modern construction, and a premium lot. The 2,064 sqft home, built in 2008, offers above-average living space citywide and sits on a notably large 10,412 sqft lot, ranking in the top 5% of Winnipeg for land area. Its assessed value of $893k places it firmly among the elite tier of properties city-wide (top 2%), indicating a premium valuation relative to the broader market.
The primary appeal lies in its generous outdoor space and established, yet still modern, build. While the home's size is fairly typical for its immediate street and neighbourhood, its value and lot size stand out significantly, suggesting a desirable location within Normand Park or specific property advantages. It suits buyers looking for a family home with ample yard space in a mature neighbourhood, who value both privacy and room to grow. The data suggests it’s a property that trades more on its land and positional value than on sheer interior square footage, appealing to those who see long-term value in a substantial, well-located parcel.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in August 2016 for between $800k-$850k. The current assessed value of $893k is higher, reflecting market changes and municipal assessment methods over the past eight years. A current market valuation would require a professional appraisal.
2. Is the lot size unusual for the area?
Yes. The lot is over 10,400 sqft, which is above average even for this neighbourhood and places it in the top 6% of Normand Park. This is one of the property's defining and most valuable characteristics.
3. What does the "Elite" ranking for value city-wide mean?
It means this home's assessed value is higher than approximately 98% of all residential properties in Winnipeg. This signifies it is a premium-priced asset in the broader market context.
4. The home is 18 years old. What should I consider?
Built in 2008, the home is newer than most in Winnipeg but is now at an age where key components like the roof, HVAC system, and major appliances may be nearing the end of their typical lifespans and could require inspection or updating.
5. How can I get the exact historical sale price?
The exact sale price is not published publicly. You can request the full transaction history by emailing the site directly for a manual lookup, as per the data notes provided.