15 Great Elm Cove

Property Overview: 15 Great Elm Cove, Ridgedale, Winnipeg

Section 1: Key Characteristics & Appeal

This is a spacious, well-established two-storey family home in Winnipeg's Ridgedale neighbourhood, built in 1994. Its primary appeal lies in its generous proportions and mature setting. With nearly 2,800 sqft of living space and a large, 9,847 sqft lot, it offers significant room to grow and relax. The home features a finished basement and an attached garage.

The data suggests a property that stands out in several key areas. It ranks within the top 6% of all Winnipeg homes for lot size and the top 1% for living area, indicating a rare level of spaciousness for the city. Its assessed value also places it in the top 2% citywide. This combination of size and established value makes it a substantial and above-average offering.

This home would best suit buyers looking for a settled, spacious property in a mature neighbourhood, who prioritize interior room and a large yard over a brand-new build. It’s ideal for a growing or multi-generational family needing ample space, or for those who appreciate a home with a established footprint and the privacy a large lot can afford. The 2023 sale suggests a recent transaction, which may appeal to buyers interested in a property with modern market history.

Section 2: Frequently Asked Questions

1. How does the home’s age (32 years) factor into its condition and value?
While built in 1994, the home's very high rankings for living area and lot size compared to Winnipeg as a whole are significant value drivers. Buyers should anticipate maintenance consistent with a home of this age, but the core assets—space and land—are permanent and highly desirable.

2. The lot is in the top 6% for size in Winnipeg. What are the implications?
This is a major feature. It offers exceptional outdoor space for gardens, play, or entertaining, and provides a level of privacy uncommon in many parts of the city. It also represents long-term value, as land of this scale is increasingly rare in urban settings.

3. The assessed value is higher than the 2023 sale price. What does this indicate?
The current assessment ($781,000) being higher than the last recorded sale price ($740,000 in June 2023) is not uncommon and can reflect municipal valuation methods or market adjustments. It establishes a formal benchmark for municipal taxes, but the current market value will be determined by present-day supply, demand, and the home's condition.

4. What is the neighbourhood (Ridgedale) like?
The rankings show the home is above average in size and value within its own community, but the neighbourhood itself appears to have a wide variety of home sizes and ages. This suggests a well-established, diverse area rather than a uniform subdivision. Prospective buyers should explore the area personally to see if its character aligns with their lifestyle.

5. Are there any obvious concerns based on the provided data?
The data itself doesn't show red flags, but the rankings indicate the home is on the larger and more valuable end of the spectrum for its immediate street and community. This is positive for space, but buyers should consider if the property's scale aligns with their needs and if its value is consistent with their expectations for the specific location.