19 Great Elm Cove

Property Summary: 19 Great Elm Cove

Key Characteristics & Appeal

This 1998-built two-storey home in Ridgedale offers a blend of comfortable family living and strong market fundamentals. Its primary appeal lies in its generous scale and established, low-maintenance setting. With 2,450 sqft of living space and a fully finished basement on a large 8,049 sqft lot, it provides ample room for a growing household. The home’s standout characteristic is its above-average size, ranking in the top 3% of Winnipeg for living area, which is a significant asset for buyers seeking space without the upkeep of a brand-new build.

The property suits buyers looking for a move-in ready family home in a mature neighbourhood. It’s particularly well-matched for those who value space—both indoors and out—over brand-new construction, and for long-term owners who appreciate a home that has already seen its major depreciation. The strong value assessment, ranking in the top 2% of the city, suggests a property that is well-regarded by the market and may appeal to the value-conscious buyer. A less obvious perspective is that while the home is newer than most on its street, its 28-year age means major components may be nearing their replacement cycle, which is a consideration for some but also represents a known quantity for a handy buyer.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
At over 8,000 sqft, the lot is very spacious for the neighbourhood, ranking as the largest on its street. This offers excellent outdoor space for play, gardening, or future additions like a deck or patio.

2. What does the "fully finished basement" include?
The listing confirms a finished basement, which adds valuable flexible living space. Prospective buyers should verify the finish quality, ceiling height, and whether it includes a separate entrance or bathroom to understand its full potential.

3. The home is 28 years old. What should I be aware of?
While newer than most on its street, a home of this age may be due for updates or replacements of original components. A thorough inspection would be wise to assess the roof, windows, HVAC system, and major appliances to help with budgeting.

4. How does the assessed value relate to the likely selling price?
The municipal assessment of $782,000 is a strong benchmark, placing the home in the top 2% of Winnipeg. It reflects the city's valuation for tax purposes, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

5. Is the neighbourhood family-friendly?
Located in the established Ridgedale area, the property benefits from mature landscaping and settled streets. The specific family amenities, school catchments, and traffic patterns would be important points for a viewing or further research with a local agent.