7 Great Elm Cove

Property Overview & Key Characteristics

7 Great Elm Cove is a spacious, well-established single-family home in Winnipeg's Ridgedale neighborhood. Built in 1994, this one-storey bungalow sits on a large, approximately 10,261 sqft lot, offering significant outdoor space that ranks highly across the city. The home features 1,696 sqft of living space, a finished basement, and an attached garage.

Its primary appeal lies in its generous land size and solid, move-in-ready foundation. The property's data shows exceptional city-wide rankings, placing in the top 6% for lot size and top 5% for assessed value, suggesting a premium offering within its category. The recent 2023 sale also indicates a stable and strong market perception. This home is ideally suited for buyers seeking a classic bungalow layout with a large yard, possibly families, downsizers looking for single-level living, or those who value established, quiet neighborhoods over brand-new construction. A thoughtful perspective is that while the home's interior size is moderate for the neighborhood, the vast lot presents a major asset for privacy, gardening, or future expansion, making it a property where the land itself is a key driver of value.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg homes?
The lot is exceptionally large, ranking in the top 6% of all properties in Winnipeg. At over 10,000 sqft, it provides much more outdoor space than the average home in the city.

2. What does the recent 2023 sale price indicate?
The home sold for $661,000 in August 2023, which is close to its current assessed value. This suggests the market has recently validated the property's worth, providing a clear and current benchmark for its value.

3. Is the basement included in the listed living area?
No. The 1,696 sqft living area refers to the above-ground footprint of the bungalow. The finished basement provides additional, flexible space beyond that stated square footage.

4. Who might this property not suit?
It may not suit buyers seeking a modern, multi-story layout or a brand-new home, as it is a 32-year-old bungalow. The interior space, while comfortable, ranks as more average within its immediate community compared to its standout lot size.

5. What are the key advantages of a one-storey home like this?
The single-level layout offers excellent accessibility and ease of movement, which is ideal for aging in place, young families avoiding stairs, or anyone preferring all living spaces on one floor. It often also means a simpler roof structure and exterior maintenance.