Property Overview: 7 Sandy Cove, Southboine, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a spacious, well-established two-storey home in the Southboine neighbourhood, built in 1979. Its primary appeal lies in its generous proportions and mature setting. With over 2,300 square feet of living space on a large 8,071 sqft lot, it offers significant room for a growing family. The home features a finished basement and an attached garage. Recent market activity is clear, with a sale recorded in July 2024 at $550,000, closely aligning with its current municipal assessment.
The home’s standout feature is its space—it ranks within the top 4% of Winnipeg homes for living area. This makes it a compelling option for buyers seeking more square footage than typical newer builds offer at a similar point. The large lot provides privacy and potential for gardening or outdoor enjoyment. Its competitive rankings within the immediate street and neighbourhood suggest it is a solid, above-average property in its local context, rather than a luxury outlier. This property would best suit a buyer who values established communities, larger interior spaces, and a substantial yard over a brand-new construction. It’s a practical choice for a family looking for a long-term home with room to grow, without the premium price tag of a newer or fully renovated property in a more central area.
Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $550,000 in July 2024, which is very close to its current municipal assessment of $545,000. This suggests the market value and tax assessment are in strong agreement.
2. Is the lot size a significant feature?
Yes. At over 8,000 square feet, the lot is considerably larger than many found in newer subdivisions. This offers more privacy, space for recreation, and gardening potential—a key advantage for those wanting a substantial outdoor area.
3. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, ranking in the "top 11%" in Winnipeg for living area means 89% of city homes are smaller. It’s a useful, data-driven way to gauge the home’s relative size and value against its peers.
4. Given its age, what should I budget for maintenance or updates?
Built in 1979, major components like the roof, windows, and mechanical systems (furnace, water heater) may be at or beyond their typical service life. A thorough inspection is essential, and buyers should be prepared for potential updates to maintain efficiency and comfort.
5. How does this location in Southboine compare to other Winnipeg neighbourhoods?
The rankings indicate that within the broader Winnipeg context, this home offers more space and value than nearly 90% of properties. This suggests you get more "house" for your money here compared to many other areas, though it may come with a longer commute or different neighbourhood character than more central, densely built locales.