62 Manring Cove

Property Summary: 62 Manring Cove, Southdale, Winnipeg

Key Characteristics & Appeal

This well-situated Southdale home, built in 1982, presents a compelling opportunity on a large, 8,159 sqft lot. Its key features include a renovated basement and an attached garage. The property’s primary appeal lies in its established neighbourhood setting combined with above-average space. The lot size ranks in the top 15% on its street and the top 21% in Southdale, offering significant outdoor potential. With 1,496 sqft of living space, it provides ample room for a growing family or those who value spaciousness.

The home suits buyers looking for a solid, move-in-ready foundation in a mature area. It’s particularly well-matched for those who prioritize land size over a newer build date, as the generous yard is a standout feature. The renovated basement adds immediate functional living space. From an investment perspective, the assessed value has shown a stable increase since its last sale in 2017, suggesting the property has been maintained in line with area trends. A thoughtful point for buyers is the balance between the lot’s high ranking and the home’s older age; it represents a chance to own a sizable piece of land in a convenient location, with the home itself offering a canvas for future updates.

Frequently Asked Questions

1. How does the property’s value compare to nearby homes?
The home’s current assessed value is competitive, ranking higher than most in the wider Winnipeg area and neighbourhood. The provided comparable listings with similar assessed values in other areas, like Elmhurst, can serve as a useful benchmark for what your budget affords elsewhere.

2. Is the lot size unusual for the area?
Yes. The lot is a significant feature, ranking in the top 15% on Manring Cove itself. This means it offers more outdoor space than most direct neighbours, which is a valuable and less common find in established suburbs.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality of the renovation and how the space can be used.

4. The home was last sold in 2017. What does that indicate?
A seven-year ownership period suggests the sellers have likely lived in and maintained the property as a home, not a short-term investment. It also indicates a stable period without frequent turnover, which can be positive for neighbourhood continuity.

5. How does the year built (1982) affect things?
Homes from this era often have well-established landscapes and neighbourhood character. Buyers should be prepared for potential updates consistent with a 40+ year-old home, such as windows, roof, or major systems, which should be verified during an inspection. The trade-off is the larger, mature lot that is harder to find in newer subdivisions.