114 Overwater Cove

Elmhurst, Winnipeg

Property score

88.2

Excellent

Overall 88.2 · Larger and newer than most nearby homes

2,192 sqft (top 8%) · Built in 1989 (9 yrs newer than avg)

Located in a high-income area with median household income of ~125k

Transit 50.0 · 5-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby

Living Area

Above average

44% larger than neighborhood avg.

Year Built

Above average

9 yrs newer than neighborhood avg.

Mother tongue

English · 88%French · 1%

Past 10 years Elmhurst sales snapshot (~80% of all data)

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

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Property score

88.2 is composed by the two sections below.

Property Score

87.8Excellent
Living Area94
2,192 sqftExcellent
Year Built78
1989Good
Lot Size93
8,568 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

88.7Excellent
Household Income91
Excellent
Education Level82
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

Elmhurst

How to read: Share of sales in each ~$50k price band for “elmhurst” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110357

Community deep dive

$125K

Median household income

$158K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

15%

Single-person households

37%

Families with children

Population, labour & age

Population (2021)421
Labour force participation rate67%
Median age49.6
Avg household size2.6
Unemployment rate7%
Population density2631 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households15%
Couple families with children37%
Median household income (2020)$125K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority7%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
2,192 sqft
0255075100
Same streetTop 32%Same areaTop 8%CitywideTop 7%
Same street · Overwater Cove
#11 / 34
Top 32% · Avg 2,027 sqft
Same area · Elmhurst
#125 / 1,480
Top 8% · Avg 1,523 sqft
Citywide · Winnipeg
#13,066 / 194,458
Top 7% · Avg 1,342 sqft

Tax-Assessed Value

above average
586k
0255075100
Same streetTop 44%Same areaTop 9%CitywideTop 9%
Same street · Overwater Cove
#15 / 34
Top 44% · Avg 583.8k
Same area · Elmhurst
#130 / 1,480
Top 9% · Avg 460.2k
Citywide · Winnipeg
#17,485 / 194,458
Top 9% · Avg 390.1k

Year Built

above average
1989
0255075100
Same streetTop 38%Same areaTop 10%CitywideTop 23%

Lot Size

above average
8,568 sqft
0255075100
Same streetTop 21%Same areaTop 21%CitywideTop 9%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

114 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 284 m).

Search radius
🌳Parks2
Worship1

Crime & Safety

Elmhurst · WPS public data · 2026

Annual incidents

5

2026

vs. city avg

-83%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

80%

Sales History

114 Overwater Cove: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 114 Overwater Cove, Winnipeg

Property Overview

This 1989 two-storey home in Elmhurst offers a well-established and spacious family living environment. Its key appeal lies in its generous proportions, both in the 2,192 sqft finished living space and the large 8,568 sqft lot, providing ample room indoors and out. The property ranks highly within Winnipeg for its above-average living area and lot size, placing it in the top tiers of the local market. With a finished basement and an attached garage, it presents a practical, move-in-ready layout. The home’s established nature in a mature neighbourhood suggests a settled streetscape and likely developed landscaping.

It would suit buyers looking for space and value in a mature area, particularly growing families who prioritize room over a brand-new build. It also appeals to those seeking a property with strong fundamentals—large lot, above-average square footage—that has potential for future updates to personalize. A thoughtful perspective is that while the 1989 build date means systems and components may be due for proactive maintenance or updates, this also often translates to more character and established gardens compared to newer subdivisions.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg for metrics like size and age. For example, being in the top 9% of Winnipeg for lot size means it has a larger yard than 91% of properties in the city, a significant advantage for privacy or outdoor space.

2. Is the assessment value the same as the list price?
No. The assessment value ($586,000) is used for municipal tax purposes. The list or sale price is determined by the current market and can be higher or lower than this figure.

3. What are the considerations with a 37-year-old home?
While offering established charm and mature lot, a home of this age will have components, such as the roof, windows, HVAC, and plumbing, that are at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any necessary updates or maintenance.

4. What are the benefits of a lot this size in this area?
A nearly 8,600 sqft lot in a mature neighbourhood like Elmhurst is a considerable asset. It offers extensive backyard space for recreation and gardening, greater privacy from neighbours, and future potential for additions like a deck, shed, or even a secondary structure, subject to local bylaws.

5. Does a "finished basement" mean it's a legal suite?
Not necessarily. "Finished" means it is developed into livable space, but it may not have a separate entrance, kitchen, or meet the specific fire and safety codes required for a legal secondary suite. Verification with local authorities would be needed if that is a requirement.