Property score
85.1
Excellent
Overall 85.1 · Larger and newer than most nearby homes
1,922 sqft (top 19%) · Built in 1988 (8 yrs newer than avg)
Located in a high-income area with median household income of ~127k
Transit 50.0 · 4-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Above average
26% larger than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 87%French · 2%
Past 10 years Elmhurst sales snapshot (~80% of all data)
438
477k
$391/sqft
1980
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85.1 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110356
$127K
Median household income
$164K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.4
P90 / P10 ratio
11%
Single-person households
41%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
121 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 227 m).
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%
121 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 121 Overwater Cove
Key Characteristics & Appeal
This is a well-established, two-storey family home in Elmhurst, built in 1988. Its primary appeal lies in its generous proportions and mature setting. With nearly 2,000 square feet of living space on a large, roughly 6,000 sqft lot, it offers substantial room for family life. The home includes a finished basement and an attached garage.
The property’s value is underscored by its strong relative rankings across Winnipeg, particularly in living space and assessed value, where it places within the top 15-20% of the Elmhurst community. This suggests a home that is larger and has a higher municipal valuation than most in its immediate area. Its age places it in a sweet spot for buyers who appreciate established neighbourhoods with mature landscaping but may be wary of much older, century-home maintenance.
It would suit a buyer looking for a move-in ready, spacious home without the premium of a new build. It’s ideal for a family seeking established community roots, a sizable yard, and the practical benefits of a finished basement and attached garage. A thoughtful perspective is that this home represents a balance: it offers more interior space than many local comparables, yet its lot size, while generous, is not the largest on the street, potentially offering a manageable outdoor space without excessive upkeep.
Frequently Asked Questions
1. What do the community ranking percentages mean?
They show how this property compares to others in Elmhurst. For example, ranking in the top 17% for living area means 83% of homes in the community are smaller, highlighting this home’s above-average size for the neighbourhood.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the municipality if considering a rental income opportunity.
3. How does the 1988 build year affect the home?
Homes from this era often have modern foundations and wiring but may be due for updates to original components like windows, roofing, or major mechanical systems (furnace, water heater). A thorough inspection is advised.
4. The lot is large, but how is its shape and usability?
At nearly 6,000 sqft, the lot is a significant asset. Its specific shape, orientation, and any easements aren’t detailed here; viewing the property or a survey would determine its best use for gardening, play, or expansion.
5. Why is the assessed value ranking higher than the street ranking?
The home’s municipal assessment places it in the top 15% of Elmhurst, but only the top 68% on its specific street. This indicates Overwater Cove may have a mix of very high-value homes, making this property a relatively strong value within a desirable enclave.
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