Property score
83.7
Excellent
Overall 83.7 · Newer than most nearby homes
1,668 sqft (top 35%) · Built in 1989 (9 yrs newer than avg)
Located in a high-income area with median household income of ~125k
Transit 50.0 · 4-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Near average
9% 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)
438
477k
$391/sqft
1980
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83.7 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: #46110357
$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
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
122 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 257 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%
122 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 Overview & Key Characteristics
122 Overwater Cove is a well-established, single-storey home in Elmhurst, built in 1989. Its primary appeal lies in its generous, mature lot of over 7,300 square feet and its strong relative standing within the wider Winnipeg market. The home features a finished basement and an attached garage. While its interior living space is modest for the area, the property excels in its land size and overall value proposition, ranking in the top tiers for lot size and age compared to the entire city. It suits buyers looking for a solid, no-frills family home in a quiet neighbourhood, with room to grow outdoors, and who prioritize lot size and established communities over brand-new construction or the largest interior square footage. A thoughtful perspective is that this property represents a "blank canvas" opportunity—the large lot and good structural ranking offer potential for future expansion or landscaping projects that a smaller, newer lot might not permit.
Frequently Asked Questions
1. How does the property rank compared to others?
It ranks highly for its lot size (top 14% in Winnipeg) and age (top 26% in Winnipeg), meaning it's on a larger and relatively newer plot than most city homes. Interior space and assessed value rankings are above average city-wide but more moderate within its immediate street and community.
2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding rooms, ceiling height, and finish quality.
3. Is the large lot a maintenance concern?
The 7,332 sqft lot offers great space but requires more upkeep for lawn care and gardening than a standard lot. It's ideal for those who enjoy outdoor living or gardening, but prospective buyers should factor in the time or cost for maintenance.
4. Who would this home suit best?
It's an excellent fit for families or downsizers seeking a single-level layout in a mature neighbourhood, where the value is in the land and location rather than a recently renovated interior. It's also a potential match for buyers with long-term plans to renovate or expand, given the solid lot and footprint.
5. Why is the assessed value ranking on its street so low?
The home's assessed value is in the top 21% city-wide, but ranks lower (97th percentile) on its specific street. This suggests Overwater Cove may have a mix of larger, higher-value homes, making this property one of the more accessible entry points into the street.
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