Property score
82.0
Excellent
Overall 82.0 · Newer than most nearby homes
1,500 sqft (top 48%) · Built in 1988 (8 yrs newer than avg)
Located in a high-income area with median household income of ~125k
Transit 50.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Near average
2% smaller than neighborhood avg.
Year Built
Above average
8 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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82.0 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
138 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 196 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%
138 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: 138 Overwater Cove
Key Features & Ideal Buyer
This 1988-built, one-storey home in Elmhurst sits on a generous 6,690 sqft lot. Its key characteristics include 1,500 sqft of living space, a finished basement, and an attached garage. The appeal lies in its established, quiet cul-de-sac setting and a lot size that offers ample outdoor space—a relative rarity for a single-level home. Its value proposition is underscored by strong city-wide rankings; it places in the top 20% of Winnipeg for lot size and top 14% for assessed value, suggesting a well-regarded property in a desirable location.
This home would best suit downsizers, young families, or buyers seeking single-level living without sacrificing yard space. It’s ideal for those who prioritize move-in readiness (thanks to the finished basement) and long-term value over brand-new construction. A thoughtful perspective: while the home’s interior square footage is modest relative to the neighborhood, its exceptional lot size provides future potential for expansion or landscaping, offering a balance of present comfort and future possibility.
Frequently Asked Questions
1. How does the age of the home (built in 1988) affect its condition?
While 38 years old, the home is likely past major initial settling and has seen several maintenance cycles. A thorough inspection is key to assess the current state of major systems like the roof, windows, and HVAC, which may be due for updates or replacement.
2. The living area ranks lower in the neighborhood. Will the house feel small?
At 1,500 sqft, the living space is functional for a typical family, especially with the addition of a finished basement. The perceived space is often enhanced by the single-level layout, which eliminates stairs and can make the home feel more cohesive and accessible.
3. What do the high rankings for lot size and assessed value actually mean?
They indicate this property’s lot is larger than 80% of homes in Winnipeg, and the city assesses its total value higher than 86% of properties. This generally reflects a premium location and land value, which are strong factors for long-term equity, even if the house itself is not the largest.
4. Is the finished basement included in the 1,500 sqft living area?
Typically, municipal living area (sqft) calculations do not include below-grade spaces. The 1,500 sqft refers to the above-ground footprint. The finished basement provides additional, valuable living space that is separate from that official figure.
5. Who would this home not be suitable for?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those who prioritize a very large interior over outdoor space. It also might not fit someone wanting a brand-new, maintenance-free property, as some updates should be anticipated.
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