149 Overwater Cove

Property Overview

This 1987-built, four-level split home at 149 Overwater Cove offers a well-proportioned and private family living space on a large, 7,157 sqft lot in Elmhurst. Its key appeal lies in its balance of space, location, and value. With nearly 2,000 sqft of finished living area, a developed basement, and an attached garage, it provides practical, multi-level living. The property stands out for its lot size, ranking in the top 16% of Winnipeg for land area, which offers ample outdoor privacy and potential. The home also ranks highly for its above-average living space within the city (top 10%) and its relatively newer build date for the community (top 21%). It would suit buyers looking for a established, spacious home in a mature neighbourhood without the premium price of a new build, ideal for a family that values both indoor room to grow and a substantial, usable yard.

Key Details & Questions

• What is the layout of a four-level split? This style typically features short flights of stairs separating living, sleeping, and recreational areas, creating defined zones. It can be efficient but involves more stairs than a bungalow or two-storey.
• How does the assessed value relate to the asking price? The municipal assessment is $529,000, providing a benchmark. The listing price may differ based on market conditions, updates, and seller motivation.
• What does the lot size ranking mean? Ranking in the top 16% city-wide for lot size is a significant advantage, indicating more outdoor space and privacy than most Winnipeg homes—a feature that is increasingly rare.
• Is the basement fully finished? Yes, the listing confirms the basement is developed, adding to the home's functional living space.
• What is the neighbourhood like? Elmhurst is a mature, established community. The high ranking for the home's age within the neighbourhood (top 21%) suggests it is one of the newer homes in the area, potentially with newer core components.