Property score
87.8
Excellent
Overall 87.8 · Larger and newer than most nearby homes
2,212 sqft (top 8%) · Built in 1987 (7 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
45% larger than neighborhood avg.
Year Built
Above average
7 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
87.8 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
157 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 87 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 12% | Top 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 157 Overwater Cove, Elmhurst
This well-established two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, a mature setting, and solid value. Built in 1987, it sits on a generous 7,448 sqft lot and offers 2,212 sqft of living space, including a finished basement. The home features an attached garage and no pool. Its recent assessed value is $574,000, with a last recorded sale at $600,000 in December 2019.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average space and established neighbourhood feel. With a living area ranking in the top 7% of its community and the top 6% city-wide, it offers significant interior room for a growing family or those who value ample living areas. The large lot provides private outdoor space and potential for gardening or expansion. Its strength is not in being the newest on the block, but in offering proven, substantial square footage in a desirable area. The finished basement adds valuable flexible space for recreation, a home office, or guests.
This home would best suit practical buyers who prioritize space and land over a modern, turn-key renovation. It’s an ideal candidate for a family looking to put down roots in a mature neighbourhood, or for value-conscious purchasers comfortable with a home of this vintage that may benefit from personalized updates over time. The strong rankings in community and city-wide value metrics suggest it represents a sound investment in a competitive segment of the Winnipeg market.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, broader Elmhurst community, and all of Winnipeg. For example, ranking in the top 14% city-wide for lot size means 86% of Winnipeg homes have a smaller lot area.
2. The home was last sold in 2019 for $600k, but the current assessment is $574k. Why the difference?
Municipal assessments for tax purposes often lag behind market sale prices and are calculated using a specific methodology. The 2019 sale price is a historical market data point, while the assessment is an estimate of value for taxation as of a given date. The two figures serve different purposes.
3. Is a 1987-built home considered old?
In Winnipeg's context, a 39-year-old home is in the mature category. It places this home newer than 79% of properties in Elmhurst, indicating the neighbourhood itself has many older homes. Buyers should budget for maintenance and updates consistent with this age, such as roof, windows, or mechanical systems.
4. What are the pros and cons of a house with no pool?
The clear advantage is lower maintenance, insurance costs, and safety concerns, especially for families with young children. The trade-off is the lack of a ready-made recreational feature. The large lot, however, leaves the option open for future installation if desired.
5. How significant is the finished basement?
A finished basement effectively adds usable living space to the 2,212 sqft footprint, which is already substantial. This increases the home's functional utility for daily living without increasing its property tax assessment, which is based on the above-grade square footage and other factors.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
