Property score
89.4
Excellent
Overall 89.4 · Larger and newer than most nearby homes
2,598 sqft (top 1%) · 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
71% 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
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Property score
89.4 is composed by the two sections below.
Property Score
Community Score
Neighbourhood Sales
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.
Area census snapshot
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110356
Community deep dive
$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
Population, labour & age
Households & income
Housing
Diversity, education & language
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rankings
Tax-Assessed Value
EliteYear Built
above averageLot Size
EliteRank 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.
Transit & Walkability
Nearby stops, routes & transit score
Nearby Amenities
Dining, education, healthcare, shopping & more
161 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 83 m).
Crime & Safety
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%
Sales History
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 50% | Top 2% | Top 3% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 17% | Top 7% | Top 5% |
161 Overwater Cove · Sold transaction data notes
Data Source
Data Coverage
Data Precision
Is Current Data Suitable for You
How to Get More Accurate Data
Privacy & Commitment
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Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Highlights & common questions: 161 Overwater Cove, Winnipeg
Property Overview
This two-storey home in Elmhurst presents a compelling blend of space, established character, and a prime location. Built in 1987, its key appeal lies in its generous proportions, sitting on a large, approximately 11,868 sqft lot and offering 2,598 sqft of finished living space, including a developed basement. The home's standout feature is its exceptional relative size within the market, ranking in the top tier for living area and lot size against local, community, and city-wide comparisons. Its recent assessment and past sale prices also consistently rank in the top 3-5% of Winnipeg, indicating a property of recognized value.
Its appeal is multifaceted: it offers room to grow for a family, the stability of a mature neighborhood, and the privacy afforded by a substantial lot. It would suit buyers looking for a move-in ready, spacious family home who value established communities over brand-new construction. A thoughtful perspective is that while the home is nearly 40 years old, its competitive rankings suggest it has been well-maintained and remains a highly desirable asset in its class, offering more inherent space and land than the vast majority of properties available.
Frequently Asked Questions
1. What is the significance of the property's high rankings?
The rankings show how this home compares to others in its immediate area, neighborhood, and across Winnipeg. For example, ranking in the top 4% for lot size city-wide means you are getting significantly more land than 96% of Winnipeg properties, a rare and valuable commodity.
2. The home was built in 1987. What should I consider?
While the structure is mature, the consistent top-tier rankings for value and size suggest it has been a well-kept asset. A pre-purchase inspection is always advised to understand the condition of major systems (roof, HVAC, etc.) typical of a home of this age.
3. How does the 2022 sale price relate to the current assessed value?
The assessed value of $737,000 is moderately higher than the 2022 sale price of $720,000. This indicates the municipal assessment reflects the strong market position the home held at its last sale and its subsequent value growth.
4. Is the basement included in the listed living area?
Yes, the 2,598 sqft figure includes the finished basement. This means all levels of the home are developed and contribute to the total usable living space.
5. What does the lot size offer practically?
At nearly 12,000 sqft, the lot provides ample space for gardening, recreational activities, potential additions like a deck or shed, and a high degree of privacy from neighbors—a feature increasingly difficult to find in newer subdivisions.