169 Overwater Cove

Property Overview

This 1989 two-storey home on a large, 9,239 sqft lot in Elmhurst presents a compelling opportunity. Its key appeal lies in offering substantial space and established amenities in a mature, sought-after neighbourhood. With over 2,500 sqft of living space, a finished basement, an in-ground pool, and an attached garage, it is a complete family-ready package. The property's standout feature is its exceptional relative size, ranking within the top 2% of homes in Winnipeg and the top 1% within its own community.

The home is ideally suited for buyers seeking a turnkey property with room to grow and entertain, who value the established character and greenery of older neighbourhoods over new construction. It would particularly fit a family looking for a long-term home with private outdoor space for recreation. A thoughtful perspective is that while the home is 37 years old, its above-average rankings for lot size, living area, and assessed value within its immediate area suggest it has been a well-maintained and competitive property on its street, offering a sense of stability and proven desirability.

Frequently Asked Questions

1. What is the significance of the property rankings listed?
The rankings show how this home compares to others in its immediate street, wider community, and all of Winnipeg. For example, being in the top 1% of its community for living area means it is significantly larger than 99% of homes in Elmhurst, indicating a premium offering for the area.

2. Is the pool a major factor in the value?
While the pool is a valuable amenity for leisure and entertainment, the home's high rankings are primarily driven by its substantial lot size and above-average living space. The pool enhances the lifestyle appeal but is supported by the property's core strengths.

3. What should I consider about a home built in 1989?
Homes from this era often feature more generous room sizes and mature landscaping than newer builds. Prospective buyers should prioritize a thorough inspection of major systems (roof, HVAC, windows) that may be nearing or at a typical lifespan, balanced against the established neighbourhood charm.

4. How does the assessed value relate to the likely selling price?
The municipal assessment of $737,000 is for tax purposes and is a historical snapshot. In a competitive market, especially for a home that ranks so highly in its category, the final sale price is typically determined by current buyer demand and can be above, at, or below this figure.

5. Who would this property not suit as well?
It may not be the best fit for those seeking a ultra-modern, low-maintenance home or first-time buyers with a limited budget, given the likely upkeep of a larger property, pool, and mature yard. It's a home for those ready to manage and enjoy the space it provides.