169 Overwater Cove

Elmhurst, Winnipeg

Property score

89.2

Excellent

Overall 89.2 · Larger and newer than most nearby homes

2,588 sqft (top 1%) · Built in 1989 (9 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

70% larger than neighborhood avg.

Year Built

Above average

9 yrs newer than neighborhood avg.

Mother tongue

English · 87%French · 2%

Past 10 years Elmhurst sales snapshot (~80% of all data)

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

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Property score

89.2 is composed by the two sections below.

Property Score

90.5Excellent
Living Area98
2,588 sqftExcellent
Year Built78
1989Good
Lot Size95
9,239 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

87.2Excellent
Household Income91
Excellent
Education Level82
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health60
Fair

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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

Population (2021)463
Labour force participation rate62%
Median age45.2
Avg household size2.7
Unemployment rate10%
Population density1543 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households11%
Couple families with children41%
Median household income (2020)$127K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$448K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority5%
Bachelor's or higher (25–64)42%
Mother tongue (1st)English · 86%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

Elite
2,588 sqft
0255075100
Same streetTop 12%Same areaTop 1%CitywideTop 2%
Same street · Overwater Cove
#4 / 34
Top 12% · Avg 2,027 sqft
Same area · Elmhurst
#21 / 1,480
Top 1% · Avg 1,523 sqft
Citywide · Winnipeg
#4,571 / 194,458
Top 2% · Avg 1,342 sqft

Tax-Assessed Value

Elite
737k
0255075100
Same streetTop 9%Same areaTop 1%CitywideTop 3%
Same street · Overwater Cove
#3 / 34
Top 9% · Avg 583.8k
Same area · Elmhurst
#21 / 1,480
Top 1% · Avg 460.2k
Citywide · Winnipeg
#6,064 / 194,458
Top 3% · Avg 390.1k

Year Built

above average
1989
0255075100
Same streetTop 38%Same areaTop 10%CitywideTop 23%

Lot Size

above average
9,239 sqft
0255075100
Same streetTop 18%Same areaTop 15%CitywideTop 8%

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

169 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 133 m).

Search radius
🌳Parks2
Worship1

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

169 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.

Related homes

Highlights & common questions: 169 Overwater Cove, Winnipeg

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.