22 Chiswell Cove

Property Overview

22 Chiswell Cove is a spacious, two-storey family home in Elmhurst, built in 1987. Its primary appeal lies in its generous proportions and established, quiet setting. The nearly 2,900 sqft of living space is notably larger than most homes in Winnipeg, placing it in the top 1% for size. It sits on a large, 7,165 sqft lot and features a finished basement. While it doesn’t have a garage or pool, the value is anchored in its substantial interior space and land. The property’s assessed value of $704,000 reflects its standing in the top tier of homes locally.

This home would best suit a growing or multi-generational family seeking ample room without a brand-new build. It’s for buyers who prioritize space over modern fixtures and appreciate an established neighborhood with mature surroundings. The rankings suggest it offers a rare combination of a larger-than-average lot and interior square footage for the area, appealing to those looking for a long-term home with room to grow or customize.

Key Questions for Buyers

1. What is the neighborhood like?
Elmhurst is a mature, established community. The high rankings for lot and home size on this street suggest a quiet, well-spaced setting with larger properties, offering more privacy than newer subdivisions.

2. Why is there no garage, and is adding one feasible?
The absence of a garage is a trade-off for the large lot and home footprint. The substantial lot size is a major advantage, as it likely provides the space and flexibility to add a detached garage or workshop, subject to local bylaws.

3. The home is almost 40 years old. What should I budget for updates?
While the basement is finished, major systems like the roof, windows, furnace, and plumbing are at an age where inspection is crucial. Budgeting for proactive updates or maintenance should be part of the financial planning. The value here is in the "bones" and space, not necessarily turn-key modernity.

4. How does the assessed value relate to the likely selling price?
The assessment is for taxation, not market value. However, consistently ranking in the top 3-5% of Winnipeg homes for value and size indicates a strong market position. It suggests the price will be competitive with other premium, spacious homes, not the general market.

5. What’s the less obvious advantage of a home of this era and size?
Homes from this period often have room layouts that are more compartmentalized than modern open-concept designs. This can be a significant benefit for families seeking defined spaces for quiet home offices, separate living areas, or greater acoustic privacy between rooms.