23 Swansea Cove

Property Overview: 23 Swansea Cove

Key Characteristics & Appeal

This is a well-established, spacious family home in Winnipeg's Elmhurst neighborhood. Built in 1984, it is a 4-level split design offering 1,497 sqft of living space on a large, nearly 10,000 sqft lot. The home includes a finished basement and an attached garage. Its standout feature is its exceptional relative value within the broader market: it ranks in the top 7% of all Winnipeg homes for lot size and the top 22% for assessed value, indicating a property that offers more space and perceived value than most. In its immediate community, it surpasses 88% of homes for lot size.

The appeal lies in its generous outdoor space and solid, above-average positioning in a mature community. It suits buyers looking for a established neighborhood with room to breathe, who value a large yard over a brand-new build. It’s particularly well-suited for a family or someone who enjoys gardening and outdoor living, or a buyer with an eye for value who sees potential in a home from the 80s that already has a finished basement. A thoughtful perspective is that while the interior living space is moderately sized, the vast lot provides a rare opportunity for expansion, gardening, or recreational space that is increasingly hard to find in urban settings.

Frequently Asked Questions

1. What are the advantages of a 4-level split design?
This style typically offers good separation of living spaces, often with distinct zones for living, sleeping, and recreation across its multiple half-levels, which can provide privacy for families.

2. How significant is the lot size ranking?
Being in the top 7% city-wide for lot size is a major advantage. It means more privacy, space for play or gardens, and future potential than the vast majority of Winnipeg properties, which often translates to stronger long-term value.

3. The home was built in 1984. What should I consider?
While major systems may have been updated, a home of this age will likely need proactive maintenance or updates to components like windows, roofing, or the furnace. A thorough inspection is essential to understand its current condition.

4. The community ranking for "newness" is lower. What does that indicate?
This reflects that Elmhurst is a mature, established neighborhood. This isn't a drawback but a characteristic: it means stable, tree-lined streets and a settled community, rather than brand-new construction.

5. Does the finished basement add to the official living area?
No, the 1,497 sqft living area typically refers to above-grade space. The finished basement provides additional usable square footage for recreation, guests, or storage, but is not included in that official figure.