24 Olinyk Cove

Property Overview & Key Characteristics

This spacious two-storey home in Elmhurst offers a blend of established comfort and above-average amenities for its area. Built in 1991, it sits on a large, private lot over 8,000 sq ft. The key appeal lies in its generous 2,422 sq ft of living space, which ranks in the top 3% for size within the community, combined with the desirable features of a finished basement, an in-ground pool, and an attached garage. Its value proposition is underscored by its assessment ranking, which places it in the top 5% of Winnipeg for its valuation bracket.

The home’s broad appeal is rooted in its space and established setting. It would suit a family looking for ample indoor and outdoor living areas for growing or hosting, with the pool being a major recreational asset. It also fits buyers who prioritize a home with room to grow but in a mature neighbourhood, offering more lot size and interior square footage than many newer builds in the area. A thoughtful perspective is that while the home is 35 years old, its rankings indicate it has been maintained as a larger, more valuable property relative to its peers, suggesting it has been a well-kept asset in a stable area.

Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, the wider Elmhurst community, and all of Winnipeg. They are based on key metrics like lot size, living area, age, and assessed value. For example, ranking in the top 3% for living area in Elmhurst confirms this is a notably spacious home for the neighbourhood.

2. Is the pool a major factor in the maintenance and cost?
Yes. While a significant luxury and entertainment feature, an in-ground pool requires seasonal opening/closing, ongoing chemical maintenance, and has associated utility costs. It is a considerable asset for the right buyer but represents an ongoing commitment.

3. What does the age of the home (1991) imply for a buyer?
Homes from this era often have modern floorplans and foundational systems but may be due for scheduled updates to original components. A pre-purchase inspection would be crucial to assess the condition of the roof, windows, HVAC, and major appliances, which are at a stage where they may need attention or replacement.

4. How does the finished basement factor into the living space?
The finished basement adds valuable flexible space to the 2,422 sq ft main living area. It’s ideal for a recreation room, home office, or guest space. It’s important to confirm the quality of the finish, ceiling height, and ensure it meets local code requirements for egress and moisture control.

5. Who is the typical buyer for a property like this?
This home is best suited for a family or household seeking established community roots with room to spread out. The combination of large lot, pool, and significant interior space targets buyers looking for a long-term home with recreational amenities already in place, who are also prepared for the upkeep that comes with a property of this size and age.