26 Yarmouth Cove

Property Overview

This 1986 two-storey home in Elmhurst presents a compelling opportunity for buyers seeking space, privacy, and established character. Its primary appeal lies in its generous 13,242 sqft lot—a rare find that places it in the top tier of properties locally for land size. The home itself offers substantial living space at over 2,500 sqft, complemented by a finished basement and an in-ground pool. Its competitive rankings show it outperforms the vast majority of homes in the neighbourhood and city for both lot size and living area.

The property is well-suited for a growing family or an entertainer who values room to expand, garden, or enjoy private outdoor amenities. It also appeals to those looking for a home with solid foundational value in a mature area, where the land itself represents a significant asset. A less obvious perspective is that a home of this vintage on such a large lot offers flexibility; it’s a property that can be enjoyed as-is or seen as a long-term canvas for updates and personalization as needs evolve.

Frequently Asked Questions

1. What is the significance of the property rankings?
The rankings compare this home against others on its street, in Elmhurst, and across all of Winnipeg. For example, its lot size is larger than 97% of homes in the city, and its living space is greater than 98%, providing a clear, data-driven picture of its relative size and rarity.

2. Is the pool a major factor in the assessment value?
While the pool adds to the lifestyle appeal and market value, the assessed value of $740,000 is primarily driven by the substantial lot size and the square footage of the home itself, both of which rank in the top percentiles for the area.

3. What should I consider with a 40-year-old home?
While the structure offers proven durability and mature landscaping, a prospective buyer should budget for updates to aging components common for this era, such as the roof, windows, or mechanical systems, to modernize efficiency and comfort.

4. How does the lot size impact future possibilities?
The exceptionally large lot not only provides immediate privacy and space but also offers potential for future additions like a garage expansion, a larger deck, or even a secondary dwelling unit, subject to local zoning bylaws.

5. Does the finished basement add legal living space?
The listing notes a finished basement, which adds valuable functional space. It's important to clarify with a real estate professional whether this space is considered in the official 2,568 sqft living area figure or if it is additional, and to verify the quality and permits of the finish work.