4 Olinyk Cove

Elmhurst, Winnipeg

Property score

82.0

Excellent

Overall 82.0 · Newer than most nearby homes

1,568 sqft (top 45%) · Built in 1991 (11 yrs newer than avg)

Located in a high-income area with median household income of ~125k

Transit 50.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 school, and 2 parks nearby

Living Area

Near average

3% larger than neighborhood avg.

Year Built

Above average

11 yrs newer than neighborhood avg.

Mother tongue

English · 88%French · 1%

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

Sold Count

438

Median price

477k

$/sqft

$391/sqft

Avg build year

1980

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

82.0 is composed by the two sections below.

Property Score

77.6Good
Living Area79
1,568 sqftGood
Year Built81
1991Excellent
Lot Size81
6,177 sqftExcellent
Neighbourhood Sales Activity37
Low

Community Score

88.7Excellent
Household Income91
Excellent
Education Level82
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

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: #46110357

Community deep dive

$125K

Median household income

$158K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.4

P90 / P10 ratio

15%

Single-person households

37%

Families with children

Population, labour & age

Population (2021)421
Labour force participation rate67%
Median age49.6
Avg household size2.6
Unemployment rate7%
Population density2631 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households15%
Couple families with children37%
Median household income (2020)$125K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority7%
Bachelor's or higher (25–64)43%
Mother tongue (1st)English · 88%
Mother tongue (2nd)French · 1%

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

Rankings

Living Area

above average
1,568 sqft
0255075100
Same streetBottom 1%Same areaTop 45%CitywideTop 27%
Same street · Olinyk Cove
#10 / 10
Bottom 1% · Avg 2,272 sqft
Same area · Elmhurst
#667 / 1,480
Top 45% · Avg 1,523 sqft
Citywide · Winnipeg
#52,306 / 194,458
Top 27% · Avg 1,342 sqft

Tax-Assessed Value

above average
472k
0255075100
Same streetBottom 1%Same areaTop 40%CitywideTop 25%
Same street · Olinyk Cove
#10 / 10
Bottom 1% · Avg 599.5k
Same area · Elmhurst
#599 / 1,480
Top 40% · Avg 460.2k
Citywide · Winnipeg
#47,683 / 194,458
Top 25% · Avg 390.1k

Year Built

above average
1991
0255075100
Same streetTop 30%Same areaTop 7%CitywideTop 22%

Lot Size

above average
6,177 sqft
0255075100
Same streetBottom 40%Same areaBottom 35%CitywideTop 27%

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

4 Olinyk Cove — 3 amenities found within 500 m, across 2 categories, including 1 education (nearest 367 m), 2 parks (nearest 451 m).

Search radius
🏫Education1
🌳Parks2

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

Sold 12/2024CA$600k–650k
Sold price

Same street

Top 50%

Same area

Top 11%

City-wide

Top 7%
Sold 11/2020CA$400k–450k
Sold price

Same street

Bottom 1%

Same area

Top 42%

City-wide

Top 28%

Related homes

Highlights & common questions: 4 Olinyk Cove, Winnipeg

Property Overview

This 1991-built, one-storey home in Elmhurst offers a practical and comfortable living space on a generous 6,177 sqft lot. Its key appeal lies in a combination of space, recent value performance, and move-in-ready convenience. The home features 1,568 sqft of living area, a finished basement, and an attached garage. Recent data shows a strong and rapid appreciation, with the 2024 sale price significantly exceeding both its 2020 purchase price and the current assessed value. This suggests a property that has been well-maintained or updated in a desirable location.

It is particularly suited to buyers seeking a manageable single-level layout, possibly downsizers or young families who value the large yard. The strong city-wide rankings for lot size, age, and recent sale price indicate a competitive home within the broader Winnipeg market, appealing to value-conscious buyers looking for established neighbourhoods.

Key Questions & Considerations

1. Why is the recent sale price so much higher than the assessed value?
This is common in active markets and typically reflects what a buyer was willing to pay based on recent upgrades, market conditions, or the property's specific appeal, which may not yet be captured in the formal assessment.

2. How does the property rank within its immediate area?
While it ranks highly across Winnipeg, its rankings are more modest within its own street and community for size and value. This suggests a solid, average-sized home for Elmhurst, but one that stands out more when compared to the entire city's housing stock.

3. What does the "finished basement" entail?
The listing confirms the basement is finished, but specifics on layout, ceiling height, permits, or moisture control are not provided. This would be a key area for inspection and clarification.

4. Is the 35-year-old home likely to need major updates?
Homes of this age may be approaching the lifespan of original major components like the roof, windows, or HVAC system. A pre-purchase inspection is highly recommended to gauge their condition.

5. What might explain the impressive city-wide rankings?
The home ranks well in Winnipeg for its lot size, newer age (compared to the city's older housing stock), and recent sale price. This indicates it offers attributes that are increasingly sought-after city-wide: a large yard in a mature neighbourhood, a relatively modern build, and a proven resale trajectory.