5 Cheltenham Cove

Property Overview & Appeal

This 1984-built, four-level split home in Elmhurst offers a practical and spacious layout on a large, mature lot. Its key characteristics include 1,578 sqft of living space, a fully finished basement, and an attached garage. The appeal lies in its well-established neighborhood setting and its above-average rankings for lot size, living space, and overall value within Winnipeg, suggesting a solid footprint for the price. It particularly suits first-time buyers or growing families looking for move-in-ready space without a premium for new construction, or downsizers seeking a manageable single-family home with room for guests or hobbies. A thoughtful perspective is that while the home is 42 years old, its newer ranking within the immediate street indicates it is among the more recent builds on the block, potentially meaning fewer major component replacements are imminent compared to older neighbors.

Frequently Asked Questions

1. What are the advantages of a four-level split layout?
This design typically creates distinct living zones across its levels, offering good separation between sleeping, living, and recreational areas, which can enhance privacy and reduce noise.

2. How should I interpret the property rankings?
The rankings show how this home compares to others in its immediate area. For example, ranking "in the top 24%" for living space in Winnipeg means it is larger than 76% of city homes, a significant advantage.

3. The home is 42 years old. What should I budget for maintenance?
While systems like the roof, windows, or furnace may have been updated, a prudent budget for ongoing maintenance and potential updates to original components (like plumbing or electrical) is advisable for a home of this age.

4. What does the large lot size (6,266 sqft) offer?
Beyond space for gardening and play, a lot of this size in an established area provides valuable future flexibility, such as the potential for additions or landscaping projects, and often contributes to a less crowded feel.

5. The assessment is $437,000. How does this relate to the listing price?
The assessed value is for municipal tax purposes and is not a direct indicator of market value. The listing price is set based on current market conditions, comparable recent sales, and the home's specific features.