7 Swansea Cove

Property Summary: 7 Swansea Cove

Key Characteristics & Appeal

This is a well-established, two-storey family home in Elmhurst, built in 1984. Its primary appeal lies in offering a complete, move-in-ready package on a large, 6,266 sqft lot. Key features include a finished basement, an in-ground pool, and an attached garage. With 1,449 sqft of living space, it provides ample room without being overly vast.

The home’s strength is its balanced, above-average standing in several key metrics for Winnipeg. It ranks in the top third of the city for both lot size and assessed value, suggesting a solid investment in a desirable location. Notably, it is one of the newer homes on its street, which can be an advantage in a mature neighbourhood. It would suit buyers looking for a turnkey property with private outdoor amenities (the pool and sizable yard) who value a home with a proven history in a settled community. It’s a practical choice for a family not wanting to undertake major renovations but seeking space to grow and entertain.

Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the top 26% of Winnipeg for lot size confirms the yard is a true asset, while being newer than most homes on its street is a subtle advantage.

2. Is the pool a major selling point or a concern?
It’s both. For the right buyer, it’s a fantastic private recreational feature. However, prospective owners should factor in the ongoing maintenance, insurance implications, and seasonal opening/closing responsibilities that come with pool ownership.

3. The home is 42 years old. What should I be aware of?
While the home has been maintained, its age means key systems (like the roof, windows, or furnace) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any upcoming updates, which is typical for homes of this vintage.

4. How does the assessed value relate to the listing price?
The assessed value ($456,000) is for municipal tax purposes and is a data point. The listing price is set by the market. That this assessment ranks highly city-wide generally indicates the property is in a valued area, but the final sale price is determined by current buyer demand.

5. Who would this neighbourhood suit best?
Elmhurst is a mature, established neighbourhood. It typically suits those looking for stability, larger lots, and a sense of community over the buzz of new developments. It appeals to families and long-term residents who appreciate the character of older areas.