Property score
88.5
Excellent
Overall 88.5 · Larger and newer than most nearby homes
1,984 sqft (top 16%) · Built in 2004 (24 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: 2 parks, and 1 place of worship nearby
Living Area
Above average
30% larger than neighborhood avg.
Year Built
Above average
24 yrs newer than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years Elmhurst sales snapshot (~80% of all data)
438
477k
$391/sqft
1980
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88.5 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110357
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
88 Overwater Cove — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 273 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 2% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 88 Overwater Cove, Elmhurst, Winnipeg
Key Characteristics & Appeal
This two-storey home at 88 Overwater Cove is a well-proportioned property in a desirable neighbourhood. Built in 2004, it offers modern construction within an established area. The home features 1,984 sqft of living space, an attached garage, and a renovated basement, sitting on a generous 8,179 sqft lot.
Its primary appeal lies in its strong positional value within Elmhurst. The data indicates this is a premium property for the area, ranking in the top 4% for assessed value among local comparables. While its living space is near the average for its immediate street, it stands out as significantly larger than both the neighbourhood and city-wide averages. This suggests a solid, above-average home in a coveted location. The lot size further enhances its value, offering ample outdoor space that is well above the Winnipeg norm.
This property would ideally suit buyers looking for a move-in ready, modern family home in a prime neighbourhood without needing a full custom build. It’s a strong fit for professionals or growing families seeking space, stability, and the prestige of Elmhurst. The renovated basement adds functional living area, appealing to those who value flexible space for entertainment, a home office, or guests.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value places it in the elite top 4% for the Elmhurst neighbourhood, indicating it is considered a higher-value property in a sought-after area. It recently sold for $730,000.
2. Is the living space typical for this street?
At just under 2,000 sqft, the living area is very close to the average for Overwater Cove itself. Its size becomes more notable when compared to the broader neighbourhood and city, where it ranks well above average.
3. What does the lot size offer?
The 8,179 sqft lot is substantially larger than the typical Winnipeg lot. This provides significant outdoor space for gardening, recreation, or potential future additions like a deck or patio, which is a key asset.
4. How does the year of construction affect the home?
Built in 2004, the home is newer than most in Elmhurst (ranking in the top 3% for age locally). This typically suggests more modern building standards, layouts, and systems, potentially reducing immediate major repair needs compared to older homes.
5. What might the rankings mean for future resale?
The home’s strong rankings—particularly for value and lot size within a premium neighbourhood—suggest it holds fundamental attributes that are consistently in demand. This can provide a degree of long-term value stability relative to the market.
