Property Overview: 7 Kara Cove, Winnipeg

Key Characteristics & Appeal

This home at 7 Kara Cove in Normand Park is a study in contrasts, offering a specific value proposition. Built in 1987, it is one of the older homes on its street, which may appeal to those preferring established builds over newer construction. With 1,817 sqft of living space, it is moderately sized—more compact than most in its immediate area and neighbourhood, but notably larger than the typical Winnipeg home. This positions it well for smaller families, couples, or empty-nesters who desire ample room without the upkeep of a very large house.

The lot, at 5,339 sqft, is the smallest on Kara Cove but is close to the city-wide average, suggesting a manageable yard. The most compelling data point is the assessed value of $482k. While it is the lowest on its street and below average for Normand Park, it sits significantly above the Winnipeg average. This indicates you are purchasing in a desirable area, but potentially getting a relative value within that premium locale.

The home’s appeal lies in this balance: entry into a well-regarded neighbourhood at a assessed value that is competitive within that context, paired with a efficient, human-scale floor plan. It would suit value-conscious buyers prioritizing location over sheer size, and those who prefer a manageable property without sacrificing interior space.

Frequently Asked Questions

1. How does this home’s value compare to nearby sales?
The home last sold between $400k-$450k in mid-2017. Its current assessed value of $482k is above the city average but below the norms for both its street and the wider Normand Park area, suggesting it may be priced accessibly for this specific neighbourhood.

2. Is the living space sufficient for a family?
At 1,817 sqft, the home is larger than the Winnipeg average, providing good space for a family. However, it is smaller than many comparable homes in Normand Park, so it’s best suited for those who prioritize efficient design over sprawling square footage.

3. What does the lot size mean for maintenance and privacy?
The 5,339 sqft lot is the smallest on the street, which typically translates to less yard maintenance. Buyers should consider if the positioning of the home on this lot provides the desired level of privacy and outdoor space.

4. As a 1987 build, what should I be aware of?
Being nearly 40 years old, a thorough inspection is essential. This age home may have original components, like the roof or major systems, nearing the end of their lifespan, but it also avoids the potential issues of much older construction.

5. How can I verify the exact historical sold prices?
The site provides sold price ranges for context. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.