11 Great Elm Cove

Ridgedale, Winnipeg

Property score

83.9

Excellent

Overall 83.9 · Larger and newer than most nearby homes

2,820 sqft (top 19%) · Built in 1994 (15 yrs newer than avg)

Located in a above-average income area with median household income of ~79k

Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 school, 2 parks, and 1 sports facility nearby

Living Area

Above average

18% larger than neighborhood avg.

Year Built

Above average

15 yrs newer than neighborhood avg.

Mother tongue

English · 85%French · 1%

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

Sold Count

65

Median price

790k

$/sqft

$323/sqft

Avg build year

1979

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Property score

83.9 is composed by the two sections below.

Property Score

92.9Excellent
Living Area98
2,820 sqftExcellent
Year Built81
1994Excellent
Lot Size97
11,886 sqftExcellent
Neighbourhood Sales Activity67
Good

Community Score

70.5Good
Household Income76
Good
Education Level72
Good
Housing Stress63
Fair
Core Housing Need76
Good
Employment Health42
Low

Neighbourhood Sales

Ridgedale

How to read: Share of sales in each ~$50k price band for “ridgedale” (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: #46111099

Community deep dive

$79K

Median household income

$116K

Average household income

16%

Low income (LIM-AT)

0.4

Income inequality (Gini)

5.3

P90 / P10 ratio

33%

Single-person households

16%

Families with children

Population, labour & age

Population (2021)1,349
Labour force participation rate53%
Median age55.6
Avg household size2.2
Unemployment rate12%
Population density2645 / km²

Households & income

Low income (LIM-AT, % pop.)16%
Single-person households33%
Couple families with children16%
Median household income (2020)$79K

Housing

Renter households53%
Condominium dwellings7%
Median dwelling value (owners)$552K

Diversity, education & language

Immigrants (share of pop.)12%
Visible minority6%
Bachelor's or higher (25–64)35%
Mother tongue (1st)English · 85%
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

Elite
2,820 sqft
0255075100
Same streetTop 14%Same areaTop 19%CitywideTop 1%
Same street · Great Elm Cove
#1 / 7
Top 14% · Avg 2,331 sqft
Same area · Ridgedale
#46 / 237
Top 19% · Avg 2,395 sqft
Citywide · Winnipeg
#2,811 / 194,458
Top 1% · Avg 1,342 sqft

Tax-Assessed Value

Elite
772k
0255075100
Same streetTop 43%Same areaTop 33%CitywideTop 3%
Same street · Great Elm Cove
#3 / 7
Top 43% · Avg 718.4k
Same area · Ridgedale
#79 / 237
Top 33% · Avg 758.7k
Citywide · Winnipeg
#5,034 / 194,458
Top 3% · Avg 390.1k

Year Built

above average
1994
0255075100
Same streetBottom 43%Same areaTop 21%CitywideTop 20%

Lot Size

Elite
11,886 sqft
0255075100
Same streetTop 14%Same areaTop 41%CitywideTop 4%

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

11 Great Elm Cove — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 248 m), 1 education (nearest 454 m), 2 parks (nearest 164 m).

Search radius
🍽️Dining1
🏫Education1
🌳Parks2
💪Sports1
🏛️Government1

Crime & Safety

Ridgedale · WPS public data · 2026

Annual incidents

1

2026

vs. city avg

-97%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Violent

100%

Sales History

Sold 1/2025CA$900k–950k
Sold price

Same street

Top 20%

Same area

Top 11%

City-wide

Top 1%
Sold 8/2020CA$650k–700k
Sold price

Same street

Bottom 40%

Same area

Top 42%

City-wide

Top 4%
Sold 3/2018CA$600k–650k
Sold price

Same street

Bottom 1%

Same area

Bottom 47%

City-wide

Top 7%

Related homes

Highlights & common questions: 11 Great Elm Cove, Winnipeg

Property Overview & Key Characteristics

This spacious two-storey home in Ridgedale sits on a large, quiet cul-de-sac lot. Built in 1994, its primary appeal lies in its generous proportions, both indoors and out. With nearly 2,820 sqft of living space and a fully finished basement, it offers ample room for a growing or multi-generational family. The lot size of nearly 12,000 sqft is a standout feature, placing it in the top tier of properties in Winnipeg for outdoor space, ideal for gardening, recreation, or future expansion.

Its value is underscored by strong and consistent market performance. Recent sales data shows significant appreciation, with a sale price of $920,000 in early 2025, well above its current assessed value. The home ranks in the top 1-4% of Winnipeg for lot size, living area, and recent sale value, indicating it is a premium property within the market.

This home would best suit buyers looking for established, spacious family living in a mature neighbourhood. It appeals to those who prioritize indoor and outdoor space over brand-new construction and appreciate a home with a proven track record of value growth. It’s a solid choice for buyers seeking a "forever home" with room to grow, or for those who see long-term value in one of the city's larger residential lots.


Frequently Asked Questions

Q: The home sold for significantly more than its assessed value in 2025. What does this indicate?
A: This typically indicates strong buyer demand for this specific property, likely driven by its large lot and spacious interior. It suggests the market values these features higher than the municipal assessment, which can lag behind current market trends.

Q: How does the 1994 build year factor into consideration?
A: Homes from this era often offer more traditional architecture and robust construction, but major components like the roof, windows, and HVAC systems may be nearing or due for updates. A thorough inspection is advised to budget for any upcoming maintenance.

Q: The lot is exceptionally large. What are the pros and cons?
A: The primary pro is immense privacy and potential for landscaping, pools, or additions. The con is the corresponding maintenance—lawn care, snow clearing, and gardening all require more time, equipment, or cost to outsource.

Q: The rankings show it's newer than only 43% of homes on its street. Is that a concern?
A: Not necessarily. It simply means the street has a mix of older and newer homes. In a mature neighbourhood like Ridgedale, this is common and can contribute to varied architectural character and established greenery.

Q: With such high rankings city-wide, is there room for future value growth?
A: While past performance is strong, its already-premium position means future growth may align more closely with the overall high-end market rather than outpacing it dramatically. The value is likely sustained by its scarcity (large lots) rather than speculative potential.