5 Christopher Cove

Property Overview & Key Characteristics

This is a well-maintained, one-storey home built in 1977, situated on a large, quiet lot of nearly 7,000 sqft in Southboine. Its key appeal lies in its combination of space, established setting, and relative value. The home features 1,352 sqft of living space, a finished basement, and an attached garage. The data suggests a property that balances size and affordability, ranking notably high city-wide for its lot size and assessed value. Its appeal is grounded in practicality: it offers room to grow without the premium of a newer build, in a mature neighbourhood with larger properties.

It would particularly suit first-time buyers or downsizers seeking single-level living on a generous lot, or value-focused buyers looking for a home with established infrastructure in a quiet setting. The strong city-wide rankings for lot size and value indicate a property that is competitively positioned for its price point, offering more land than most Winnipeg homes.

Frequently Asked Questions

1. What is the neighbourhood like?
The home is in the Southboine area, characterized by mature properties on sizable lots. The rankings show the home's lot size is in the top 17% city-wide, suggesting a peaceful, established community with more space and privacy than newer subdivisions.

2. Is the home outdated, given its age?
Built in 1977, the home is nearly 50 years old. However, it ranks as newer than 88% of homes on its street and 59% city-wide, indicating it is in a mature area where the home's age is typical or even relatively recent. The finished basement shows some updates, but buyers should budget for modernizations common to homes of this era.

3. How does the assessed value relate to the asking price?
The city's assessed value is $442,000, which ranks in the top 27% of Winnipeg homes for assessed value. This suggests the municipal assessment views it as a solid, above-average property. It's a useful benchmark, but the final market price is determined by current demand, condition, and recent comparable sales.

4. Is the living space sufficient for a family?
At 1,352 sqft plus a finished basement, the space is functional. The rankings show the living area is above average for Winnipeg (top 36%) but more modest within its immediate community. The generous lot is a significant compensating feature, offering ample outdoor space that many newer homes lack.

5. What are the less obvious advantages of this property?
The data highlights two subtle strengths. First, its exceptional lot size ranking city-wide offers long-term value and potential not easily replicated. Second, its high "newness" rank on its street (top 13%) means it is likely one of the more recent builds in that specific enclave, possibly with more modern construction than its immediate neighbours.