5 Sandy Cove

Property Overview: 5 Sandy Cove, Southboine, Winnipeg

This 1978-built bi-level home sits on a large, 7,686 sqft lot in Winnipeg's Southboine neighbourhood. Its key features include a finished basement, an in-ground pool, and 1,376 sqft of living space. The property last sold in August 2022 for $520,000 and currently holds a municipal assessment of $509,000.

Section 1: Key Characteristics & Appeal

The primary appeal of this home lies in its generous, private lot and established setting. The nearly 7,700 sqft property is significantly larger than many city lots, offering ample outdoor space for gardening, recreation, and the standout feature: a private swimming pool. This creates a resort-like atmosphere perfect for family summers and entertaining. The finished basement adds valuable flexible space for a family room, home office, or guest area.

Its competitive rankings suggest a solid, well-regarded property within the broader Winnipeg market, particularly valuing its lot size and overall assessed value. However, the home itself, while spacious, ranks lower within its immediate community for living area, indicating it may be a comfortable but not oversized layout.

This property would best suit buyers seeking a ready-made backyard oasis and who value space and privacy over a brand-new build. It’s ideal for a family looking for a established neighbourhood with room to play, or for someone who views the pool as a non-negotiable luxury. The bi-level design offers clear separation between living and sleeping areas, which appeals to many. A thoughtful perspective is that this home represents an opportunity to own a premium lot with a solid house, where future value may be driven as much by the land and outdoor amenities as by the structure itself.

Section 2: Frequently Asked Questions

1. What is the typical maintenance and cost associated with an older in-ground pool?
Prospective buyers should budget for seasonal opening/closing, ongoing chemical balance, and periodic maintenance of the liner, pump, and filter system. Setting aside funds for eventual larger repairs or refinishing is a prudent long-term plan.

2. How does the bi-level layout function in daily life?
Bi-levels typically feature a short flight of stairs to the main living area (kitchen, living room, dining) and another short flight down to a lower-level family room or up to the bedrooms. This offers good separation of spaces but involves frequent stair use, which is an important consideration for mobility.

3. The home ranks highly for lot size but lower for living area within the neighbourhood. What does this imply?
This suggests the property’s strength is its generous outdoor space. The house itself is a comfortable size but may be modest compared to some larger or newer homes in Southboine. Buyers are effectively investing significantly in the land.

4. Is there a garage or covered parking?
The listing specifies there is no garage. Buyers will need to rely on driveway parking and consider the implications for vehicle storage and winter conditions.

5. The 2022 sale price is close to the current assessed value. What does this indicate?
This close alignment can suggest the municipal assessment is relatively current and market-based. It provides a recent, tangible market benchmark, indicating stability in the property’s perceived value over the last two years.