Property Overview: 15 Mossy Oaks Cove
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Assiniboia Downs is defined by its generous, private lot and solid modern build. The key appeal lies in its substantial 11,509 sqft land area, which ranks in the top 7% for its street and neighbourhood, offering rare space and potential in the city. Built in 2008, the home is a relatively newer construction compared to many in Winnipeg, suggesting modern building standards and less immediate worry over major system replacements.
The 1,776 sqft living area is spacious for a bungalow, placing it above average locally. While the home features an attached garage and a full basement (not renovated), its true value driver is the land. The property last sold in late 2020 for $600k, and its current assessed value is notably lower, which may attract attention from buyers looking for long-term value in a prime location.
This property would best suit buyers who prioritize outdoor space, privacy, and a blank-canvas basement for future customization. It’s ideal for a family seeking room to grow, add a pool, or landscape extensively, or for someone looking for a solid, newer-built bungalow on a lot that is increasingly hard to find. A less obvious perspective is its potential appeal to multigenerational living, where the single-level layout and large lot could accommodate future additions.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the lower level is unfinished or in original condition, offering functional space but presenting an opportunity for the buyer to customize it to their needs and taste.
2. The sold price from 2020 is much higher than the current assessed value. Why?
Assessed value is for municipal tax purposes and often lags behind market value, which is influenced by current supply, demand, and recent comparable sales. The 2020 sale price reflects the market peak during that time.
3. How significant is the lot size?
Very. A lot of over 11,500 sqft is uncommon, especially for a home built in 2008. It provides exceptional privacy, space for recreation, gardens, or future expansions that smaller, older lots cannot.
4. What are the implications of the home being a "one storey" or bungalow?
This layout offers all primary living spaces on one level, which is often sought for its accessibility and easy flow. It can be efficient to heat and cool, but may have a different room configuration than a two-storey home.
5. The rankings show the home is newer than 85% of Winnipeg. Is that a major advantage?
It can be. A 2008 build likely means more modern insulation, wiring, plumbing codes, and window standards, potentially leading to lower maintenance costs and better energy efficiency compared to homes built decades earlier.