Property Overview: 18 Bur Oaks Cove
Key Characteristics, Appeal & Ideal Buyer
This is a spacious, modern bungalow built in 2010, situated on an exceptionally large lot of over 21,000 square feet in Winnipeg’s Assiniboia Downs area. The home’s key features include a renovated basement, an attached garage, and nearly 2,000 square feet of living space. Its primary appeal lies in the rare combination of a newer, low-maintenance home with the generous, private outdoor space typically found on older properties. The lot size is a standout, ranking in the top 1% for Winnipeg, offering immense potential for gardening, recreation, or future expansion.
The property would suit buyers looking for single-level living without sacrificing yard size, such as downsizers who still want room for family gatherings or a hobby garden, or growing families seeking a modern layout and a safe, expansive play area. A thoughtful perspective is its value proposition: it offers the modern efficiencies of a 2010 build while providing the land equity of a much older property, making it a unique find in the market. Its strong assessed value ranking suggests it is viewed as a solid, long-term asset within the city.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentile rankings (e.g., "Top 1% in Winnipeg") compare this property against others on its street, in its neighbourhood, and across the entire city for specific metrics. For example, its lot size is larger than 99% of properties in Winnipeg, indicating an exceptionally large yard.
2. Why was the last sale price in 2017 lower than the current assessed value?
The 2017 sale price of $58.5k reflects the market value at that time. The current assessed value of $74.9k is the city's estimate for taxation purposes and is influenced by broader market changes, renovations (like the basement), and the property’s standout characteristics over the intervening years.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify with the seller or their agent regarding the permits and legal status of the renovation to understand its potential for rental income.
4. How does such a large lot affect maintenance and costs?
While offering great privacy and space, a lot of this size requires more time and investment for landscaping, lawn care, and snow clearing than a standard urban lot. It may also contribute to a higher property tax assessment relative to similar-sized homes on smaller parcels.
5. The home ranks newer than 87% of Winnipeg, but only 58% in its neighbourhood. What does this indicate?
This suggests the immediate neighbourhood features a mix of property ages, with many homes built around or after 2010. It indicates you are in a newer, developing area of Assiniboia Downs, which can be positive for consistent property styles and modern infrastructure.