Property Overview: 10 Chiswell Cove
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Elmhurst, built in 1986. Its primary appeal lies in its generous proportions and solid standing within its market. With nearly 1,925 sqft of living space and a fully finished basement on a large 5,906 sqft lot, it offers ample room for a family. The home's competitive edge is highlighted by its rankings: it sits in the top 11% of Winnipeg homes for size and the top 12% for assessed value, indicating it is a larger and more valuable property than the vast majority in the city. Its appeal is one of practical space and established value rather than modern luxury.
It would suit buyers looking for a move-in ready, spacious home in a mature neighbourhood without the premium price tag of a new build. It’s particularly well-suited for a family that values interior space and a sizable yard over features like a garage or pool. A thoughtful perspective is that this home represents a "value-hold" in its area—its above-average rankings for size and assessment suggest it's a property with inherent equity and stability, not just a basic entry-level house. It’s for the buyer who appreciates space and proven market position, and who may see the 40-year-old build date as a sign of a well-settled, stable neighbourhood rather than a drawback.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, community, and all of Winnipeg. For example, being in the "top 11%" for living space in Winnipeg means 89% of homes are smaller. It's a quick way to see the home's relative strengths in key areas.
2. The home was built in 1986. What should I consider?
A home of this age is likely to have seen updates, so inquiring about the age of major systems (roof, windows, furnace, HVAC) is crucial. The positive trade-off is that it comes from an era known for generous room sizes and larger lots compared to many newer subdivisions.
3. There's no garage. Is that a major issue?
This depends on your lifestyle and needs. The large lot does offer potential for adding a garage or carport in the future, subject to local bylaws. For some buyers, the significant interior space is a fair trade-off for street or driveway parking.
4. How does the fully finished basement impact the living space?
The 1,925 sqft living area includes the finished basement, which adds significant functional space for recreation, guests, or a home office. It effectively increases the home's usable footprint beyond the main two storeys.
5. The assessment is $543,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower than the assessment. However, the fact that it ranks highly (top 12% in Winnipeg) suggests the city assesses it as a above-average-value property for its size and location.