Property Overview
10 Elmridge Cove is a well-established, single-storey home in Winnipeg's Elmhurst neighborhood. Its primary appeal lies in offering generous space and a strong competitive position within the broader market. The property sits on a large, approximately 9,000 sqft lot, which ranks in the top 16% of its community. Built in 1979, the 1,417 sqft home features a finished basement and an attached garage. The key selling point is its value proposition: with an assessed value nearing $500,000, it ranks higher in value than over 80% of Winnipeg homes, suggesting a solid investment in a desirable setting. This home would suit buyers looking for a move-in-ready property with ample outdoor space, who prioritize lot size and established neighborhoods over a brand-new build. It’s a practical choice for empty-nesters, small families, or anyone seeking a single-level living layout without sacrificing a sense of space and privacy.
Frequently Asked Questions
1. How does the age of the home (built 1979) affect its condition and potential costs?
While the home is nearly 50 years old, its high assessment ranking suggests it has been well-maintained or updated. Buyers should still budget for potential updates to major aging components like the roof, windows, or HVAC system, which is typical for homes of this era.
2. The living area is noted as ranking lower within its own street. What does this mean?
This indicates that while the home's square footage is competitive city-wide, other houses on Elmridge Cove are larger. The appeal here shifts from having the biggest house on the block to owning one of the better-valued properties with a disproportionately large lot.
3. What are the advantages of such a large lot?
The lot size is a major asset, offering significant privacy, space for gardening, recreational areas, and potential for future additions like a shed or deck. It provides a suburban feel within the city.
4. Who is the typical buyer in this neighborhood and price range?
Elmhurst attracts a mix of long-term residents and growing families. At this price and with a single-storey layout, it would strongly appeal to downsizers from larger homes in the area who want to stay in the community, as well as to professionals seeking a stable, established neighborhood.
5. Does the finished basement add significant value?
Yes, a finished basement effectively increases the usable living space beyond the listed 1,417 sqft, adding flexibility for recreation, guests, or a home office, which is a key feature for many buyers.