Property Overview: 165 Overwater Cove
This spacious two-storey home in Elmhurst offers a blend of established charm and generous living space on a large, private lot. Its key appeal lies in its above-average scale and amenities compared to most Winnipeg homes. With 2,183 sqft of living space, a finished basement, an in-ground pool, and over 8,000 sqft of land, it provides ample room for family life and entertaining. The property ranks highly within the city for its lot size, living area, and assessed value, placing it within the top 10-15% of homes in Winnipeg for these features.
The home is ideally suited for buyers looking for a move-in ready property with established gardens and mature landscaping, who value space and privacy over a brand-new build. It would particularly appeal to families seeking a recreational backyard with a pool, or to those who entertain frequently and need multiple indoor and outdoor living areas. A thoughtful perspective is that while the build year (1987) places it in the middle of the pack for its immediate street, its above-average size and premium lot offer a value proposition often found in older, well-established neighborhoods—providing more land and interior space for the investment than a newer home in a recent subdivision might.
Frequently Asked Questions
1. How does the age of the home (built in 1987) impact maintenance?
While not a new build, the home is from an era with modern construction standards. Buyers should anticipate the potential for updates to major systems like the roof, HVAC, or windows in the coming years, which is typical for a home of this age, but it avoids the sometimes costly specialized materials of much older character homes.
2. What is the pool's condition and what are the associated costs?
The listing confirms an in-ground pool, a significant luxury feature. Buyers will need to inquire about its specific age, liner/equipment condition, and recent service history. Annual maintenance, winterization, and higher seasonal utility costs should be factored into the budget.
3. The lot is large—what are the landscaping responsibilities?
The 8,288 sqft lot offers great privacy and space but requires considerable upkeep. This includes lawn care, gardening, and tree maintenance. It's a perfect canvas for gardeners or those who enjoy outdoor projects, but a consideration for those seeking a low-maintenance yard.
4. Why is the home's ranking newer for its street lower than its city-wide ranking?
The home surpasses only 35% of houses on its own street for "newness," indicating Overwater Cove has many newer homes. However, it ranks highly city-wide (top 28%) because it is still newer than the vast majority of Winnipeg's older housing stock. This highlights that the street itself is a relatively modern and desirable enclave within Elmhurst.
5. What does the high assessed value ranking indicate?
The assessment ranks in the top 8% city-wide, meaning the city attributes a high value to this property relative to most in Winnipeg. This generally reflects its combination of large lot, generous living space, and amenities like the pool and finished basement. It is a strong indicator of the property's premium market position, though the final sale price is determined by the market.