Property Overview: 173 Overwater Cove
This two-storey family home in Elmhurst offers established comfort on a generous, nearly 6,000 sqft lot. Built in 1990, its 2,045 sqft of living space includes a finished basement and an attached garage. The property presents a compelling value proposition, with its assessment value ranking highly within both the wider Winnipeg area and the Elmhurst community itself. Its appeal lies in the balance of space, mature neighbourhood character, and a position that offers more house and land for the dollar compared to newer subdivisions. This home would suit practical buyers—growing families or those looking to upsize—who prioritize interior space and lot size over a brand-new build and appreciate a home with established infrastructure in a quiet cul-de-sac setting. A thoughtful perspective is that while the home is 36 years old, this also means its major systems and neighbourhood greenery are long-settled, potentially offering predictable upkeep compared to brand-new homes that may have initial settling issues.
Frequently Asked Questions
1. How does the property’s value compare to its neighbours?
The home’s assessed value places it in the top 10% of properties in Elmhurst and Winnipeg, suggesting it is a above-average offering for its size and location relative to the broader market.
2. Is the lot size a significant feature?
Yes. At nearly 6,000 sqft, the lot is larger than over 90% of homes on its street, providing ample private outdoor space—a premium in many mature neighbourhoods where lots are often smaller.
3. What does the "ranking" data for age and size indicate?
The rankings show the home is newer than most in Elmhurst (top 15%) but has more living space than almost all homes in Winnipeg (top 9%). This indicates you get a relatively modern home in an older area, with interior space that is well above the city average.
4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a brand-new, maintenance-free home may find the 1990s floor plan and age of components like windows or roof less appealing. It's best for those comfortable with some planned updates over time.
5. What is the immediate neighbourhood like?
Located on a cul-de-sac, the home likely benefits from lower traffic and a quieter, safer environment for children, which is a key but less-advertised benefit of its specific location on Overwater Cove.