Property Overview: 18 Yarmouth Cove
Key Characteristics & Appeal
This 1986 two-storey home in Elmhurst sits on a spacious 6,040 sqft lot and offers 1,824 sqft of living space, including a finished basement. It features an attached garage and no pool. Its core appeal lies in its established neighbourhood setting and above-average footprint relative to many Winnipeg homes. The property ranks notably high city-wide for its lot size, living area, and assessed value (currently $511,000), placing it within the top 15-30% of Winnipeg homes in these categories. This suggests a solid, well-proportioned property for its vintage.
The home would suit buyers looking for a generous lot in a mature area without the maintenance of an older character home. It’s a practical choice for those who value space and established communities over brand-new builds. A thoughtful perspective is that while it ranks lower within its immediate street and community on some metrics—indicating it's on a street of similarly substantial homes—its strong city-wide rankings highlight its overall competitive scale and value in the broader market. It’s a home that offers more room than most, but within a context where that is the local norm.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in three areas: its specific street, the wider Elmhurst community, and all of Winnipeg. For example, ranking in the "top 30% in Winnipeg" for lot size means 70% of city homes have a smaller lot. The lower rankings on its own street simply mean most direct neighbours have even larger or newer homes.
2. Is a 40-year-old home a concern?
Built in 1986, this home is from an era with modern building standards. Key systems like roofing, windows, and major mechanicals are likely at or entering their renewal periods, which should be factored into inspection and planning.
3. How does the finished basement affect the living space?
The 1,824 sqft living area includes the finished basement. This adds valuable flexible space for recreation, guests, or a home office, but it's important to clarify the above-ground versus below-ground square footage during a viewing.
4. What is the neighbourhood like?
Elmhurst is a long-established, mature neighbourhood in Winnipeg. Properties typically feature larger lots and settled greenery. It appeals to those seeking a quiet, residential setting with a sense of permanence.
5. Why is the assessed value important?
The city's assessed value of $511,000 is used for calculating property taxes. While not a direct market price, it is a key data point that indicates the home is considered a higher-value property within the city, which is consistent with its above-average lot and living space.