Property Overview: 26 Ghent Cove, Elmhurst, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established family home in the desirable Elmhurst neighborhood. Its primary appeal lies in its generous proportions and premium lot size. At nearly 2,500 sqft of finished living space on a 12,034 sqft lot, it offers significant room both inside and out, a rarity that ranks it in the top tier of homes locally. Key features include a finished basement, an in-ground pool, and an attached garage.
The home’s strength is its "best-in-class" size and land value within its immediate context. It ranks in the 90th percentile or higher for lot size, living area, and assessed value on its street, in Elmhurst, and across Winnipeg. This suggests a property that is a standout for space and has historically held its value well against comparable homes. The trade-off is its age; built in 1984, it is newer than only 10% of homes on its street, indicating an older, mature streetscape where updates and maintenance are a consideration alongside character.
It would ideally suit a buyer looking for a long-term family home who prioritizes generous indoor and outdoor space over a new-build. It's for someone who values the established trees and privacy of a large lot and sees the pool as a lifestyle asset. This buyer should be prepared for the upkeep of a 40-year-old home and a large property, viewing potential updates as an investment in an already top-tier location and land parcel.
Frequently Asked Questions
1. What does the high ranking in lot size and living area actually mean?
It means that compared to almost all other homes on its street, in Elmhurst, and in Winnipeg, this property is larger in both land and square footage. You are getting a property that is physically bigger than 90-97% of its peers, which is a key driver of its value.
2. The home is older—what should I be mindful of?
Built in 1984, major systems like the roof, windows, furnace, and plumbing may be at or beyond their typical lifespan. A thorough inspection is crucial. The age also suggests a neighborhood with mature landscaping, which offers privacy but may require management.
3. How significant is having a pool in Winnipeg?
It provides a private summer oasis and can be a great entertainment feature. However, the usable season is relatively short, and it adds to annual maintenance costs (opening, closing, chemicals) and insurance considerations. It's a valuable luxury amenity for the right buyer.
4. The assessed value is $649,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market. However, its assessment ranking in the top 5% city-wide indicates the city views it as a high-value property, which often correlates with market price.
5. Who is the typical buyer in this area?
Elmhurst often attracts established families, professionals, and empty-nesters seeking space, stability, and a central location. This particular home, with its very large lot and pool, likely appeals to those who enjoy gardening, outdoor living, and entertaining at home.