Property Overview: 27 Swansea Cove
This well-situated Elmhurst home is a 1984-built four-level split on a large, 6,108 sqft lot. Its key characteristic is a balanced offering of space, land, and location. With 1,578 sqft of living space, an unfinished basement, and an attached garage, it provides a practical layout with clear potential for personalization.
The appeal lies in its above-average lot size and its strong relative rankings within Winnipeg for both lot and living area, suggesting a solid value proposition for the space offered. It suits first-time buyers or growing families looking for a home with room to expand outdoors and the option to finish the basement for added living space over time. A thoughtful perspective is that the unfinished basement, while requiring investment, offers a blank canvas to avoid paying a premium for someone else’s possibly dated renovations. The home’s age means systems may need attention, but it also places it in an established, mature neighbourhood.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the top 28% in Winnipeg for lot size means its land parcel is larger than 72% of all properties in the city, a significant advantage.
2. Is an unfinished basement a drawback?
Not necessarily. While it requires an upfront cost to finish, it allows the new owner to customize the space to their exact needs—whether as a rec room, home office, or additional bedrooms—without needing to undo existing work.
3. The home was built in 1984. What should I be aware of?
Key systems like the roof, windows, furnace, and plumbing are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, which is common for homes of this era.
4. Who would this property not be suitable for?
It may not suit buyers seeking a completely move-in-ready, modernized home without any projects, or those who prefer a low-maintenance property with a smaller yard.
5. How does the assessment value relate to the listing price?
The municipal assessment of $438,000 is for tax purposes and reflects a mass appraisal from a prior date. The market-based listing price is determined by current supply, demand, and the home's specific condition, and can be higher or lower than the assessment.