Property Summary: 6 Yarmouth Cove
Key Characteristics & Appeal
This is a well-established, single-family bungalow situated on a very large, mature lot in Elmhurst. Built in 1985, the home offers 1,720 sqft of living space with a finished basement and an attached garage. Its standout feature is the exceptional 13,222 sqft property, which places it in the top tier for lot size within the wider Winnipeg area. This provides immense privacy, space for gardening, recreation, and future expansion.
The appeal lies in a blend of space, location, and value. It suits buyers looking for a solid, move-in-ready home in a mature neighbourhood without the premium of a new build. It’s particularly well-suited for:
- Growing families or multi-generational households who prioritize outdoor space and the flexibility of a finished basement.
- Downsizers seeking single-level living but who are not ready to compromise on yard size or privacy.
- Value-oriented buyers who see potential in the substantial lot, understanding that land of this scale in the city is a finite asset. A thoughtful perspective is that while the house itself is of average size for the area, the land represents a significant portion of the property's value and long-term appeal, offering a hedge against densification.
Frequently Asked Questions
1. How does the age of the home affect maintenance?
As a 41-year-old property, prospective buyers should budget for updates to major aging components. A thorough inspection is crucial to assess the roof, windows, HVAC system, and plumbing, which may be nearing or past their typical lifespans.
2. What are the implications of such a large lot?
While offering great privacy and space, a lot of this size requires more time and resources for maintenance (lawn care, landscaping). It also presents future opportunities, such as adding a large deck, garden, or even an accessory building, subject to local bylaws.
3. The home's living area ranks lower than the lot size. What does this mean?
This indicates the house itself is more modest in size compared to others in the city, but it sits on a premier-sized lot. The value proposition is weighted toward the land. Buyers should ensure the interior layout and finished space meet their current needs.
4. What do the high rankings for lot size and assessed value indicate?
The home's lot size and assessed value rank in the top 10-15% of the community and city. This suggests it is considered a premium property within its market segment, which can be positive for long-term value but may also mean property taxes are relatively higher.
5. Is the finished basement included in the listed living area?
Typically, municipal living area (sqft) does not include below-grade space. The 1,720 sqft likely refers to the above-ground main floor. The finished basement provides additional, valuable living space that is not reflected in that official figure.