Property Overview: 88 Overwater Cove, Elmhurst, Winnipeg
Key Characteristics & Appeal
This two-storey home at 88 Overwater Cove is a well-proportioned property in a desirable neighbourhood. Built in 2004, it offers modern construction within an established area. The home features 1,984 sqft of living space, an attached garage, and a renovated basement, sitting on a generous 8,179 sqft lot.
Its primary appeal lies in its strong positional value within Elmhurst. The data indicates this is a premium property for the area, ranking in the top 4% for assessed value among local comparables. While its living space is near the average for its immediate street, it stands out as significantly larger than both the neighbourhood and city-wide averages. This suggests a solid, above-average home in a coveted location. The lot size further enhances its value, offering ample outdoor space that is well above the Winnipeg norm.
This property would ideally suit buyers looking for a move-in ready, modern family home in a prime neighbourhood without needing a full custom build. It’s a strong fit for professionals or growing families seeking space, stability, and the prestige of Elmhurst. The renovated basement adds functional living area, appealing to those who value flexible space for entertainment, a home office, or guests.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value places it in the elite top 4% for the Elmhurst neighbourhood, indicating it is considered a higher-value property in a sought-after area. It recently sold for $730,000.
2. Is the living space typical for this street?
At just under 2,000 sqft, the living area is very close to the average for Overwater Cove itself. Its size becomes more notable when compared to the broader neighbourhood and city, where it ranks well above average.
3. What does the lot size offer?
The 8,179 sqft lot is substantially larger than the typical Winnipeg lot. This provides significant outdoor space for gardening, recreation, or potential future additions like a deck or patio, which is a key asset.
4. How does the year of construction affect the home?
Built in 2004, the home is newer than most in Elmhurst (ranking in the top 3% for age locally). This typically suggests more modern building standards, layouts, and systems, potentially reducing immediate major repair needs compared to older homes.
5. What might the rankings mean for future resale?
The home’s strong rankings—particularly for value and lot size within a premium neighbourhood—suggest it holds fundamental attributes that are consistently in demand. This can provide a degree of long-term value stability relative to the market.