Property Overview: 11 Kara Cove, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established character. Built in 1987, its 1,854 sqft living area is notably larger than the Winnipeg average, offering ample room for a family. The property's standout feature is its generous 8,451 sqft lot, which places it within the top 10-15% of city-wide properties for land size, providing exceptional outdoor potential.
Its appeal lies in its position as a city-wide value. With an assessed value of $501,000, it sits above the city average, yet appears competitively priced within its immediate neighbourhood and street. This suggests a solid home that offers more house and significantly more land than typical for the price across Winnipeg. The data indicates it's a property that trades some interior modernity (as it's older than many in its specific area) for space and lot size.
This home would best suit buyers who prioritize private outdoor space over a brand-new build—ideal for gardeners, families wanting a large yard, or those planning future additions. It’s also a strong match for value-conscious buyers looking for above-average square footage city-wide, who are comfortable with a home from the late 1980s that may benefit from personal updates.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold between $500,000 and $550,000 in August 2023, which aligns directly with its current $501,000 assessed value. This suggests the assessment is closely matched to recent market activity.
2. Is the house older than others in the area?
Yes. Built in 1987, it is older than most homes in the broader Normand Park area, ranking in the top 88% (meaning only 12% are older). However, it is newer than the median home across the entire city of Winnipeg.
3. What does the lot size ranking mean for me?
Ranking in the top 10% city-wide for land area is significant. It means you are getting a lot that is larger than roughly 90% of properties in Winnipeg, which is a major asset for privacy, recreation, or future development.
4. Why is the living area "below average" for the street but "above average" city-wide?
This highlights the character of the neighbourhood. Kara Cove and Normand Park consist of larger-than-average homes. So while this home is slightly smaller than its immediate neighbours, it remains substantially larger than the typical Winnipeg house, offering a best-of-both-worlds scenario: a spacious home in a neighbourhood of even more spacious properties.
5. How can I get the exact historical sold price?
The public data shows a price range. To obtain the exact sale figure and full history, you must request it directly via email from the site. They provide this verified data manually due to industry regulations that prevent its direct publication.