Property Overview: 31 Kara Cove, Winnipeg
Key Characteristics & Appeal
This home at 31 Kara Cove in Normand Park presents a compelling mix of space, value, and established character. Built in 1987, its 2,005 sqft of living area is notably spacious compared to the Winnipeg average, offering ample room for families. The lot size of 6,295 sqft is also above the city-wide norm, providing generous outdoor space.
The primary appeal lies in its value proposition. With an assessed value of $488,000, it sits below the average for both its immediate street and the broader Normand Park area, suggesting a potentially attractive entry point into this neighborhood. However, it remains above the city-wide average for assessed value, indicating a solid investment in a desirable location. This creates an interesting dynamic: it’s a larger, older-home-on-a-good-lot play within its own micro-area, while still representing a premium compared to the typical Winnipeg home.
This property would suit value-conscious buyers looking for established character and more space than a newer suburban home might offer at a similar price point. It’s ideal for those who prioritize indoor and outdoor square footage over being in the newest house on the block and who see potential in a home from the late 1980s.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The assessed value is below the average for both Kara Cove and the wider Normand Park area, which could indicate a relative value opportunity or reflect factors like specific condition or updates needed compared to nearby homes.
2. Is the living space considered large?
Yes. At just over 2,000 sqft, the living area is significantly above the Winnipeg city-wide average, placing it in the top 11% of homes city-wide for size. It is comfortably average for the immediate neighborhood.
3. What does the "Sold 7/2023 CA$450k–500k" price indicate?
This shows the home was sold in July 2023 for an estimated price within that range. This recent sale provides a concrete market benchmark from just over a year ago, which can be more relevant than the assessed value for understanding current market dynamics.
4. The home was built in 1987. What should I consider?
A home of this age is likely to have major systems (roof, windows, HVAC) that are at or beyond their typical lifespan. A thorough inspection is crucial, but this era of home also often features mature landscaping and established neighborhood appeal.
5. How can I get the exact historical sold prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures by emailing them directly; they provide this data manually without using your email for marketing.