Property Overview: 35 Sheilagh Ball Cove, Winnipeg
Key Characteristics & Appeal
This home is a modern, well-sized residence built in 2021, offering the benefits of a newer build with minimal maintenance concerns. Its primary appeal lies in its efficient use of space: at 1,939 sqft, the living area is comfortably above average for both the wider city and the Peguis area, suggesting a spacious interior layout. However, the property presents a clear trade-off. The lot size of 4,017 sqft is notably smaller than most on its own street and is below the city average. This creates a low-maintenance yard ideal for those who prefer indoor living space over extensive outdoor upkeep, but may not suit those seeking expansive private gardens.
The assessed value of $518k sits interestingly below the street average but above the city average. This indicates you may get more modern home for your money here compared to the broader Winnipeg market, though it is positioned at a more accessible price point within its immediate, presumably high-demand neighbourhood. The home last sold in late 2023 for an estimated $600k-$650k, which is well above its current assessed value—a point worth investigating for market context.
This property would best suit buyers who prioritize a modern, move-in-ready home with generous interior space and prefer a manageable yard. It’s a strong match for professionals, small families, or downsizers looking for a newer build in a developing area without the burden of a large lot. It may also attract value-conscious buyers looking for a foothold in a neighbourhood where other properties command higher valuations.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the yard is smaller than many in the area, it translates to less time and cost spent on landscaping and maintenance. The trade-off is more interior space, making it a practical choice for those who value a low-maintenance lifestyle.
2. Why is the current assessed value significantly lower than the 2023 sold price?
Assessed values for taxation purposes don't always align directly with current market prices, which can be influenced by factors like recent renovations, specific sale conditions, or rapid market shifts. The sold price suggests strong buyer demand for newer homes in this area at that time.
3. What does the "above average" living area ranking mean for daily living?
Ranking in the top 14% in Peguis and top 12% city-wide for living area means this home offers more interior space than most Winnipeg homes. This typically allows for larger rooms, more storage, and flexible living arrangements compared to older or more compact properties.
4. Is the property in a well-established or still-developing area?
With an average build year on the street of 2022, Sheilagh Ball Cove is a very new street. You'll be surrounded by other recent constructions, which can mean a consistent, modern streetscape but also the potential for ongoing construction in the immediate vicinity.
5. How does the value compare to similar homes nearby?
The assessed value is "around average" for the broader Peguis area but "below average" on its specific street. This could indicate an opportunity relative to immediate neighbours, but it's important to view the home in person to understand what factors, such as lot size or finishing details, might contribute to this difference.