Property Summary: 7 Hartland Cove
Key Characteristics & Appeal
This is a well-established, spacious bungalow in Winnipeg's Ridgedale neighborhood, built in 2004. Its primary appeal lies in its generous, nearly 8,800 sqft lot and its modern yet settled character within a mature community. The home offers 1,811 sqft of living space, a fully finished basement, and an attached garage. The data reveals a compelling profile: it sits on a lot size that ranks in the top 9% of Winnipeg, and its assessed value places it in the top 5% city-wide, suggesting strong underlying property value. It’s newer than most homes in its immediate area (top 3% in the community for age), offering modern construction without being in a brand-new subdivision.
This property would suit buyers looking for a single-level living layout with ample outdoor space for gardening or family activities. It’s ideal for those who value a home that is both established and relatively contemporary, and who appreciate a property with statistically proven equity and value metrics above the vast majority of the Winnipeg market. It’s a solid choice for someone seeking a long-term home with room to grow, without the premium or unpredictability of a brand-new build.
Frequently Asked Questions
1. How does the lot size compare practically?
At 8,782 sqft, the lot is significantly larger than the Winnipeg average. This translates to considerable backyard privacy, space for additions like a shed or deck, and less feeling of being crowded by neighbors.
2. The home ranks lower for size on its street. Should I be concerned?
While the living area is more modest compared to some direct neighbors, this is balanced by the lot size and the home's newer age. It indicates a streetscape of larger homes, which can be positive for property values, and suggests this may be one of the more manageable properties to maintain on the block.
3. What does the high assessment value relative to the 2020 sale price indicate?
The current assessment ($641,000) being notably higher than the 2020 sale price ($570,000) reflects significant market-wide appreciation over the past four years. It sets a formal valuation baseline for property taxes, but also signals strong perceived growth in value.
4. Is the finished basement included in the listed living area?
No, the 1,811 sqft figure typically refers to above-grade living space. The fully finished basement provides additional, valuable living area that is not reflected in that primary square footage number.
5. The "newness" rank is very high. What are the pros and cons of a 2004-built home?
Pros include modern wiring, plumbing, and insulation standards, likely with fewer immediate major repairs than an older home. Cons are that it is now 20 years old, so components like the roof, HVAC, or appliances may be nearing their typical lifespans and due for inspection or replacement.