Property Overview
27 Spillett Cove is a modern two-storey home in Winnipeg's Ridgewood South neighbourhood. Built in 2018, it offers a turnkey, low-maintenance living experience with a recently renovated basement. The home stands out on its street for its above-average living space (2,371 sqft) and newer construction, positioning it well within the local market. Its appeal lies in its balance of contemporary comforts and established community, avoiding the uncertainties of a brand-new development while still feeling fresh and modern. The attached garage and generous 5,488 sqft lot add practical value.
This property would suit a young family or professional couple looking for move-in-ready space in a settled area. It’s also a sensible choice for a value-conscious buyer who appreciates a home that ranks highly for size and age compared to its immediate neighbours, suggesting a good long-term investment within the micro-market of the street itself.
Frequently Asked Questions
How does this home compare to others on the street?
The data shows this home ranks in the top 15% for living area and in the top 20% for year built on Spillett Cove, meaning it is both larger and newer than most of its direct neighbours.
What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the listing agent to understand the home's full usable space and quality.
The assessed value is $64,100, but it last sold for $56,800 in 2020. What does this mean?
The assessed value is for municipal tax purposes and is a snapshot in time. The sale history shows appreciation since 2020. The current asking price will reflect today's market conditions, so comparing it to recent sales of similar homes (comps) is more important than either of these past figures.
Are the property rankings a reliable measure of value?
They are a useful tool for quick comparison. This home consistently ranks in the top tiers for size and age within its immediate area, which is a positive indicator. However, they don't account for interior condition, layout, or lot desirability, which a viewing will reveal.
Who might this home not be suitable for?
Given its modern build and family-oriented neighbourhood, it may not suit someone seeking a historic character home or a fixer-upper project. The rankings also suggest it's a premium offering on its street, so buyers seeking the absolute lowest price point in the area might look at older, smaller homes nearby.