Property Overview: 55 Alora Cove, Winnipeg
Key Characteristics & Appeal
This home at 55 Alora Cove in Ridgewood South is a modern, move-in-ready property built in 2024. Its primary appeal lies in its combination of new construction and above-average space. With 1,876 sqft of living area, it offers more room than most Winnipeg homes and sits comfortably above the average for its immediate street. The assessed value of $533k is notably higher than the citywide average, reflecting its newer condition and desirability.
The home’s standout feature is its age. Being only two years old places it in the top tier of homes city-wide and within the neighborhood, suggesting minimal immediate maintenance and modern building standards. A thoughtful perspective is that while the lot size is smaller than others on the street, this often translates to less yard upkeep—a potential plus for buyers seeking a new home without the burden of a large garden.
This property would best suit buyers looking for a modern, spacious home in a developing area who prioritize a turnkey condition over a large lot. It’s ideal for professionals or small families wanting the benefits of a new build (like contemporary layouts and energy efficiency) within a community that has a mix of similarly aged homes.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home sold in April 2024 for an estimated $550k-$600k. This placed it in the top half of sales on the street at that time, aligning with its above-average living area and new construction status compared to neighboring properties.
2. Is the property tax likely to be high given the assessed value?
While the assessed value is above the Winnipeg average, it is around the median for both Alora Cove and the broader Ridgewood South area. You can expect taxes to be generally in line with other newer homes in this specific neighborhood.
3. What are the trade-offs for having a newer home on a smaller lot?
The lot is below the street average, meaning less private outdoor space. However, this typically reduces maintenance time and costs. The benefit is a modern, low-maintenance home interior, which for many outweighs the desire for a larger yard.
4. How does the living space truly compare to the area?
The living area is genuinely spacious. It ranks above average city-wide and on its street. Within Ridgewood South, it’s about average, meaning it fits right in with the scale of this particular community without feeling disproportionately large or small.
5. Can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data licensing. However, you can request the precise figure via email from the site, which provides a manual lookup service for verified transaction history.