Property Overview
59 Eliuk Cove is a modern, two-year-old home in Winnipeg's Ridgewood South neighborhood. Its appeal lies in its balance of being a newer construction within a well-established city context. While it sits among larger, higher-valued homes on its specific street, it offers a turnkey, low-maintenance lifestyle in a sought-after area.
Key Characteristics & Ideal Buyer
This home is notable for its age, ranking among the newest 1% of comparable properties city-wide. With 1,483 sqft of living space, it is compact relative to its immediate neighbors but aligns closely with the Winnipeg average. The assessed value of $524k is above the city-wide benchmark, yet it is the second-most affordable on Eliuk Cove, presenting a value-oriented entry point into a premium street.
The property suits buyers seeking a modern home without the wait of a build, particularly first-time buyers or downsizers who prioritize new systems, contemporary layout, and minimal immediate upkeep. It’s a pragmatic choice for someone who values the prestige of a newer neighborhood like Ridgewood South but is comfortable with a more efficient floor plan and a standard city lot size.
A less obvious perspective is the home’s positional value: it offers the benefits of a mature, high-value community without paying a premium for the largest footprint on the block. It’s a newer asset in an appreciating area, which can be a strategic middle ground between a brand-new subdivision and an older, renovated home.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
At 1,483 sqft, the living area is smaller than most on Eliuk Cove and in Ridgewood South, but is very close to the overall Winnipeg average. It’s a comfortably sized, modern home that prioritizes efficiency over sheer square footage.
2. Why is the assessed value lower than the street average?
The assessed value of $524k is below the street average because most homes on Eliuk Cove are larger and have higher valuations. This position makes it one of the more accessible properties on the block, offering entry into the neighborhood.
3. What does the "Elite" ranking for year built mean?
Ranking in the top 1% city-wide for year built (2024) confirms the home is exceptionally new compared to Winnipeg’s overall housing stock. In Ridgewood South, it’s in the top 3%, indicating it’s among the newest homes in a relatively recent neighborhood.
4. Are the sold price figures shown exact?
The displayed sold price range (CA$550k–600k) is an estimate. To receive the verified, exact sale history and price, you must request it directly via email from the site, as they manually provide this data due to industry regulations.
5. What are the implications of the smaller lot size?
The 5,087 sqft lot is the smallest on Eliuk Cove but is near the city average. This typically means lower yard maintenance and potentially lower property taxes tied to land value, while still providing standard outdoor space for a city home.