Property Overview: 7 Spillett Cove, Winnipeg
Key Characteristics & Appeal
This 2,147 sqft home, built in 2019, presents a compelling blend of modern construction and established community. Its primary appeal lies in its above-average size and contemporary age relative to the broader Winnipeg market. The home ranks in the top 8% city-wide for living area and the top 4% for its recent year of build, meaning it offers more modern amenities and space than the vast majority of homes in the city. With an assessed value of $588k, it sits above average at every geographic level, suggesting a premium, well-regarded property.
The data indicates it would suit buyers seeking a move-in ready, modern home without the wait or uncertainties of new construction, in a neighborhood where it compares favorably to nearby properties. It’s particularly suited for those who value space and newer builds but may not require the largest lot, as the land area is more in line with local averages. A thoughtful perspective is that this home offers the benefits of a near-new build while being in a settled area where the street itself has developed a consistent character, with several homes built around the same period.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in 2019 for between $450k-$500k. Its current assessed value of $588k is above the street average of $560k, ranking 4th highest out of 14 homes. This suggests significant appreciation and a premium position on the street.
2. Is the lot size typical for the area?
At 5,714 sqft, the lot is around the average for the street but somewhat smaller than the broader Ridgewood South neighborhood average. It offers standard outdoor space for the immediate area but is not an exceptionally large parcel.
3. What does the "Elite" city-wide ranking for year built mean?
Ranking in the top 4% city-wide for year built highlights that this is a notably newer home compared to Winnipeg's overall housing stock, which has an average build year of 1966. This typically translates to modern building codes, materials, and systems.
4. Who are the likely neighbors, based on the comparable properties listed?
The provided comparables suggest the immediate area consists primarily of homes built between 2017-2020, with living areas ranging from approximately 1,200 to 2,400 sqft. This indicates a neighborhood of relatively new, mid-to-large sized family homes.
5. How can I verify the exact historical sold price?
The site provides sold price ranges for general research. To obtain the exact sale figures and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.