Property Overview & Key Characteristics
This 1983-built, one-storey home in Eric Coy offers a practical and comfortable living space on a generous 7,020 sqft lot. Its key appeal lies in its well-established, quiet neighbourhood setting combined with strong relative value. The 1,433 sqft home features a fully finished basement and an attached garage. The data suggests a property that outperforms many of its peers: it ranks in the top 20% on its street for size, assessed value, and living area, and is notably newer than 94% of the homes on the same street. This indicates a well-maintained and above-average home for its immediate locale. It would suit buyers looking for a move-in ready, single-level living option without a premium "new build" price, particularly those who value a larger lot in a mature community. A thoughtful perspective is that while its community ranking for size is more modest, its standout rankings on its specific street suggest a desirable micro-location within the wider area, offering a balance of space and established charm.
Frequently Asked Questions
1. How does the age of the home affect its condition?
Built in 1983, major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand upcoming maintenance, but the home's strong rankings suggest it has been well cared for relative to its peers.
2. What are the benefits of the fully finished basement?
It effectively adds usable living space beyond the 1,433 sqft main floor, which could be used for recreation, guests, or a home office. This increases the home's functional square footage without increasing its property tax assessment, which is based on the main floor area.
3. The community rankings for size are lower than street rankings. What does this mean?
This indicates that while this home is larger than most on its specific street, the wider Eric Coy community may have newer subdivisions with larger modern homes. It highlights this property's appeal as a spacious option on a quiet, established street rather than in a newer development.
4. Is the assessed value a reliable indicator of the sale price?
The assessed value of $472,000 is for municipal tax purposes. While it's a useful benchmark and places the home in the top 22% for value in Winnipeg, the final sale price is determined by the current market. Its high percentile rank suggests a solid value foundation.
5. What is the significance of the large lot size?
At over 7,000 sqft, the lot offers ample outdoor space for gardening, play, or expansion. In mature neighbourhoods, lot sizes often exceed what is available in newer subdivisions, providing a sense of space and privacy that is increasingly rare.