Property Overview
This two-storey home in Eric Coy offers a compelling blend of space, established character, and a generous lot. Built in 1987, its key appeal lies in its above-average living area (2,384 sqft) and a large, 8,154 sqft property, providing room to breathe and grow. The home features a finished basement and an attached garage. Its value is underscored by an assessed value of $607,000, which ranks highly within the wider Winnipeg area.
The property suits buyers looking for a well-sized family home in a mature neighbourhood, who prioritize indoor and outdoor space over a brand-new build. It’s particularly appealing for those who see potential in a home with nearly four decades of history—a property that is well-established in the community rather than just starting its story. The rankings suggest it offers more space and land than most comparable homes in the city, making it a standout for buyers who value those specific metrics over a top-tier finish in a newer subdivision.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg for key metrics like size, age, and value. For example, it ranks in the top 11% of Winnipeg for lot size and the top 4% for living area, meaning it offers more space than the vast majority of homes in the city.
2. Is the 1987 build year a concern?
While not a new build, the home is newer than 72% of Winnipeg's housing stock. This age typically means established infrastructure and mature landscaping, but a thorough inspection is always advised to understand the condition of major systems like roof, windows, and mechanicals that may be nearing their typical lifespans.
3. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the extent or features (e.g., legal suite, number of rooms, ceiling height). This is a key detail to clarify with the listing agent to understand the full usable living space and its potential.
4. Who might this property not suit?
Buyers seeking a modern, turn-key home with contemporary layouts and finishes, or those wanting a zero-maintenance property, might find the size of the lot and the age of the home require a different level of commitment. It's ideal for those comfortable with some potential updates.
5. How stable is the property's value based on this data?
The high assessment value rankings (top 7% in Winnipeg) indicate a strong, established valuation foundation relative to the market. This can be a positive indicator, but market value is always determined by current buyer demand, condition, and comparable sales, not assessment alone.