Property Overview: 110 Deerpark Drive
This well-established, single-family home in Winnipeg’s Eric Coy neighbourhood presents a solid opportunity for buyers seeking space and value. Built in 1986, it’s a classic one-storey bungalow sitting on a generous 7,127 sqft lot, offering a blank canvas for personalization. The appeal here lies in its above-average living space (1,700 sqft) and large lot size compared to most homes in the city, combined with a below-average assessed value for its area. This creates a value proposition centred on potential. The home is suited to handy buyers or those with a renovation budget who want to shape a home to their tastes, or to families looking for ample outdoor space in a mature community. Its rankings suggest it’s a property that stands out more for its land and square footage than for its current finish or assessed value, making it a pragmatic choice over a turn-key one.
Key Considerations & FAQs
1. What is the condition of the home likely to be?
Given its age (40 years) and the note of an unfinished basement, the property is likely a functional but dated home that may require updates to mechanical systems, windows, or interior finishes. The value is in the structure and the land.
2. Why is the assessed value relatively low for its size and area?
The assessment ranks lower than the home’s size ranking, which often indicates the interior condition and finishes are modest compared to other homes of similar scale in Winnipeg. This can represent an opportunity to add value through renovations.
3. Who would this property not suit?
It would not suit buyers seeking a modern, move-in-ready home without any projects. The unfinished basement and probable need for updates require a willingness to invest time and money post-purchase.
4. What does the lot size and ranking mean practically?
With a lot size ranking in the top 16% for Winnipeg, the outdoor space is a significant asset. It offers rare room for additions, gardening, play areas, or future landscaping projects that are harder to find in newer subdivisions.
5. Is the neighbourhood trending?
The community rankings show the home’s metrics are generally stronger within Eric Coy than on its specific street. This suggests a stable, mature neighbourhood where this property represents a more affordable entry point with upside potential compared to its immediate neighbours.