Property Summary: 123 McDowell Drive
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1983 on a generous, mature lot of nearly 7,000 sqft. Its key features include a fully finished basement and an attached garage. The home’s primary appeal lies in its proven value and spaciousness relative to the wider Winnipeg market. With a living area of over 1,600 sqft, it offers more space than approximately 80% of city homes, while its assessment value sits higher than 87% of properties, suggesting a solid and desirable valuation.
The property would suit practical buyers looking for a move-in-ready, low-maintenance layout on a single level, ideal for downsizers, first-time buyers seeking space, or small families. Its strong rankings for lot size, living area, and assessed value within Winnipeg indicate it’s a competitively sized asset in the broader market. A thoughtful perspective is that while its rankings within its immediate street and community are more modest, this can represent an opportunity to own a above-average city property in a neighbourhood that may have more affordable entry points, offering potential for value growth as the area evolves.
Frequently Asked Questions
1. How does the finished basement add to the living space?
The finished basement directly contributes to the home’s total functional living area of 1,634 sqft, providing flexible space for recreation, guests, or storage without the need for a renovation project.
2. The home ranks lower on its street for recent sale price. What does this mean?
This indicates the property’s last sale price was conservative compared to its immediate neighbours. It can reflect a past buying opportunity and highlights the importance of the current assessment and market conditions, which are strong city-wide.
3. Is a 43-year-old home a concern?
While systems will be of a certain age, the home’s rankings show it is newer than 65% of Winnipeg homes, placing it in the middle of the pack for age. A thorough inspection is always advised to understand the condition of major components.
4. Who might this property not suit?
Buyers seeking a brand-new build, a premium lot position within its specific micro-area, or property features like a pool would need to look elsewhere. It’s a home for those valuing space and practicality over prestige within the immediate block.
5. What do the strong city-wide rankings signify?
They confirm the home’s core attributes—lot size, living space, and assessed value—are objectively above average for Winnipeg. This strong foundational position can be a stabilizing factor for long-term value, even if its local street isn’t the top-ranked in the city.