Property Overview: 14 Blossom Bay, Eric Coy, Winnipeg
Key Characteristics & Appeal
This two-storey home in Eric Coy is a spacious and established property on a large 6,045 sqft lot. Built in 1979, its primary appeal lies in its generous proportions and strong performance in key metrics. With 2,424 sqft of living space, it ranks in the top 4% of its community for size, offering ample room for a growing or multi-generational family. The home features a finished basement, adding to its functional space. While it lacks a garage or pool, its value is anchored in its substantial lot and above-average interior space for the area.
The property’s competitive positioning is notable. It ranks highly within its immediate street and broader community for lot size, living area, and assessed value. Recent market activity shows significant appreciation, with a sale price of $730,000 in late 2023, well above its current assessed value of $656,000. This suggests a home that has been upgraded or is in high demand relative to its official valuation.
This home would best suit buyers looking for a well-sized, established property in a mature neighbourhood, who prioritize interior space and land over newer builds or certain amenities like a garage. It appeals to those who see value in a home with a track record of strong market performance and who may be comfortable with a property that offers the potential for personalization.
Frequently Asked Questions
1. How does the 2023 sale price compare to the current assessment?
The home sold for $730,000 in October 2023, which is approximately $74,000 above its current municipal assessment of $656,000. This indicates the market valued it higher than its official tax valuation at that time.
2. Is the lot size a significant feature?
Yes. At over 6,000 sqft, the lot is larger than 88% of properties on its street and 98% within the Eric Coy community, offering substantial outdoor space uncommon in many newer subdivisions.
3. The home was built in 1979. What should I consider?
As a home approaching 50 years old, prospective buyers should budget for potential updates to major aging components like the roof, windows, or HVAC system, balanced against the value of its established neighbourhood and mature landscaping.
4. How does the living space compare to other homes?
The 2,424 sqft of living area is a key strength. It places the home in the top 4% of its community and top 3% city-wide for size, making it notably more spacious than most Winnipeg homes.
5. The home has no garage. Is that common for the area?
While the listing shows no garage, this is not uncommon for older neighbourhoods. Buyers should verify if there is a driveway or the potential to add a garage, given the large lot size which could accommodate one, subject to local bylaws.