Property Overview & Key Characteristics
This well-established, single-family home in Winnipeg's Eric Coy neighborhood offers a practical and spacious layout on a large, 7,053 sqft lot. Built in 1976, the 1,301 sqft, one-storey home features a finished basement and an attached garage. Its key appeal lies in its generous outdoor space—a standout in the area—combined with the single-level living convenience of a bungalow. The property presents a solid value proposition, with an assessed value that ranks within the top quarter of Winnipeg homes.
It would particularly suit first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space, or investors attracted by the neighborhood's established nature and the home's above-average lot size. A thoughtful perspective: while the home's age suggests potential for updates, it also means it was built during a period of generous room and lot proportions, offering a foundation that can be modernized over time. Its rankings indicate it's a competitively sized property city-wide, but within its immediate community, it offers more privacy and space than most.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Eric Coy, and across all of Winnipeg for metrics like size, age, and value. For example, being in the "top 17%" for lot size in Winnipeg means 83% of city lots are smaller, highlighting the property's spacious outdoor area as a key asset.
2. Is the finished basement included in the 1,301 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional, valuable feature that adds functional living space but is reported separately.
3. What are the implications of a home built in 1976?
Homes from this era often have good room sizes and structural integrity. Buyers should budget for potential updates to major systems (like roofing, windows, or HVAC) that may be nearing the end of their service life, and consider the style of kitchens and bathrooms which may feel dated.
4. How does the assessed value relate to the likely selling price?
The municipal assessed value of $462,000 is for tax purposes and is based on mass appraisal techniques. The market price is determined by current buyer demand, recent sales of comparable homes, and the property's specific condition, and can be higher or lower than the assessment.
5. Who might this home not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prioritize a brand-new build. The rankings also show it is a smaller home within its own street, so buyers wanting the largest house on the block might look elsewhere.