145 Mcdowell Drive

Property Summary: 145 McDowell Drive

Section 1: Key Characteristics & Appeal

This well-established two-storey home in Winnipeg’s Eric Coy neighbourhood offers a compelling blend of space, mature setting, and proven value. Built in 1983, its key characteristic is its generous 2,472 sqft of living area, which ranks within the top 3-8% of homes locally, providing ample room for a growing or multi-generational family. The property sits on a large 7,722 sqft lot, and features a finished basement, adding significant functional living space.

Its appeal lies in its established community setting and its standout metrics compared to peers. The home ranks highly not just for size, but also for its assessed value, placing it above 94% of homes in the community. This suggests a property that has been maintained and improved over time. It suits buyers looking for a spacious, move-in-ready home in a mature neighbourhood, who value room to breathe over a brand-new build. A thoughtful perspective is that while the home is 43 years old, its ranking for "newness" still surpasses a majority of homes in Winnipeg, indicating it is a relatively younger property within the city's broader housing stock. The lack of a garage may appeal to those prioritizing yard space or who have alternative parking, viewing it as an opportunity for a future detached garage or garden shed.

Section 2: Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, being in the "top 12%" for lot size in Winnipeg means 88% of city lots are smaller, highlighting the property's above-average outdoor space.

2. The home was built in 1983. What should I consider?
While well-maintained, a home of this age will likely have original or older major components, like the roof, windows, and HVAC system. A thorough inspection is crucial to understand the condition and timeline for any updates.

3. There's no garage. Is that a major drawback?
It depends on your needs. The large lot provides space to add a detached garage or carport, subject to permits. For some, the trade-off for a larger yard and more house for the money is worthwhile.

4. How does the finished basement add value?
It immediately adds functional living space—ideal for a recreation room, home office, or guest suite—without the need for a major renovation. It increases the home's usable square footage beyond the already generous main living areas.

5. The assessed value is $636,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market, buyer demand, and the property's condition. However, its high percentile ranking (top 5% in Winnipeg) indicates it is considered a higher-value home by the assessment authority.