Property Overview
This 1976-built, single-storey home in Winnipeg’s Eric Coy neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its exceptionally large, 10,808 sqft lot, which places it in the top 10% of properties on its street and the top 5% city-wide for land size. The home itself offers 1,351 sqft of living space with a finished basement and an attached garage. While the house’s age and interior size are fairly typical for the area, the property’s overall assessed value ranks highly, surpassing 79% of Winnipeg homes.
The property would suit buyers prioritizing outdoor space and long-term value over a modern, turn-key home. It’s ideal for someone looking for a generous yard for gardening, recreation, or future expansion in a well-established community. The combination of a solid, functional layout on a premier lot also appeals to value-conscious buyers or those willing to update a home over time to match its premium land value.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 5% city-wide for lot size is a significant advantage, while the home’s interior size and age are more average for the local area.
2. Is the large lot usable, or is it an odd shape?
While the listing doesn’t specify the lot’s dimensions, a size of over 10,000 sqft in this area typically allows for a deep, usable backyard. It’s a major asset for privacy, outdoor activities, or potential additions like a large shed or deck.
3. What are the implications of the home being 50 years old?
This means the core structure is well-established, but key systems (like roof, windows, plumbing, or electrical) may be at or beyond their typical lifespan. A thorough inspection is essential to budget for any necessary updates or maintenance.
4. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,351 sqft main floor, potentially providing room for a family room, home office, or additional bedrooms. The quality and condition of the finish would be a key factor in its value.
5. Who is the most likely buyer for this property?
The most likely buyer values land and location as much as the house itself. This could be a growing family wanting space for kids to play, a DIY enthusiast looking for a home with “good bones” to personalize, or an investor recognizing the underlying value of a large lot in the city.