Property Overview & Key Characteristics
This single-storey home in Eric Coy offers a practical and established living environment on a spacious, nearly 7,000 sqft lot. Its key appeal lies in a combination of generous outdoor space and a move-in-ready layout featuring a fully finished basement, providing flexible living or storage options. The property suits first-time buyers seeking a manageable one-level floorplan, or downsizers looking for a low-maintenance bungalow style with room for a garden. Its strong city-wide assessment ranking suggests it represents solid value within the broader Winnipeg market.
A thoughtful perspective is that while the home's interior size is modest, the large lot presents a significant long-term asset, offering potential for expansion, gardening, or simply ample private outdoor space—a feature becoming increasingly valuable. The consistent appreciation in its assessed value since the last sale indicates stable underlying demand for well-positioned homes in the area.
Frequently Asked Questions
1. How does the home's age affect maintenance?
Built in 1975, buyers should anticipate potential updates to major aging components like the roof, windows, or HVAC system. A thorough inspection is recommended to budget for any necessary modernizations.
2. What is the significance of the provided rankings?
These rankings compare the property against others on its street, in Eric Coy, and across all of Winnipeg for metrics like size, age, and value. They show this home excels in its lot size and assessed value city-wide, but is more average within its immediate neighborhood.
3. Is the finished basement included in the listed living area?
No. The listed living area of 1,155 sqft refers to the above-ground living space. The finished basement provides additional, valuable square footage that is not reflected in that official figure.
4. What does the history of sold prices indicate?
The steady increase in sale prices from 2017 to 2019, coupled with a current assessed value higher than those sale prices, suggests a trend of appreciation. This can provide confidence in the area's market stability.
5. Who might this home not suit?
Buyers seeking a modern, open-concept layout or very large interior spaces may find the floorplan and living area limiting. It is likely best for those who value lot size and single-level living over a recently built or expansive interior.