Property Summary: 191 McDowell Drive
Section 1: Overview & Appeal
This well-situated bungalow in Winnipeg's Eric Coy neighbourhood presents a compelling opportunity, primarily defined by its generous land and established character. Its key characteristic is the substantial 12,094 sqft lot, which places it in the top 6% of properties on its street and the top 3% across all of Winnipeg for lot size. This offers exceptional outdoor space for gardening, recreation, or future expansion. The home itself is a 1,300 sqft, one-storey layout with a finished basement, built in 1976, and features a detached garage.
The appeal lies in a balance of space, location, and value. It suits buyers looking for a solid, no-frills home on a premium lot where the land itself is a major asset. It would be ideal for someone wanting room to breathe, a hobbyist or gardener, or a buyer with long-term plans who values the potential of the property over a move-in-ready finish. A thoughtful perspective is that while the house ranks moderately in size and age for its immediate area, its standout lot size and strong city-wide value ranking (top 24% by assessed value) suggest a property where the underlying land contributes significantly to its worth—a point for value-conscious investors or those viewing real estate as a long-term anchor asset.
Section 2: 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 Winnipeg. For example, being in the "top 3%" for lot size in Winnipeg means 97% of properties have a smaller lot. It's a quick way to gauge how a specific feature stacks up against the market.
2. Is a 1976-built home a concern?
While 50 years old, the home ranks as newer than 65% of properties in Eric Coy, meaning it's in a mature neighbourhood with comparable homes. A pre-purchase inspection is always advised to understand the condition of major systems, roof, and structure specific to this era.
3. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,300 sqft main floor, which is valuable for growing families, creating separate living areas, or adding recreational space. Ensure you understand the quality and permits of the finish.
4. Who might this property not suit?
It may not suit buyers seeking a modern, low-maintenance home or those who prioritize a large interior footprint over outdoor space. The detached garage and the home's age suggest a willingness for ongoing upkeep.
5. The assessed value is $460,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market, condition, and buyer demand, and can be higher or lower than the assessment.