Property Overview
This well-established bungalow in Eric Coy offers a classic and practical living arrangement on a large, mature lot. Its key appeal lies in its combination of a single-level floor plan, a fully finished basement, and a generous, private yard—a rare find that provides immediate livable space and long-term flexibility. Built in 1973, the home presents a solid opportunity for buyers who value space over new construction and are comfortable with a property that has a history and character.
The home is ideally suited for first-time buyers looking for a move-in-ready starter home with room to grow, or for downsizers seeking the convenience of one-level living without sacrificing square footage, thanks to the additional basement space. Its strong rankings for lot size and age within its immediate street suggest a desirable, settled location. A thoughtful perspective is that this property represents a "blank canvas within a solid frame": the core structure and land are valuable assets, allowing new owners to gradually update interiors to their taste while already enjoying a functional layout and established neighborhood.
Key Details & FAQs
Key Characteristics:
- Layout: A one-storey bungalow (1,264 sqft) with a fully finished basement.
- Lot: A notably large 6,827 sqft property, offering ample outdoor space and privacy.
- Parking: Features a split/detached garage.
- Location: Situated in the Eric Coy neighborhood of Winnipeg. Data shows it ranks highly for lot size and is newer than most homes on its specific street.
- Value: The municipal assessment is $416,000.
Frequently Asked Questions:
1. What is the overall condition implied by the listing?
The home is over 50 years old, so buyers should anticipate maintenance consistent with its age. However, its high ranking for "newness" on its street indicates it is one of the more recently built homes in that immediate area, which can be a positive.
2. Who would this property suit best?
It's an excellent fit for buyers who prioritize land size and single-level living. This includes first-time buyers needing basement space for a family or rental income, or empty-nesters looking to downsize from a two-storey but who still want spare rooms and a large yard.
3. How does its value compare to the area?
The assessed value places it in the top third of all Winnipeg homes and above average on its street. This suggests it is a substantiated, mid-range property in the market, not a fixer-upper priced at a discount.
4. What are the less obvious pros and cons?
A major pro is the lot size—large lots in established areas are irreplaceable. A potential con is the split garage; while it provides parking, it may be less convenient than an attached garage, especially in winter.
5. Is the basement legally suited or just finished?
The listing states the basement is "finished," not "legally suited." This means it provides extra living space (like a rec room or bedrooms) but may not have a separate entrance or meet all code requirements for a rental suite. Verification would be needed for rental plans.