Property Overview
21 Quinns Cove is a spacious two-storey family home in Winnipeg's Eric Coy neighbourhood. Built in 1988, it sits on a large, 8,026 sqft lot and offers over 2,000 sqft of living space. Key features include an unfinished basement and an attached garage. The home's appeal lies in its generous proportions—both the lot size and living area rank highly within the wider city, offering room to grow. Its value is further underscored by a municipal assessment of $522,000. This property would best suit a buyer looking for a established home with ample indoor and outdoor space, who is comfortable with a home of this vintage and sees potential in customizing an unfinished basement to their own needs.
Key Details & FAQs
Key Characteristics & Appeal:
This home stands out for its above-average footprint. The lot is exceptionally large for the area, ranking in the top 11% of all Winnipeg properties for size, which is a rare find in mature neighbourhoods. The living space is also substantial, ranking in the top 8% city-wide. While the home itself is 38 years old, it is newer than most on its street and in its community. The appeal is clear: space and potential. It suits a practical buyer—perhaps a growing family, a multi-generational household, or someone who values a large yard—who is prepared for the maintenance of a property of this age and size, and who views the unfinished basement as a blank canvas rather than a drawback.
Frequently Asked Questions:
1. What is the significance of the property rankings?
The rankings show how this home compares to others. For example, its lot size beats 89% of Winnipeg properties, meaning it's larger than most. Its living area beats 92%, indicating it's more spacious than the vast majority of homes in the city.
2. Is the unfinished basement a pro or a con?
This depends on the buyer. It's a con for those wanting immediate, finished living space. It's a significant pro for those who want to customize the space (like adding a suite, theatre, or workshop) to their exact specifications without paying for someone else's renovations.
3. The home is newer than most on its street. Does that matter?
Yes, it can. It may suggest more modern construction materials and layouts than immediate neighbours, and potentially less immediate concern for major age-related replacements like the roof or windows compared to an older home.
4. Who would this property NOT suit as well?
It may not suit buyers seeking a modern, turn-key home with no projects, as the basement requires finishing. It might also not fit those who prefer low-maintenance, smaller yards.
5. How should I interpret the assessment value versus the listing price?
The municipal assessment ($522,000) is for tax purposes and is not the market value. The listing price will be set by the seller based on current market conditions. The assessment does indicate the home is considered a higher-value property within its area, as it beats 85% of Winnipeg homes.