Property Overview & Key Characteristics
This 1987 two-storey home in Eric Coy offers a well-established, spacious family footprint on a large, mature lot. Its key appeal lies in the combination of above-average living space (2,226 sqft) and a generous, private yard (7,178 sqft), a pairing that can be harder to find in newer subdivisions. The home presents a grounded opportunity: it's not the newest on the block, but it ranks highly within the wider community and city for its size, lot, and assessed value. The finished basement and attached garage add practical, day-to-day functionality. This property would suit buyers looking for a classic family home with room to grow and garden, who value space over a modern, move-in-perfect finish. It's a solid candidate for those comfortable with a home of this vintage, potentially seeing value in personalizing updates over time.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show this home is a strong performer in its broader context. While it's average for its immediate street, it ranks in the top 7% of the Eric Coy community for living space and the top 5% city-wide, indicating it's notably larger than most Winnipeg homes. The lot size is also highly competitive.
2. Is the 1987 build year a concern?
The age is a neutral factor that depends on the buyer. The rankings show it's newer than 72% of Winnipeg homes, so it's not considered old for the market. It does mean systems (roof, windows, furnace) are likely original or have been updated at various times, so a thorough inspection is key to understanding its condition and any upcoming maintenance.
3. How should I interpret the assessed value?
The municipal assessment of $571,000 is for tax purposes and is typically below market value. Its ranking—higher than 91% of Winnipeg homes—confirms it's a substantial property in the city's assessment framework, which can be a positive indicator for underlying value.
4. What is the neighbourhood like?
Eric Coy is a mature, established neighbourhood in Winnipeg. The large lot sizes and mix of home ages suggest a settled, family-oriented area with developed trees and landscaping, offering more privacy than newer, denser subdivisions.
5. What are the less obvious pros and cons of a property like this?
A thoughtful pro is the potential for outdoor living and gardening on a lot of this size. A less obvious consideration is that while the finished basement adds living space, understanding the quality of that finish and its ceiling height will determine its true utility and comfort.