Property Summary: 31 Westlund Way
Key Characteristics & Appeal
This is a well-sized, two-storey family home in Winnipeg's Eric Coy neighborhood, built in 1979. It sits on a large, 7,120 sqft lot, offering ample outdoor space—a standout feature that ranks in the top 16% citywide. With 1,956 sqft of living space, the interior is roomier than roughly 9 out of 10 homes in Winnipeg, providing excellent scale for family life. The home includes an unfinished basement, presenting a clear opportunity for future customization and added value. A key part of its appeal is its established setting; the lot size, home square footage, and the age of the property all rank very favorably within its immediate street and broader community, suggesting it's a solid, above-average offering in a mature area. This property would suit buyers looking for a generous lot and spacious interior in a settled neighborhood, who are comfortable with a home of this vintage and see potential in personalizing an unfinished space.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics. For example, its lot size is larger than 84% of Winnipeg properties, indicating a premium-sized yard. Its 1979 build date is newer than 62% of city homes, placing it in a comfortable middle range for age.
2. The assessment is higher than the 2020 sale price. Does that matter?
The current assessed value is a municipal estimate for tax purposes. The 2020 sale price is a historical market data point. A buyer's offer should be based on current market conditions, a professional appraisal, and a home inspection, not solely on either of these figures.
3. Is an unfinished basement a pro or a con?
It depends on the buyer. It's a con for those wanting immediate, turn-key finished space. It's a significant pro for those who want to customize the layout, materials, and systems (like electrical or plumbing) to their exact needs without first paying for demolition.
4. The home ranks low on its street for assessed value. Should I be concerned?
This specific metric is less indicative of a problem than the physical rankings (size, lot). It often reflects the municipality's assessment model applied to similar homes on the street. It does not necessarily reflect the home's current market value or condition relative to its neighbors.
5. What are the less obvious considerations with a 1979 home?
Homes of this era may have original components, like windows, roofing, or major mechanical systems (furnace, water heater), that are nearing or at the end of their typical lifespans. A thorough inspection is crucial to budget for potential updates. Conversely, construction from this period often features practical, straightforward layouts and robust framing compared to some newer builds.