Property Overview & Key Characteristics
This is a well-established, single-story home in Winnipeg's Eric Coy neighbourhood, built in 1972. Its primary appeal lies in its generous, nearly 9,000 sqft lot, which offers significant outdoor space and potential in a city setting. The home itself features a finished basement and a split garage, providing practical living and storage solutions.
The property’s standout feature is its land value and relative position. It ranks within the top 8% of all Winnipeg properties for lot size, offering a rare amount of private yard space. While the house is of average size for the area, its assessed value ranks notably higher than most in the city, suggesting the land is a major driver. This home would suit buyers looking for a solid, no-frills bungalow with room to grow outdoors, perfect for gardening, family play, or future expansion. It’s a practical choice for those who value space over a modern build, appealing to downsizers seeking single-level living with a large yard or to families viewing the land as a long-term asset.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics (like lot size or assessed value). For example, ranking in the top 8% for lot size in Winnipeg means over 92% of city properties have a smaller lot, highlighting this home's exceptional outdoor space.
2. The house was built in 1972. What should I consider?
While the structure is over 50 years old, it offers the classic layout and durability of its era. Key considerations would be the age and condition of major systems (like roof, plumbing, electrical, and heating), which may need updating or have recently been replaced. A thorough inspection is advised.
3. How does the assessed value relate to the asking price?
The municipal assessment of $455,000 is for taxation purposes and reflects the city's valuation as of a prior date. It can be a useful benchmark, but the final sale price is determined by the current market. The fact that its assessment ranks higher than 75% of Winnipeg homes indicates the property is officially valued well above average.
4. What are the benefits of a split garage?
A split garage (typically a double garage separated by a wall) offers flexibility. It can be used to separate vehicles from workshop or storage space, or to easily create a dedicated, secure area for tools, bicycles, or seasonal items.
5. Is the finished basement included in the listed living area?
No. The listed living area of 1,212 sqft refers to the above-grade square footage. The finished basement provides additional living space (such as a rec room, extra bedrooms, or office) that is not counted in that official figure, adding functional space to the home.