Property Overview
This 1998-built, one-storey home in Winnipeg's Eric Coy neighbourhood presents a specific and compelling value proposition. Its primary appeal lies in the combination of a very large, 11,819 sqft lot with a modern, low-maintenance single-level layout. The home itself is of average size for the area (1,479 sqft), but its lot size is exceptional, ranking in the top 4% city-wide. This creates a standout feature in a mature neighbourhood. The property suits buyers looking for a blank canvas—either a young family wanting ample outdoor space to grow into, or a downsizer seeking single-level living with the rare bonus of significant yard space for gardening or entertaining. Its high rankings for being newer than most homes on its street and in Winnipeg suggest it offers modern construction benefits amidst older surroundings. The unfinished basement provides straightforward potential for future expansion to suit the buyer's needs.
Key Considerations & FAQs
1. What does the "ranking" data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being newer than 99% of homes on its street means it's one of the newest properties in the immediate area, which can imply fewer immediate major repairs. The lot size ranking in the top 4% city-wide is its most standout metric.
2. Is the unfinished basement a drawback?
Not necessarily. For many buyers, it's an advantage. It means you can customize the space to your exact needs (e.g., a rec room, home gym, or additional bedroom) without paying a premium for a finished layout you might want to change. It represents clear potential value.
3. Who would this property not be ideal for?
Buyers seeking a fully turn-key, move-in-ready home with a finished basement may find the project potential a downside. Additionally, those who prefer a small, low-maintenance yard might see the large lot as a chore rather than a benefit.
4. The assessed value is $482,000. How should I interpret this?
The assessment is for municipal tax purposes and is a historical snapshot. It indicates the home is valued well above average for Winnipeg (top 20%). The actual sale price will be determined by the current market, but this suggests a solid underlying municipal valuation.
5. What's the less obvious appeal of a large lot in a mature neighbourhood?
Beyond space, it offers long-term flexibility and privacy that is increasingly rare. It could accommodate future additions like a large shed, workshop, or even a garden suite (subject to zoning), making it a versatile long-term asset rather than just a yard.