This well-established bungalow in Winnipeg's Eric Coy neighbourhood presents a classic and spacious family home on a generous lot. Built in 1969, its key appeal lies in its substantial 10,502 sqft property—a rare find that places it in the top 5% of Winnipeg for lot size. The home features 1,096 sqft of living space, a finished basement, and a split garage. While the interior living area is modest relative to the lot, the property offers significant outdoor potential and a solid, move-in-ready foundation. It particularly suits buyers looking for a large, private yard for gardening, recreation, or future expansion, and who value the established, quiet character of a mature neighbourhood over brand-new construction. Its competitive city-wide assessment ranking suggests strong underlying value for a prudent, long-term investment.
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What is the true value of such a large lot? Beyond privacy and space, a lot of this size (over 1/4 acre) is increasingly uncommon. It offers flexibility for adding a shed, workshop, or extensive landscaping, and holds potential for future additions, subject to zoning.
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How does the finished basement add to the living space? The finished basement effectively expands the home's usable area. Clarifying the layout, ceiling height, and whether it includes a bedroom or additional bathroom will help assess its functional contribution.
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Is the split garage a practical feature? A split garage (typically two separate single doors) can offer more flexibility for storage or workspace than a single double-door garage, but may limit parking for wider vehicles.
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Given its age, what major systems should be inspected? As a home from the late 1960s, the roof, windows, plumbing, electrical panel, and foundation should be priorities for a professional inspection to understand any upcoming maintenance or updates.
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How does the 2016 sale price compare to the current assessment? The 2016 sale at $367,000 and the current assessment of $397,000 indicate steady appreciation. Reviewing recent sales of comparable homes in Eric Coy will provide the clearest picture of current market value.