Property Overview & Key Characteristics
This property is a well-established, single-story home on an exceptionally large lot in Winnipeg's Eric Coy neighborhood. Its primary appeal lies in the rare combination of a spacious, 11,694 sqft parcel of land—a significant asset that ranks in the top 4% of all properties in Winnipeg for size—with a modest, 1,077 sqft living space that has a finished basement. Built in 1972, the home itself is not new, but it presents a compelling opportunity for buyers who value land over lavish square footage. The property's high city-wide ranking for lot size sharply contrasts with its more average rankings within its immediate community, suggesting it is a larger-than-typical lot in a mature area.
This home would best suit practical buyers or long-term planners. It's ideal for someone seeking outdoor space for gardening, recreation, or future expansion, without the upkeep of a massive house. It could also appeal to an investor or builder who recognizes the underlying value in the land itself. The finished basement adds functional living space, making it workable for small families or those needing a home office or separate living area. It’s not a luxury showpiece, but a property with solid, foundational value where the true potential may lie in what the land allows over time.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being in the top 4% city-wide for lot size means very few Winnipeg properties offer a larger parcel, highlighting a key advantage.
2. Is the house in good condition for its age?
The listing notes a finished basement, which is a positive update. As a 54-year-old home, prospective buyers should budget for a thorough inspection to assess the condition of major systems like roof, plumbing, and electrical, which are typical considerations for homes of this era.
3. Why is the lot size so significant?
A lot of this scale (over a quarter-acre) is uncommon in the city. It provides privacy, space for additions like a garage or workshop, extensive landscaping possibilities, and simply more room to breathe compared to newer subdivisions.
4. Who is the typical buyer in this area?
Eric Coy is a mature, established neighborhood. Buyers often value stability, larger lot sizes from older developments, and the convenience of nearby amenities without being in the downtown core. It attracts a mix of long-term residents, young families looking for space, and downsizers.
5. What are the immediate next steps if interested?
Given the unique value proposition of the land, it's wise to first verify any zoning regulations or restrictive covenants that might affect future plans for the property. Then, arrange a viewing to assess the home's condition and how it fits your needs, followed by a professional home inspection.