This 1972 one-storey home in Winnipeg's Eric Coy neighbourhood presents a compelling opportunity centered on land value and established community living. Its primary appeal lies in the unusually large, 10,794 sqft lot, which places it in the top 5% of all properties in Winnipeg for lot size. The home itself is a modest 1,008 sqft bungalow with a finished basement and a detached garage. While the interior living space ranks below average for the area, the property's standout characteristic is its expansive outdoor space, offering significant potential for gardening, expansion, or future redevelopment. It would particularly suit buyers looking for a solid entry point into a mature neighbourhood with a focus on the long-term value of the land, or those who prioritize private outdoor space over a large interior footprint. It's a practical choice for downsizers, first-time buyers comfortable with a project, or investors eyeing future land value.
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What are the key features of this property?
The defining feature is the massive, flat lot—over a quarter of an acre—which is rare in the city. The home is a classic bungalow with a finished basement and a detached split garage. It's situated in a well-established, quiet neighbourhood.
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How does this property compare to others nearby?
The data shows a clear contrast: while the house's size and recent sale price are below average for both the street and the wider Eric Coy area, the lot size is exceptionally large. The property's current assessed value sits in a competitive middle range for Winnipeg overall.
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What type of buyer would this home suit best?
It's ideal for a buyer who sees the land as the main asset. This could be someone wanting extensive gardens, room for children or pets to play, or a purchaser with future plans to renovate or rebuild. It's less suited for those seeking immediate move-in condition with ample interior space.
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What is the neighbourhood like?
Eric Coy is a mature, family-oriented neighbourhood in Winnipeg. The high lot-size ranking suggests a pleasant, less densely packed streetscape compared to many newer subdivisions, offering a sense of privacy and space.
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Is this considered a good value?
Value here depends on perspective. For the price of a standard-sized lot, you are acquiring significant extra land. The trade-off is a home that may require updates. It represents value in land ownership and long-term potential rather than in immediate modern finishes or square footage.