Property Overview & Key Characteristics
50 Deerpark Drive is a well-established, single-family home in Winnipeg's Eric Coy neighbourhood. Built in 1987, it is a one-storey bungalow offering 1,652 sqft of living space, including a finished basement. Its most defining feature is the generous 10,177 sqft lot, which places it in the top tier of property sizes locally. The home includes an attached garage and no pool.
The primary appeal lies in its exceptional land size, offering significant space and privacy—a rarity that becomes increasingly valuable. While the house itself is of average size for the area, its lot ranks in the top 6% across all of Winnipeg, presenting a substantial opportunity for gardening, expansion, or simply enjoying ample outdoor space. The property also shows strong fundamentals, with an assessed value that ranks in the top 12% city-wide, suggesting solid underlying value.
This home would best suit buyers who prioritize land over a large or modern footprint. It’s ideal for those seeking a manageable single-level layout with a finished basement, and who see the potential in a large, established lot. It appeals to long-term thinkers who value space and privacy, possibly families looking for room to play and grow, or downsizers wanting a manageable home without sacrificing outdoor sanctuary.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
At 39 years old, this is an established home. Buyers should anticipate standard maintenance and updates common to houses of this era, such as roofing, windows, or major systems. A thorough inspection is essential to understand its current state.
2. What does the high city-wide ranking for lot size actually mean for me?
Ranking in the top 6% for lot size in Winnipeg means this property is genuinely larger than most. It offers a level of outdoor space that is difficult to find, providing privacy, room for additions like a shed or deck, and a sense of openness not common in newer subdivisions.
3. The living area ranks lower than the lot size. Is the house too small?
The living space is average for the community but modest compared to the lot. This dynamic is key: you are buying significant land with a comfortable, not sprawling, home. It’s perfect if your lifestyle values outdoor space, but may not suit those wanting maximum interior square footage.
4. The assessed value is high relative to the street. What does that indicate?
With an assessment ranking in the top 12% in Winnipeg but only the top 71% on its own street, it suggests the lot size and overall property value are recognized city-wide, even if more modestly on a street that may have a mix of very high-value homes. It underscores the property's strength is its land.
5. Is the finished basement included in the listed living area?
Typically, municipal living area (sqft) does not include below-grade space, even if finished. The 1,652 sqft likely refers to the above-grade living area. The finished basement provides additional, flexible space not reflected in that primary figure.