Property Overview
This 1972 two-storey home in Eric Coy sits on a large, approximately 11,063 sqft lot, offering space and established character. Its key appeal lies in its generous proportions: the 1,724 sqft living area is larger than most Winnipeg homes, and the finished basement adds functional space. The property's standout feature is its lot size, which ranks in the top 5% city-wide, providing exceptional outdoor potential. While the home itself is older, its overall size metrics are strong within its community. It would suit buyers looking for a spacious family home with room to grow, garden, or potentially expand, and who value a solid amount of house and land for the investment. A thoughtful perspective is that this property represents a "canvas" opportunity—its value is grounded in its substantial lot and functional layout, offering a foundation that a buyer could customize over time without the premium of a fully renovated home.
Frequently Asked Questions
1. How does the age of the home (1972) affect its condition?
As a 54-year-old home, major systems like roof, windows, furnace, and plumbing may be at or beyond their typical lifespans. A thorough inspection is essential to understand upcoming maintenance or replacement costs, which should be factored into the budget.
2. What does the "top 5% in Winnipeg" lot ranking actually mean for me?
It means you own one of the larger standard residential lots in the city. This provides superior privacy, space for additions like a deck or shed, gardening potential, and simply more room for kids and pets to play compared to newer subdivisions.
3. The assessment value is $422,000. Is that the sale price?
No. The municipal assessment is for tax purposes and can differ significantly from market value. The sale price will be determined by current market conditions, the home's specific state, and buyer demand.
4. What are the advantages of a finished basement?
It immediately adds livable space for a family room, home office, or guest area without a major renovation. However, it's wise to check the quality of the finish and ensure proper moisture control is in place.
5. The home ranks lower on "value" within its street and community. Why?
This suggests that, relative to its immediate neighbors, the assessed value per square foot or lot size may be higher. This isn't inherently negative but indicates that compared to other nearby homes, the city assesses it as having a higher taxable value. It's a useful data point for understanding its position in the local market.