Property Overview
This 1972 one-storey home in Eric Coy offers a practical, no-fuss living arrangement on a generous 6,000 sqft lot. Its key appeal lies in its simplicity and space. The 1,096 sqft layout includes a finished basement, providing flexible living or storage areas, and is complemented by a split garage. While the home itself ranks in the middle of the pack for size and value locally, the lot size is a significant asset, offering ample outdoor potential. It suits first-time buyers seeking an entry point into homeownership with room to grow, or practical-minded investors looking for a solid rental property. Its value is grounded more in its land and functional layout than in high-end finishes, representing a straightforward opportunity in a mature neighbourhood.
Key Considerations & FAQs
Q: What is the neighbourhood like?
A: Eric Coy is a well-established, quiet community. The rankings show this property is among the larger lots in the area, but the home's assessed value is relatively modest compared to many neighbours, suggesting a mix of older and potentially updated homes.
Q: Is the house outdated?
A: Built in 1972, some original elements are likely. The appeal here isn't move-in-ready luxury; it's a solid structure on a great lot. The finished basement adds immediate usable space, but buyers should budget for modernizations over time.
Q: How does the 2017 sale price compare to now?
A: The home sold for $276,000 in late 2017 and is now assessed at $353,000. This increase reflects broader market trends. Notably, its current assessed value ranks in the top half city-wide, indicating it has kept pace.
Q: What does the "ranking" data actually mean?
A: It compares this property to others on its street, in Eric Coy, and across Winnipeg. For example, it ranks in the top 32% of all Winnipeg homes for lot size, which is its standout feature. However, it ranks lower for interior size and value within its immediate community, highlighting its position as a land-value proposition.
Q: Who would this property NOT suit?
A: It may not suit those seeking a modern, low-maintenance home or a prestigious address. The data suggests it's a functional property in a neighbourhood where some homes are newer or more updated. Buyers wanting immediate luxury or the newest amenities should look elsewhere.