Property Overview: 53 Blossom Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, two-storey family home in the Eric Coy neighbourhood, built in 1978. It sits on a generous, mature lot of over 6,000 sqft, offering ample outdoor space. With 1,774 sqft of living space and a finished basement, it provides practical room for daily life and growth. The home’s standout feature is its strong value positioning: it ranks in the top 16% of Winnipeg homes for living space and the top 19% for assessed value, meaning you get more square footage and perceived value for your investment compared to most of the market. Its appeal lies in this combination of space, a sizable yard, and a price point that is competitive within the broader city context.
The property would suit buyers looking for a solid, no-frills family home in a quiet neighbourhood who prioritize interior and exterior space over modern finishes. It’s a pragmatic choice for those who see potential in a 48-year-old home and value a large lot for gardening, play, or future projects. A less obvious perspective is its appeal to value-conscious buyers who analyze market data; the home consistently ranks above average for Winnipeg in key metrics, suggesting it’s a structurally sound asset in its price bracket, even if it feels average within its immediate community.
Frequently Asked Questions
1. How does the home’s value compare to the area?
The home’s assessed value is $489,000, which ranks higher than 81% of Winnipeg homes, indicating good value for the city. However, within the Eric Coy community specifically, it only surpasses 70% of homes, suggesting there may be more premium properties in the immediate area.
2. What does the ranking data for "Living Area" actually tell me?
Ranking in the top 16% in Winnipeg for living area (1,774 sqft) means this home offers more interior space than the vast majority of homes city-wide. This is a key advantage for growing families or those who need flexible space.
3. The last sale was in 2019 for $385,000. What does that mean today?
The 2019 sale price is a historical point of reference, showing appreciation to the current assessment. The more relevant data is the current assessment and how it ranks, which suggests the property has kept pace with or exceeded broader market trends in Winnipeg.
4. Is the lot size a significant feature?
At 6,081 sqft, the lot is larger than many newer suburban properties. This offers valuable outdoor privacy, space for additions like a deck or shed, and is a permanent feature that cannot be replicated in denser developments.
5. The home is 48 years old. What should I consider?
While systems and components may be older or updated, the home’s age is reflected in its character and established neighbourhood. The rankings suggest it has been maintained competitively. A thorough inspection will be crucial to understand the condition of the roof, windows, furnace, and foundation typical for this era.