Property Overview & Key Characteristics
This single-storey home in Winnipeg's Eric Coy neighbourhood sits on an exceptionally large, half-acre lot (over 24,000 sq ft), which is its most defining feature. Built in 1957, the 1,602 sq ft home includes a finished basement and a detached garage. Its appeal lies in the rare combination of a generous, established residential lot with a solid, functional living space. The property ranks in the top 1% in Winnipeg for lot size, offering immense potential for gardening, expansion, or simply enjoying private outdoor space that is increasingly hard to find.
It would best suit buyers who value land and privacy over a brand-new build. This is an ideal property for a growing family seeking room to play, a hobbyist or gardener dreaming of a blank canvas, or a long-term buyer who sees the underlying value in the land itself. A thoughtful perspective is that while the home itself is older, its outstanding lot ranking fundamentally future-proofs the property, offering options that newer homes on standard lots simply cannot.
Frequently Asked Questions
1. How does the age of the home (1957) affect its condition and value?
While the building is older, the recent 2022 sale suggests a market-tested value. The key is to have a thorough inspection to understand the state of major systems (roof, plumbing, electrical), as the value here is significantly supported by the irreplaceable land.
2. What does the "finished basement" entail?
The listing confirms a finished basement, but specifics on layout, ceiling height, moisture control, and permitted use should be verified during a viewing, as these factors greatly affect its livability and utility.
3. The lot is huge. Are there any restrictions on how it can be used?
This is a critical question. Buyers should inquire with the city about zoning bylaws to understand what is permitted—whether for adding structures like a workshop, potential subdivision, or even pool installation—to fully realize the lot's potential.
4. The home ranks highly for lot size but lower for its age. What does this mean?
These rankings highlight the property's unique profile: you are purchasing a top-tier land asset with a home that may require updates. It reflects a trade-off common with older, character properties on large lots.
5. Why did it sell in 2022, and is the current price justified?
The 2022 sale at $483,000 provides a recent benchmark. The current assessment and any asking price should be evaluated against that recent sale price, market changes since 2022, and any improvements made to the property in the interim.