Property Overview
This 1984-built, single-storey home in Winnipeg’s Eric Coy neighbourhood presents a compelling blend of space, location, and established value. Its key appeal lies in its generous, nearly 10,000 sqft lot—a rarity that offers significant outdoor potential—combined with a fully finished basement and a practical layout spanning over 1,700 sqft of living space. The property ranks highly for its lot size, assessed value, and age within the broader Winnipeg context, indicating a well-regarded and mature setting. It would particularly suit buyers looking for a solid, move-in-ready family home with room to grow outdoors, or those seeking a long-term hold in a stable area without the premium of a brand-new build. It’s a practical choice for someone who values a large yard over a more modern floor plan.
Key Details & Questions
What are the less obvious advantages of this property?
Beyond the clear benefits of a large lot and finished basement, the home’s age (42 years) means major systems may have been updated, and the neighbourhood’s mature landscaping offers established privacy and greenery not found in newer subdivisions. Its high city-wide ranking for assessed value suggests it’s in a consistently desirable area.
What is the neighbourhood (Eric Coy) like?
Eric Coy is a mature, established community in Winnipeg. The property’s rankings show it surpasses most Winnipeg homes in value and lot size, indicating a solid, above-average neighbourhood. Prospective buyers should visit at different times to gauge traffic and community feel.
Is the lot size a major advantage?
Absolutely. At 9,658 sqft, the lot is significantly larger than average, offering ample space for gardening, recreation, future additions like a deck or shed, and simply more privacy. This is a long-term asset that is increasingly difficult to find.
How does the 1984 build year affect things?
While the home is not new, it ranks as newer than most in its immediate area and community. This suggests a well-built, later-generation home in the neighbourhood. Buyers should still prioritize a thorough inspection to understand the condition of the roof, windows, and major mechanical systems.
What does the assessment value tell us?
The municipal assessment of $563,000 is a strong indicator of the property’s base value for tax purposes and is well above the Winnipeg median. It reflects the combined value of the large lot, finished living space, and location. The final sale price is typically market-driven and can be above or below this figure.