Property Overview
57 Blossom Bay is a spacious, well-maintained family home in Winnipeg's Eric Coy neighbourhood. Built in 1978, it's a two-storey home with a finished basement, offering 1,840 sqft of living space on a large 6,080 sqft lot. The home's key appeal lies in its established setting and generous proportions, both indoors and out. It ranks highly for its lot size, living area, and assessed value within the broader Winnipeg market, suggesting it offers above-average space for its price range. The 2022 sale price of $641,000 significantly exceeds the current $541,000 assessment, indicating a strong recent market valuation.
This property would best suit buyers looking for a move-in ready, traditional family home with ample room to grow, both in the house and the yard. It's ideal for those who value space over brand-new condition and appreciate the mature character of a late-70s build. The lack of a garage may appeal to buyers prioritizing yard space or those willing to add a structure later. Its competitive rankings suggest it's a solid, above-median option in the city for buyers seeking value through space rather than luxury finishes.
Frequently Asked Questions
1. How does the assessment value compare to the likely selling price?
The property is currently assessed at $541,000 but sold for $641,000 in August 2022. This discrepancy is common and suggests the market value could be significantly higher than the municipal assessment, which is used for tax purposes. Buyers should rely on a current market evaluation.
2. Is the lack of a garage a major drawback?
It depends on the buyer's priorities. The large lot provides ample space to potentially add a garage or shed in the future. For some, the trade-off of a bigger yard for vehicle storage is acceptable, especially in a neighbourhood where street parking may be sufficient.
3. What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent, rooms, or ceiling height. A viewing is essential to determine if it's a casual rec room or includes legal bedrooms, and to check for any moisture issues common in homes of this era.
4. The home is 48 years old. What should I be mindful of?
While the home appears well-maintained, a thorough inspection is crucial. Key systems like the roof, windows, plumbing, electrical, and foundation should be evaluated for their age and condition. The upside is that older homes often feature more robust construction and larger lots than newer builds.
5. How does it rank within its own community?
The rankings show a mixed picture. While it scores very well for lot size and assessed value within Eric Coy, its overall ranking in the community is low (top 98%), largely due to its age. This suggests it's in a mature part of the neighbourhood surrounded by even newer homes, offering a established, quiet setting.