Property Overview & Key Characteristics
This property is defined by its exceptionally large, private lot of over 27,000 square feet in the Eric Coy neighbourhood. The home itself is a modest 1,127 sqft one-storey bungalow from 1963, featuring a finished basement and a detached garage. Its primary appeal lies not in the size or newness of the house, but in the rare scale of the land it occupies. The lot size ranks in the top 1% for Winnipeg, offering immense potential for gardening, recreation, expansion, or future redevelopment.
The home would best suit a buyer who values private outdoor space above interior square footage. It’s ideal for someone with a vision—whether that’s creating a personal oasis, accommodating multi-generational living with additions, or seeing the long-term value in a large, serviced parcel within the city. It’s a practical home with a standout land asset, appealing to downsizers seeking privacy, growing families wanting room to play, or value-oriented investors.
Frequently Asked Questions
1. What is the true value proposition here?
While the house is a comfortable bungalow, the overwhelming value driver is the land. You are purchasing a property lot size that is virtually unavailable in newer city subdivisions, offering privacy and options rarely found on the market.
2. Is the house in good condition for its age?
As a 1963 build, prospective buyers should prioritize a thorough inspection. The rankings indicate the home is older than many in the area, so understanding the state of major systems (roof, foundation, plumbing, electrical) and the quality of the basement finish is crucial.
3. What can I do with such a large lot?
The possibilities are a key selling point. Beyond extensive gardening, the lot could accommodate additions like a large workshop, a play structure, or even a future secondary suite (subject to zoning and city approvals). It provides a rare sense of openness within city limits.
4. How does the assessment value relate to the asking price?
The municipal assessment is $427,000. It’s important to note that assessments are for tax purposes and can differ from market value. The listing price will reflect current market conditions, the unique lot premium, and the home’s updated features.
5. What are the downsides or considerations?
The home’s living space is relatively compact, so storage or layout may require creative solutions. Maintenance of a large lot (mowing, landscaping) requires more time or equipment. Also, as an older home, energy efficiency may not match that of a new build, impacting utility costs.