This is a distinctive, well-established property that offers a rare combination of space and privacy within the city. Its primary appeal lies in its exceptionally large, nearly half-acre lot (19,049 sqft), which places it in the top 2% of all Winnipeg properties for land size. The home itself is a 1,194 sqft, one-storey bungalow from 1962, featuring a finished basement and an attached garage. While the house is of average size for the area and its age is reflected in the rankings, the true value proposition is the expansive, blank-canvas yard. This property suits buyers looking for a peaceful retreat with immense outdoor potential—whether for gardening, recreation, or future expansion—without moving to a rural area. It would also appeal to those who value established neighborhoods with mature landscaping and are comfortable with the character and potential updates a home of this era may require.
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What does the "finished basement" include? The listing notes a finished basement, but specifics on layout, ceiling height, permits, and moisture control are essential details to request, as these factors greatly affect livable space and value.
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How does the large lot impact costs? While offering privacy, a lot of this size typically means higher property taxes and greater maintenance effort (e.g., lawn care, snow clearing). It's wise to factor these ongoing costs into your budget.
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What is the neighborhood's character and future? The Eric Coy area is known for larger lots and a quiet feel. Researching any upcoming community development plans or zoning bylaws can help assess whether the area's character is likely to be preserved.
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Why is there a gap between the assessed value and asking price? The city's assessment is one data point for taxation. The asking price reflects current market conditions, the unique lot size, and the seller's valuation. A comparative market analysis from your agent will provide the clearest pricing context.
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Is the property suited to modern energy efficiency standards? A home built in 1962 may have original windows, insulation, and mechanical systems. An inspection will clarify the state of these components and help plan for potential upgrades to improve comfort and reduce utility bills.