This 1976-built bungalow in Eric Coy offers a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, half-acre lot (21,293 sqft), which places it in the top 1% of properties in Winnipeg for land size. The home itself is a well-proportioned 1,753 sqft one-storey layout with a finished basement and an attached garage. While the structure is 50 years old, its assessed value and living area rank highly within its immediate community and the wider city, indicating a well-maintained and above-average offering for its vintage.
The property suits buyers seeking room to breathe and personalize. It's ideal for families or multi-generational households wanting expansive outdoor space for play, gardening, or future additions. The large lot also presents a rare opportunity in the city for those with hobbies, pets, or simply a desire for privacy. It would equally appeal to value-conscious buyers looking for a home with solid fundamentals in a mature neighbourhood, where the significant land component offers both immediate utility and long-term investment potential.
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What is the true value of such a large lot? Beyond privacy and space, a lot of this size is a finite asset in the city. It provides flexibility for landscaping, potential future development (like a workshop or secondary suite, subject to zoning and permits), and typically holds value independently of the dwelling.
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How should I think about the home's age? Built in 1976, the major systems (roof, windows, HVAC) are likely at or past their typical lifespans. A thorough inspection is crucial. However, the high rankings for assessed value suggest the home has been maintained in a condition that outperforms many of its peers.
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What do the rankings actually mean? They show this property is a standout in its immediate area for lot size and living space. It ranks higher in its own community than on its specific street, suggesting it's in a desirable pocket of Eric Coy and is a particularly strong offering within an already well-regarded neighbourhood.
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Is the finished basement included in the 1,753 sqft living area? Typically, the main living area (1,753 sqft) and the finished basement are reported separately. The 1,753 sqft refers to the above-ground footprint. The finished basement adds significant additional functional space to the property.
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Who might this property not suit? Buyers seeking a modern, turn-key home with no immediate projects may find the age a drawback. Those with limited mobility should confirm the single-storey layout meets all needs, as bungalows often have steps at entrances. The large lot also requires more time and effort for maintenance than a standard city yard.