Property Overview
This is a distinctive, one-storey home on an exceptionally large, half-acre lot in the Eric Coy neighbourhood. Built in 1962, its primary appeal lies in the rare combination of a manageable 1,048 sqft living space set upon over 22,000 sqft of land, offering immense privacy and potential within the city. The home features a finished basement and a detached garage.
Its key selling point is the land itself, which ranks in the top 1% for size across Winnipeg. This creates a unique value proposition: the lifestyle and possibilities of a rural-like property without leaving the city limits. The house suits buyers looking for a solid, no-fuss bungalow as a blank canvas, where the true investment is in the ground it sits on. It would appeal equally to those seeking space for gardens, workshops, or future expansion, and to long-term investors who understand the appreciating value of large urban lots. While the interior is modest in size and the home is of an older vintage, its standout characteristic is the extraordinary outdoor space that is increasingly difficult to find.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement, but specifics on the layout, rooms, and finish quality are not provided. A viewing is essential to assess its condition and suitability for your needs, whether as extra living space, a rec room, or potential rental suite (subject to city bylaws).
2. The lot is huge. Are there any restrictions on what I can build or do with the land?
This is a critical question. While the lot offers fantastic potential, all structures (like additions, garages, or sheds) and land use are governed by City of Winnipeg zoning bylaws. You would need to verify the specific zoning and any potential easements or covenants before making plans.
3. How does the age of the home (1962) affect things?
The 64-year-old construction means systems like plumbing, electrical, and the roof will require careful inspection. While it presents a chance for updates, it also means maintenance should be budgeted for. Its older design, however, often comes with solid construction and that prized, mature lot.
4. The rankings show the house is smaller than many others. Is it cramped?
The living area is indeed below average for the neighbourhood. This home is best viewed as a comfortable bungalow where daily life happens, with the vast outdoor space serving as an extended "living room." It's ideal for those who prioritize land over square footage.
5. Why is the assessed value notably higher than many Winnipeg homes?
The $443,000 assessment largely reflects the tremendous value of the land, not the structure. Municipal assessments are based on market value, and a half-acre lot in the city commands a significant premium, which is clearly reflected here.