Property Overview & Key Characteristics
This property is a classic, single-storey home built in 1961, situated on an exceptionally large, approximately 19,000 sqft lot in the Eric Coy neighbourhood. Its primary appeal lies in the significant land size, which places it in the top 2% of all properties in Winnipeg for lot dimensions. The home itself features 1,400 sqft of living space with a finished basement and an attached garage.
The appeal here is multifaceted. For a buyer, the massive lot represents rare potential in the city—whether for gardening, expansion, or simply enjoying expansive private outdoor space. While the house is of a vintage that may require updates, its above-average living area and finished basement provide a solid foundation. This home would best suit a buyer who values land over a turnkey modern interior, such as a family seeking room to grow, a hobbyist or gardener, or a long-term investor who sees the underlying value in the property's generous footprint and potential.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
Being in the top 2% for lot size in Winnipeg means this property’s land area is larger than 98% of other residential properties in the city, offering a level of privacy and space that is increasingly uncommon.
2. Is the house in original condition?
Built in 1961, the home is 65 years old. While it has a finished basement, buyers should anticipate that various elements (like windows, roof, mechanical systems, or interior finishes) may be due for maintenance or modernization, which is typical for a home of this age.
3. How does the assessment value relate to the asking price?
The municipal assessment is $377,000, which is a valuation for tax purposes. The listing price is set by the seller and reflects current market conditions, the property's unique lot size, and other factors, so it will often differ from the assessed value.
4. What are the implications of the "one storey" design?
The single-level layout can be ideal for aging in place or for those seeking to avoid stairs, but it also means all primary living spaces are on one floor, which some may find efficient while others may prefer more vertical separation.
5. The community rankings vary—what does that indicate?
The rankings show the property is a standout for land size but more average in other metrics like age and assessed value within its immediate area. This suggests the neighbourhood is established with a mix of home sizes and vintages, and this property is notable within it primarily for its generous lot.