Property Overview
This is a distinctive property defined by its remarkable combination of space, privacy, and vintage character. Its primary appeal lies in the rare, half-acre lot within the city, offering a level of seclusion and outdoor potential uncommon for Winnipeg. The home itself is a substantial two-storey with nearly 2,500 sqft of living space, significantly larger than most in the area. While built in 1941, it features a finished basement, adding to its functional footprint.
The property would perfectly suit buyers who prioritize land and space over turn-key modernity. It’s ideal for those seeking a private, garden or hobby-farm setting, or for a family looking for room to grow and customize a character home over time. It also represents a solid opportunity for value-conscious buyers seeking more square footage and land for their investment than a typical suburban lot can provide, with the understanding that an older home may require updates.
Key Questions & Considerations
1. What are the implications of a 1941 build date?
Expect the charm and solid construction of the era, but also potential considerations like original wiring, plumbing, or windows. The high rankings for living space and lot size show the value is in the generous footprint and land, not a recent renovation.
2. The lot is huge. What should I consider?
A 21,769 sqft lot offers incredible privacy and possibilities (gardens, play space, additions), but also means higher maintenance, potentially higher property taxes due to land value, and different utility costs (e.g., watering) than a standard lot.
3. The home ranks in the top 3% for size locally, but lower for "newness." What does this mean?
This highlights the property’s core proposition: you are trading the modern conveniences of a newer build for significantly more interior space and land. It’s a value proposition based on square footage and potential, not contemporary finishings.
4. Who is the typical buyer in this area?
The Eric Coy neighbourhood shows a mix of long-time residents in original homes and those who have updated properties. This home, with its top-tier lot size and living space rankings, caters to buyers looking for a standout property in the area rather than a standard offering.
5. How should I interpret the strong assessment value ranking?
With an assessed value surpassing 87% of Winnipeg homes, the municipality recognizes the significant value here, primarily in the land and building size. This is a substantial property by the city’s metrics, which is reflected in its official valuation and likely in its property taxes.