Property Overview
This single-storey home in Winnipeg’s Eric Coy neighbourhood presents a compelling blend of space, location, and value. Its key appeal lies in its exceptionally large, roughly one-third-acre lot (13,329 sqft), which places it in the top 3% of all properties in Winnipeg for land size. This offers rare potential for gardening, expansion, or outdoor recreation within the city. The 1,788 sqft living space is well above average, and the home features a finished basement and an attached garage.
The property’s strong and consistent value appreciation is notable, with a sold price of $570,000 in March 2024, significantly above its current assessed value. This home would suit buyers looking for a spacious bungalow layout on a private, sizable lot, offering a sense of retreat without leaving the city. It’s ideal for families, multi-generational living, or anyone who values outdoor space over a newer build, as the home itself dates to 1971.
Frequently Asked Questions
1. How does the lot size compare to a typical property?
The lot is exceptionally large at over 13,000 square feet. For perspective, a standard city lot in many Winnipeg neighbourhoods is often between 5,000-7,500 sqft, making this property’s land a standout feature.
2. The home was built in 1971. What should I consider?
While the structure is over 50 years old, the consistent price growth suggests it has been maintained as a desirable asset. A pre-purchase inspection is crucial to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, and to identify any modernization opportunities.
3. The recent sale price is higher than the assessed value. Why?
Municipal assessments for tax purposes often lag behind the current market. The sold price reflects what a buyer was recently willing to pay based on market conditions, the property’s unique lot size, and its overall appeal, indicating strong market demand for this specific home.
4. What does the "ranking" data mean?
The rankings show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg for metrics like size, age, and value. For example, being in the top 3% for land size city-wide objectively highlights its rarity. This data helps gauge its relative standing.
5. Is the finished basement included in the listed living area?
Typically, the main living area (1,788 sqft) and finished basement are reported separately. The listing confirms a finished basement exists, which adds functional space, but its square footage is likely not included in the 1,788 sqft figure, which generally refers to above-grade space.