Property Overview
This 1968 bi-level home at 658 Hilton Street in Winnipeg's Eric Coy neighbourhood presents a unique opportunity centred on its expansive, nearly 10,000 sqft lot. Its key appeal lies in the significant potential of the land itself, offering space rarely found in the city. The home features 1,058 sqft of living space with a finished basement and a detached garage. While the house is modest in size and typical of its era, its value proposition is heavily weighted toward the property's generous dimensions and established, quiet location. This home would suit a buyer looking for a solid starter home with immense outdoor space for gardening, play, or future expansion, or an investor who recognizes the long-term value of land. It's less suited for those seeking a large, modern interior without renovation plans.
Key Details & FAQs
Key Characteristics & Appeal:
The defining characteristic of this property is its 9,951 sqft lot, which places it in the top 6% of all Winnipeg properties for land size. This offers exceptional privacy and room for additions, a large garden, or recreational space. The home itself is a functional bi-level with a finished basement, providing flexible living areas. Its appeal is grounded in a "blank canvas" potential—it's a property where the land is the primary asset. It would perfectly suit first-time buyers or downsizers who prioritize outdoor space over a sprawling interior, or a handy buyer planning a gradual renovation where the lot size adds immediate equity.
Frequently Asked Questions:
1. What does the ranking data (e.g., "top 6%") actually mean?
It shows how this property compares to others. For example, its land size is larger than 94% of homes in Winnipeg, making it a standout feature. Conversely, the living area is smaller than many, which is reflected in its pricing and indicates the value is in the land.
2. Is the house in good condition?
The listing notes a finished basement, suggesting some updates. However, as a 58-year-old home, a thorough inspection is recommended to understand the condition of major systems like roof, wiring, and plumbing, which is typical for homes of this age.
3. What can I do with such a large lot?
Beyond gardening and recreation, the lot size may allow for future additions like a garage workshop, a sunroom, or even a secondary suite (subject to City of Winnipeg zoning and permit approvals). It offers long-term flexibility.
4. Why is the assessed value ($385,000) a key metric?
In Winnipeg, property tax is based on this assessment. It also provides a benchmark, often lower than market price, indicating the municipality's valuation. The fact it surpasses 61% of Winnipeg homes suggests a solid underlying property value.
5. What is the Eric Coy neighbourhood like?
As an established Winnipeg community, it offers mature streetscapes and local amenities. The property's rankings within the community (e.g., top 59% for lot size) show it is a above-average lot for the area, offering more space than many of its neighbours.