Property Overview & Key Characteristics
This is a well-established, single-storey home in Winnipeg's Eric Coy neighbourhood, built in 1966. Its most defining feature is the exceptionally large lot of approximately 21,742 square feet, which places it in the top 1% of all properties in Winnipeg for land size. The home itself offers 1,172 sqft of living space with a finished basement and an attached garage. While the house is of average size for the area and is older, its immense, private yard is a rare find in the city. The property's overall assessed value ranks highly, outperforming 71% of Winnipeg homes.
The primary appeal lies in its extraordinary outdoor space and long-term value. This isn't just a backyard; it's a canvas for gardening, recreation, expansion, or simply enjoying unparalleled privacy within the city. It suits buyers looking for a solid, no-frills home where the land is the main investment—perfect for families wanting space for children and pets, hobbyists, or those with future dreams of a significant renovation or addition who want to secure the lot first. It offers a quieter, more spacious alternative to newer subdivisions, appealing to those who value established communities and room to breathe over a modern floor plan.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Eric Coy, and across all of Winnipeg for specific metrics (like lot size or age). For example, being in the "top 1%" for lot size in Winnipeg means 99% of city properties have a smaller lot. It's a quick way to see this home's competitive standing.
2. The house was built in 1966. What should I consider?
While the basement is finished, the core structure and major systems (like plumbing, electrical, and the roof) are 60 years old. A thorough inspection is essential to understand the condition and any needed updates or maintenance, which should be factored into your planning and budget.
3. How can such a large lot exist in the city?
This is characteristic of older neighbourhoods like Eric Coy, which were developed at a time when larger lot sizes were more common. It represents a disappearing inventory of spacious urban properties, offering a level of privacy and space rarely available in newer builds.
4. Is the high assessment value due mostly to the house or the land?
Given that the house's size and age rankings are moderate while the land size ranking is exceptional, a significant portion of the $430,000 assessment is almost certainly tied to the value of the oversized lot itself.
5. What are the practical implications of a lot this size?
It provides fantastic privacy and potential, but also requires more upkeep for lawn care and landscaping. You should also verify with the city if there are any specific zoning restrictions or allowances (like for secondary suites or outbuildings) that could unlock further value for your intended use.