Property Overview & Key Characteristics
This well-established, single-storey home in Eric Coy sits on a notably large, nearly 10,000 sqft lot, offering a rare blend of space and privacy within the city. Its key appeal lies in this generous land size, which ranks in the top 6% of all Winnipeg properties, presenting significant potential for gardening, expansion, or simply enjoying ample outdoor room. The home itself features a finished basement and a split garage, providing practical living and storage space. Built in 1972, it is newer than most homes in its immediate area, ranking in the top quarter for age on its street.
The property would suit buyers looking for a solid, no-frills home where the land is the primary asset. It’s ideal for those who value space over a modern, turn-key interior, and see potential in a property where the yard is a central feature for family life, hobbies, or future investment. The recent sale history suggests it may also attract value-conscious buyers or investors looking for a property with established fundamentals in a stable neighbourhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Eric Coy, and across all of Winnipeg. For example, being newer than 77% of homes on its street indicates it's one of the more recently built houses in the immediate area, which can be a positive for systems and structure.
2. Is the large lot a benefit or a burden?
It's a major benefit for privacy, space, and potential, but it also means more yard maintenance. For the right buyer, this is a prized feature; for others, it could be a consideration in terms of time or upkeep costs.
3. Why was the 2023 sale price lower than the current assessed value?
Sale prices are determined by the market at a specific time, while assessed value is for municipal tax purposes. The difference could reflect market conditions at the time of sale, the property's specific condition, or terms of the transaction not reflected in public data.
4. What is the significance of a "finished basement" here?
It adds valuable liveable space to the 1,260 sqft main floor area, increasing the functional square footage of the home. It's important to clarify the finish quality and ensure it meets current needs, as finishes from older homes can vary.
5. Who might this property NOT suit?
Buyers seeking a modern, recently renovated home with minimal yard work may find the property dated and the lot size demanding. It's best suited for those who view the land as an opportunity rather than the interior as a finished product.