Property Overview
This 1978-built, one-storey home on a large 6,421 sqft lot in Eric Coy offers practical, single-level living. Its key appeal lies in its balance of space, location, and value. The home features 1,274 sqft of living space, a finished basement adding functional room, and an attached garage. The lot size is a significant asset, offering ample outdoor space that is well above average for the area. Recent sale data and assessment figures are closely aligned, suggesting a stable and transparent market value.
The property would suit first-time buyers looking for a manageable, ground-level layout, or downsizers seeking a comfortable home with a generous yard and minimal stairs. Its strong city-wide rankings for lot size and value also make it a practical choice for buyers prioritizing land and long-term investment over a newer build or a larger interior footprint.
Key Questions for Buyers
1. How does the age of the home affect my plans?
Built in 1978, major components like the roof, windows, and mechanical systems may be at or nearing the end of their service life. A thorough inspection is crucial to budget for potential updates, but the solid lot and layout offer a strong foundation.
2. The interior space ranks lower than the lot size. What does this mean?
This indicates the living area is modest compared to other homes locally. The appeal here is the trade-off: you're acquiring a larger-than-average property, with the potential to expand the home itself in the future, subject to permits and regulations.
3. The community ranking seems low. What's the context?
While the home ranks in the top half of Winnipeg overall, its position within the Eric Coy neighborhood is more modest. This typically reflects the specific mix of homes in the area and suggests this property is priced accessibly within a desirable community, offering an entry point.
4. What are the advantages of a finished basement?
It immediately provides extra living, recreational, or flexible space without the need for a renovation. However, it's important to verify the quality of the finish and ensure it meets your needs for ceiling height, moisture control, and egress.
5. The home sold recently in March 2024. Why is it back on the market?
This is a standard and important question. The reason could be perfectly neutral (a job relocation, change in plans) or worth investigating. Your agent can inquire about the circumstances, which is a routine part of the buying process.