Property Overview & Key Characteristics
This is a distinctive, one-storey home in Winnipeg's Eric Coy neighbourhood, built in 1960. Its most defining feature is the exceptionally large, approximately 19,113 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers 1,392 sqft of living space with a finished basement and an attached garage.
The primary appeal lies in its rare combination of a generous, blank-canvas yard in a mature, established area. It's not just a house, but a significant parcel of land. This suits buyers looking for space for gardens, recreation, or future expansion, who value privacy and potential over a brand-new build. The property would resonate with downsizers seeking single-level living without sacrificing outdoor space, or with families prioritizing room to play and grow over a recently constructed home. Its value is grounded in its land asset and functional layout, offering a quieter, more private alternative to newer subdivisions on standard lots.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement, but specifics on the rooms, ceiling height, and finish quality are not provided. A viewing is essential to assess its condition and suitability for your needs.
2. How does the 1960 build year affect the home?
While the home ranks as older within its immediate area, this is typical for mature neighbourhoods. Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, balanced against the character and established landscaping of an older property.
3. What is the significance of the lot size rankings?
Ranking in the top 2% city-wide for lot size is exceptional. It means you are getting a property with far more land than the vast majority of Winnipeg homes, which is a permanent, appreciating asset that offers unique possibilities not available with a typical yard.
4. Why is the assessed value lower than one might expect for such a large lot?
The municipal assessment reflects a mass appraisal formula that considers factors like the age and size of the home itself. The market value for a property with this much land is often driven by buyer demand for space and potential, which can differ from the assessed value. The price is likely set with this unique land premium in mind.
5. What is the neighbourhood like?
Eric Coy is a mature, established community. The high lot-size ranking within the neighbourhood itself (top 30%) indicates this is among the larger, more private properties in the area, likely offering a more secluded feel compared to its immediate surroundings.