Property Overview: 74 Alenbrook Bay, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Eric Coy neighbourhood, built in 1980. Its primary appeal lies in offering generous space and solid value on a large, 6,424 sqft lot. With 1,630 sqft of living space, a finished basement, and an attached garage, it provides practical, single-level living. The home’s standout feature is its strong relative value within the local market; it ranks highly for its lot size, assessed value, and living area compared to most homes in Winnipeg, suggesting it is a competitively priced property for what you get.
The home would particularly suit first-time buyers or downsizers looking for a manageable, single-storey layout without sacrificing indoor and outdoor space. Its above-average rankings for lot size and assessment value in its own community also indicate it could be a prudent choice for value-conscious buyers seeking a foothold in a neighbourhood with potential for future equity growth, given that it outperforms many nearby properties on key metrics.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1980, the home is nearly 50 years old. While this often means more generous room sizes and lot dimensions than newer builds, prospective buyers should budget for updates to major aging components, such as the roof, windows, or HVAC system, and factor a thorough inspection into their plans.
2. The community ranking for lot size seems low. What does this mean?
The property ranks in the top 91% for lot size within Eric Coy (meaning only 9% of homes have larger lots). This indicates that while the lot is very spacious by city-wide standards, the neighbourhood itself features many homes on exceptionally large lots, which is actually a positive characteristic of the area.
3. What is the significance of the high assessment value ranking?
With an assessed value ranking higher than 79% of homes in its community and 85% in Winnipeg, the municipal assessment suggests the property has a strong underlying value relative to its location and features. This can be a positive indicator for financing and long-term value retention.
4. Is the finished basement included in the listed living area?
No, the 1,630 sqft living area refers to the above-ground footprint of the single-storey home. The finished basement provides additional flexible space but is not counted in that official square footage.
5. What might explain the difference between the home’s age ranking and its other metrics?
The home ranks very well for its age (newer than 75% of homes in Eric Coy), but even better for value and size. This suggests it has been well-maintained or updated over time, and that its core attributes—lot size and living space—are significant enough to outweigh the age factor in its overall market position.