Property Summary: 75 Addington Bay, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, two-storey family home in the Eric Coy neighbourhood, built in 1978. It sits on a generous 6,421 sqft lot, offering ample outdoor space—a notable feature in today’s market. With 1,386 sqft of living space and a finished basement, it provides practical room for daily life and growth. The home’s strength lies in its established setting and balanced proportions; it’s not the newest or largest on the block, but it ranks favourably in size and age within its immediate street and the wider city, suggesting a solid, middle-ground offering in a mature area.
Its appeal is for the pragmatic buyer: perhaps a young family seeking a stable community with room for kids to play, or a downsizer looking for manageable indoor space without sacrificing a sizable yard for gardening or privacy. The value proposition is grounded in its lot size and functional layout rather than luxury finishes. A thoughtful perspective is that while its assessment value ranks moderately in the neighbourhood, its above-average rankings for lot and living space in Winnipeg overall indicate you are getting more physical property for your investment compared to many city-wide options.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. The property rankings show this home is on a street where most houses are similar in vintage, offering a consistent, settled character.
2. Is the basement included in the 1,386 sqft living area?
No, the 1,386 sqft refers to the above-ground living space. The basement is additional, finished square footage, adding to the home’s functional space.
3. How does the assessed value compare to the likely asking price?
The municipal assessment is $425,000, which serves as a tax valuation. Market price is determined by current conditions and can be higher or lower. Notably, this assessment ranks in the top 30% city-wide, suggesting the city views it as a above-average value property.
4. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Eric Coy, and across all Winnipeg for specific metrics. For example, being newer than 75% of houses on its street but only in the top 39% city-wide for age confirms it’s in an established area, not a new subdivision.
5. What are the main considerations for a home of this age?
Built in 1978, prospective buyers should prioritize a thorough inspection of major systems like roof, windows, plumbing, and electrical, which may be nearing or have undergone updates. The upside is the proven durability of the structure and the mature landscaping on the large lot.