Property Overview
This 1976-built, one-storey home in Eric Coy sits on a generous 8,212 sqft lot, offering a rare combination of space and single-level living. Its key appeal lies in its substantial, private yard—a significant asset in a mature neighbourhood—paired with the practicality of a fully finished basement and attached garage. With 1,446 sqft of living space, it provides ample room for a growing family or those seeking single-floor convenience.
The home’s competitive positioning is nuanced. While its lot size ranks in the top 10% city-wide, the building itself is older than most in its immediate area. This presents a compelling value proposition: you are acquiring a premium piece of land with a solid, functional home. It would particularly suit value-conscious buyers looking for a long-term family home with outdoor space to grow into, or those planning future renovations who prioritize land value over a modern build. Its strong city-wide rankings for lot and living area size suggest a property with underlying equity that outshines its immediate streetscape.
Frequently Asked Questions
1. How does the age of the home affect its value?
While the home is older than all others on its street, it surpasses 65% of homes in the wider community for age. This indicates you're in a well-established neighbourhood. The value is anchored more in its large lot and functional layout than in a new build, which can be an advantage for buyers focused on land and location.
2. The assessment value seems high compared to past sale prices. What does this mean?
The current assessment is notably higher than the 2020 sale prices. This typically reflects strong market appreciation and the city's recognition of the property's value, particularly its large lot. It's a positive indicator of growing equity, but buyers should ensure their offer aligns with current market conditions, not just historical data.
3. Is the lot size a major advantage?
Absolutely. A lot of over 8,000 sqft places this property in the top 10% in Winnipeg. This offers exceptional outdoor space for gardens, play, or expansion, which is increasingly rare and a key long-term asset.
4. Who would this neighbourhood suit?
Eric Coy is a mature, family-oriented community. The property's rankings show it offers more living space and a larger lot than most in Winnipeg, but is fairly average within its own community. This suits buyers wanting established amenities and a family feel, in a home that stands out for its space rather than luxury finishes.
5. What does the "finished basement" entail?
The listing confirms a finished basement, which directly adds usable living space to the 1,446 sqft main floor. Prospective buyers should view this as a valuable bonus area for recreation, guests, or storage, and are advised to inquire about the finish quality, ceiling height, and any moisture control measures during a viewing.