Property Overview & Key Characteristics
This 1,717 sqft bungalow, built in 1988, sits on an exceptionally large, mature lot of over 16,000 sqft in the Eric Coy neighbourhood. Its primary appeal lies in the rare combination of a spacious, single-level living floor plan and a vast, private outdoor space that is uncommon within the city. The home features a finished basement and an attached garage.
The property’s standout feature is its land. The lot size ranks in the top 2% of all properties in Winnipeg, offering immense potential for gardening, recreation, or future expansion. While the house itself is comfortably sized and ranks above average for its neighbourhood, it is the scale and privacy of the yard that truly differentiates it. The home’s overall assessed value places it in the top 10% citywide, reflecting the premium for such a substantial parcel.
This home would best suit buyers who prioritize private outdoor space over a brand-new build. It’s ideal for families seeking room for children and pets to play, for gardening enthusiasts, or for those who envision adding a deck, workshop, or even a future addition. It also appeals to buyers looking for the convenience of bungalow living combined with the long-term value of a large lot in a well-established community.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the rooms or finish quality. A viewing is essential to assess the layout, ceiling height, and whether it includes bedrooms, a living area, or both.
2. How does the 38-year-old age of the home affect it?
While the home ranks as newer than most in its immediate area, a professional inspection is recommended to evaluate the condition of major systems like the roof, windows, plumbing, and electrical, which may be nearing or past their typical lifespans.
3. Is the large lot a benefit for future resale?
Typically, yes. A lot of this size is a scarce commodity in the city and generally holds enduring value. However, its ultimate value will depend on market trends and the upkeep of both the house and the grounds.
4. What are the property taxes?
The current assessed value is $562,000. You can estimate annual property taxes by applying Winnipeg’s current tax rate (approximately 0.65% to 0.7%) to this figure, resulting in a rough estimate of $3,650 to $3,950 per year.
5. Why is the city-wide ranking for lot size so much higher than the neighbourhood ranking?
This indicates that while the lot is very large for Eric Coy, it is exceptionally large compared to the entire Winnipeg market. It suggests the neighbourhood itself features generally generous lots, but this property is among the largest even there.