Property Overview
This property is a well-established, single-storey home on an exceptionally large, nearly half-acre lot in the Eric Coy neighbourhood. Built in 1971, its primary appeal lies in the rare combination of a spacious, finished bungalow layout and vast outdoor space within the city. The home itself, at 1,554 sqft with a finished basement and attached garage, offers comfortable living space. However, its standout feature is the land—at 19,802 sqft, the lot size ranks in the top 1% for all of Winnipeg, presenting a unique opportunity for privacy, gardening, or future expansion. The property’s value is further underscored by its assessment ranking in the top 17% city-wide.
It would particularly suit buyers looking for a solid family home with immense yard space, those interested in long-term property value tied to land size, or anyone seeking a peaceful, private retreat without leaving the city. It’s a practical choice for someone who values outdoor room over a brand-new build, and it offers a canvas for personalization, whether that means landscaping, adding a workshop, or simply enjoying the established setting.
Frequently Asked Questions
1. What is the neighbourhood like?
Eric Coy is a mature, established community in Winnipeg. The high lot-size ranking suggests the area features spacious properties, offering a more suburban feel with likely larger distances between homes compared to newer subdivisions.
2. Is the large lot a benefit or a burden?
It’s a significant benefit for privacy, recreation, or gardening, but it also means higher property taxes (based on value) and more maintenance like lawn care or snow clearing. It’s a feature that adds long-term value but also ongoing responsibility.
3. How does the age of the home (55 years) factor in?
While the home ranks average to slightly above average in age for its area, a 1971 build means essential systems (roof, windows, furnace, plumbing) are likely at or beyond their typical lifespan. A thorough inspection is crucial, but a well-maintained home of this era often features solid construction and roomy layouts.
4. The assessment value is $504,000. What does that mean for the listing price?
The assessment is a municipal valuation for tax purposes, not a market price. However, ranking in the top 17% in Winnipeg indicates the city views it as a high-value property. Market price is determined by current buyer demand, condition, and comparable sales, but the strong assessment is a positive baseline.
5. Who would this property NOT be ideal for?
It may not suit those seeking a modern, low-maintenance "lock-and-leave" lifestyle, as the large yard requires upkeep. It might also be less ideal for buyers who prioritize brand-new finishes and open-concept layouts typical of newer homes, as this property offers space and land over contemporary style.